NEXPOINT RESIDENTIAL TRUST, INC. : Other Events (form 8-K)

Item 8.01. Other Events.

On January 3, 2020, NexPoint Residential Trust, Inc. (the "Company"), through its operating partnership, NexPoint Residential Trust Operating Partnership, L.P., entered into an interest rate swap transaction with KeyBank National Association (the "Swap"). The Company entered into the Swap to fix a portion of, and mitigate the risk associated with, the Company's floating rate indebtedness (without incurring substantial prepayment penalties or defeasance costs typically associated with fixed rate indebtedness). The Swap has an effective date of January 3, 2020 and a termination date of September 1, 2026. Beginning on February 1, 2020, the Company will be required to make monthly fixed rate payments of 1.609% calculated on a notional amount of $92.5 million, while the counterparty will be obligated to make monthly floating rate payments based on one-month LIBOR to the Company referencing the same notional amount.

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