NETSTREIT Corp. Enters Material Definitive Agreement

Ticker: NTST · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1798100

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

NETSTREIT just signed a big deal with new financial obligations.

AI Summary

On January 15, 2025, NETSTREIT Corp. entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations, with the report filed on January 17, 2025.

Why It Matters

This filing indicates a significant new financial commitment or obligation for NETSTREIT Corp., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that warrant investor attention.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by NETSTREIT Corp. on January 15, 2025?

The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted on January 17, 2025.

What is NETSTREIT Corp.'s state of incorporation and IRS Employer Identification Number?

NETSTREIT Corp. is incorporated in Maryland and its IRS Employer Identification Number is 84-3356606.

Where are NETSTREIT Corp.'s principal executive offices located?

NETSTREIT Corp.'s principal executive offices are located at 2021 McKinney Avenue, Suite 1150, Dallas, Texas 75201.

What is the SEC file number for NETSTREIT Corp.?

The SEC file number for NETSTREIT Corp. is 001-39443.

Filing Stats: 1,955 words · 8 min read · ~7 pages · Grade level 12.2 · Accepted 2025-01-17 17:00:54

Key Financial Figures

Filing Documents

01. Entry into Material Definitive Agreements

Item 1.01. Entry into Material Definitive Agreements. On January 15, 2025 (the "Closing Date"), NETSTREIT, L.P. (the "Borrower") and NETSTREIT Corp. (the "Company") entered into (i) that certain Second Amended and Restated Credit Agreement (the "Amended Wells Fargo Credit Agreement"), by and among the Borrower, the Company, the several institutions party thereto, as lenders, and Wells Fargo Bank, National Association ("Wells Fargo"), as Administrative Agent, (ii) that certain Amended and Restated Credit Agreement (the "Amended PNC Credit Agreement"), by and among the Borrower, the Company, the several institutions party thereto, as lenders, and PNC Bank, National Association ("PNC"), as Administrative Agent; and (iii) that certain First Amendment to Term Loan Agreement (the "Truist Amendment Agreement"), by and among the Borrower, the Company, the several institutions party thereto, as lenders, and Truist Bank ("Truist"), as Administrative Agent. The Amended Wells Fargo Credit Agreement amends and restates in its entirety that certain Amended and Restated Credit Agreement, dated as of June 15, 2023 (as amended prior to the Closing Date, the "Existing Wells Fargo Credit Agreement"), by and among the Borrower, the Company, the financial institutions party thereto, as lenders, and Wells Fargo, as Administrative Agent. The Amended PNC Credit Agreement amends and restates in its entirety that certain Credit Agreement, dated as of August 11, 2022 (as amended prior to the Closing Date, the "Existing PNC Credit Agreement"), by and among the Borrower, the Company, the financial institutions party thereto, as lenders, and PNC, as Administrative Agent. The Truist Amendment Agreement amends the terms of that certain Credit Agreement, dated as of June 3, 2023 (as amended prior to the Closing Date, the "Existing Truist Credit Agreement" and, as amended by the Truist Amendment Agreement, the "Amended Truist Credit Agreement"), by and among the Borrower, the Company, the financia

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Description 10.1# Second Amended and Restated Credit Agreement, dated January 15, 2025, by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent. 10.2# Amended and Restated Credit Agreement, dated January 15, 2025, by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and PNC Bank, National Association, as Administrative Agent. 10.3# As-Amended Term Loan Agreement, dated June 3, 2023, by and among NETSTREIT, L.P., NETSTREIT Corp., the several institutions party thereto, as lenders, and Truist Bank, as Administrative Agent (reflecting the amendments set forth in the First Amendment to the Term Loan Agreement, dated January 15, 2025). 104 Cover page interactive data file (embedded within the inline XBRL document). # Certain of the exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NETSTREIT Corp. January 17, 2025 /s/ DANIEL DONLAN Date Daniel Donlan Chief Financial Officer and Treasurer (Principal Financial Officer)

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