Netstreit Investor Presentation Deck
Debt, Capitalization, and Financial Ratios
(unaudited, dollars in thousands)
Debt Summary
Unsecured revolver(2)
Unsecured term loan (3)
Unsecured term loan (4)
Mortgage note (5)
Total Weighted Average
Debt Summary
Unsecured revolver(2)
Unsecured term loan (3)
Unsecured term loan (4)
Unsecured term loan (6)
Mortgage note (5)
Total Weighted Average
Start Date
Current
November 27, 2023
December 23, 2024
Fully Extended
Maturity
August 11, 2027
January 15, 2027
February 11, 2028
November 1, 2027
NETSTREIT
Fully Extended
Maturity
August 11, 2027
January 15, 2027
February 11, 2028
January 3, 2029
November 1, 2027
End Date
November 27, 2023
December 23, 2024
January 15, 2027
$
$
$
$
$
$
$
Principal Balance
$175 million Term Loan Interest Rate Schedule
Principal Balance
Applicable Balance
175,000
175,000
175,000
106,000
175,000
200,000
8,472
489,472
175,000
200,000
150,000
8,472
533,472
Fixed Rate (1)
As of June 30, 2023
Interest Rate (1)
6.15%
1.37%
3.88%
4.53%
3.49%
As of July 3, 2023
Interest Rate (1)
-%
1.37%
3.88%
4.89%
4.53%
3.35%
1.37%
3.12 %
3.65 %
$
$
$
$
Remaining Capacity
294,000
294,000
Remaining Capacity
400,000
100,000
500,000
Available Term (years)
4.1
3.5
4.6
4.3
4.1
Available Term (years)
4.1
3.5
4.6
5.5
4.3
4.5
1. Rates presented exclude the impact of capitalized loan fee amortization.
2. The facility matures on August 11, 2026 and includes one-year extension option. Interest rate reflects the all-in borrowing rate on the last day of the quarter presented. Facility fees are charged at an annual rate of 0.15% of
the total facility size of $400 million, and are not included in the interest rate presented.
3. The term loan matures on January 15, 2026 and includes a one-year extension option. Interest rate consists of the fixed rate SOFR swap of 0.12%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%.
See the $175 million Term Loan - Interest Rate Schedule table for additional detail on the fixed interest rate changes through the fully extended maturity.
4. Interest rate consists of the fixed rate SOFR swap of 2.63%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%. The swap terminates of February 11, 2028.
5. The secured term loan was assumed as part of an asset acquisition during the third quarter of 2022.
6. The term loan matures July 3, 2026 and includes two one-year extension options and one six-month extension options. Interest rate consists of the fixed rate SOFR swap of 3.64%, plus a credit spread adjustment of 0.10%
and a borrowing spread of 1.15%.
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