Vinebrook Homes Trust Restates Credit Facility
| Field | Detail |
|---|---|
| Company | Vinebrook Homes Trust, Inc. |
| Form Type | 8-K |
| Filed Date | Aug 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $10.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, debt, amendment
TL;DR
Vinebrook Homes Trust just updated its $250M credit line, effective Aug 7, 2025.
AI Summary
On August 7, 2025, Vinebrook Homes Trust, Inc. entered into a material definitive agreement, specifically a Second Amended and Restated Credit Agreement. This agreement involves a $250 million senior secured revolving credit facility, which amends and restates the previous credit agreement dated December 18, 2023.
Why It Matters
This amendment to Vinebrook's credit facility provides updated terms and potentially impacts its borrowing capacity and financial flexibility for future operations and investments.
Risk Assessment
Risk Level: low — The filing is a routine amendment to an existing credit agreement, not indicating new or significant risks.
Key Numbers
- $250 million — Senior Secured Revolving Credit Facility (This is the total amount available under the credit facility as amended.)
Key Players & Entities
- Vinebrook Homes Trust, Inc. (company) — Registrant
- August 7, 2025 (date) — Date of earliest event reported
- $250 million (dollar_amount) — Senior secured revolving credit facility amount
- December 18, 2023 (date) — Date of previous credit agreement
FAQ
What is the primary purpose of the Second Amended and Restated Credit Agreement?
The agreement amends and restates the existing credit agreement dated December 18, 2023, to update its terms.
What is the total value of the senior secured revolving credit facility?
The total value of the facility is $250 million.
When did the new credit agreement become effective?
The earliest event reported in the filing is August 7, 2025, indicating the effective date of the agreement.
What type of credit facility is this?
It is a senior secured revolving credit facility.
What was the date of the previous credit agreement that this filing amends?
The previous credit agreement was dated December 18, 2023.
Filing Stats: 727 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2025-08-13 17:05:01
Key Financial Figures
- $10.0 million — "), as borrower, entered into a secured $10.0 million revolving credit loan agreement with Th
Filing Documents
- vhti20250812_8k.htm (8-K) — 28KB
- ex_852403.htm (EX-10.1) — 548KB
- 0001437749-25-026571.txt ( ) — 803KB
- noticker-20250807.xsd (EX-101.SCH) — 4KB
- noticker-20250807_def.xml (EX-101.DEF) — 11KB
- noticker-20250807_lab.xml (EX-101.LAB) — 15KB
- noticker-20250807_pre.xml (EX-101.PRE) — 11KB
- vhti20250812_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. On August 7, 2025, VineBrook Homes Operating Partnership, L.P. (the "Borrower"), the operating partnership of VineBrook Homes Trust, Inc. (the "Company"), as borrower, entered into a secured $10.0 million revolving credit loan agreement with The Ohio State Life Insurance Company ("OSL"), as administrative agent, sole lead arranger, sole bookrunner and lender (the "Credit Agreement"). The Credit Agreement bears interest at 9.0% per annum, is secured by certain equity interests of the Borrower, is guaranteed by the Company and has a maturity date of August 7, 2027. Amounts outstanding under the Credit Agreement may not exceed the borrowing base. The Credit Agreement includes an unused line fee at a rate of 0.50% per annum on the unused borrowing capacity under the Credit Agreement. Amounts owed under the Credit Agreement may be prepaid at any time without premium or penalty. The Credit Agreement also contains representations and warranties, affirmative and negative covenants and events of default that the Company considers customary for an agreement of this type, including covenants setting a maximum debt to capital ratio, a minimum net asset value and a minimum net operating income level. If an event of default occurs, OSL may require the immediate repayment of all outstanding borrowings and accrued and unpaid interest thereon. This description of the material terms of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 1.01. OSL may be deemed to be an affiliate of NexPoint Real Estate Advisors V, L.P., the Company's external Adviser, through common beneficial ownership.
03
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in Item 1.01 of this Current Report on Form 8-K regarding the Credit Agreement is incorporated by reference in this Item 2.03.
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibits Exhibit No. Description 10.1 Credit Agreement, dated August 7, 2025, by and among VineBrook Homes Operating Partnership, L.P., as borrower and The Ohio State Life Insurance Company as administrative agent, sole lead arranger, sole bookrunner and lender. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. Dated: August 13, 2025 VineBrook Homes Trust, Inc. By: /s/ Paul Richards Name: Paul Richards Title: Chief Financial Officer, Assistant Secretary and Treasurer