NexPoint Raises $404.5M in Series B Preferred Stock Offering, Launches Series C

NexPoint Real Estate Finance has closed its Series B Preferred Stock offering, raising $404.5 million. The company has also launched a new Series C Preferred Stock offering with a $200 million target. The Series C offering will have an 8.00% coupon rate and a price to the public of $25.00 per share. The Series B offering was fully subscribed, meeting its initial target of $400 million.