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  "documentTitle": "Netstreit | IPO Presentation Deck | 33 slides",
  "authorId": "netstreit",
  "authorName": "Netstreit",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-08-01 00:00:00",
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  "pageNumber": 27,
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  "notes": "The slide highlights NETSTREIT's target leverage range of 4.5x-5.5x relative to peers.",
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      "kind": "callout",
      "text": "Proceeds from the IPO will be used to pay down revolver; a substantial majority of remaining proceeds, together with existing credit capacity, provide ample liquidity to fund acquisition pipeline",
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      "text": "Peer Metrics Comparison: Net Debt / EBITDA",
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      "text": "$250 million unsecured revolving credit facility due December 2023; Interest Rate: L + 1.25%; Pre-IPO projected outstanding balance of $36.9 million; $175 million unsecured term loan due December 2024; Interest Rate: L + 1.20%; No upcoming debt maturities until 2024",
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      "kind": "paragraph",
      "text": "The Company intends to maintain a conservative balance sheet strategy, enabling it to be well-positioned for sustainable growth",
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      "text": "Source: Public filings. 1. Peer Net Debt / EBITDA represent run-rate metrics as of Q1 2020, except ADC, FCPT and SRC, which are as of Q2, and do not contemplate capital raises subsequent to quarter end.",
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      "kind": "title",
      "text": "Balance Sheet Strategy",
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