SEVENTH AMENDMENT AGREEMENT

Exhibit (k)(20)

SEVENTH AMENDMENT AGREEMENT

AMENDMENT AGREEMENT (“Amendment”) dated as of November 30, 2015 to the Committed Facility Agreement dated May 16, 2013 between BNP Paribas Prime Brokerage, Inc. (“BNPP PB, Inc”) and Nexpoint Credit Strategies Fund (“Customer”).

WHEREAS, BNPP PB, Inc and Customer previously entered into a Committed Facility Agreement dated as of May 16,2013 (as amended from time to time, the “Agreement”);

WHEREAS, the parties hereto desire to amend the Agreement as provided herein;

NOW THEREFORE, in consideration of the mutual agreements provided herein, the parties agree to amend the Agreement as follows:

1. Amendment to Section 6 (‘Scope of Committed Facility’)

Section 6 of the Agreement is hereby amended by replacing the following paragraph currently appearing therein:

“Notwithstanding the foregoing or anything to the contrary herein, on or after the occurrence of a Funding Event, BNPP PB, Inc. shall have the option to terminate the Agreement upon 29 days’ notice; provided that, if such 29th day is not a Business Day, then on the first Business Day immediately preceding the 29th day following such notice (the “Termination Date”). Upon termination resulting from the exercise of such option, BNPP PB, Inc. shall pay to Customer a fee equal to 10 bps on the amount of Maximum Commitment Financing on the Termination Date.”

With the following paragraph:

“Notwithstanding the foregoing or anything to the contrary herein, on or at any time after the occurrence of a Funding Event, BNPP PB. Inc. shall have the option to terminate the Agreement immediately upon notice. Upon termination resulting from the exercise of such option, BNPP PB, Inc. shall pay to Customer a fee equal to 10 bps on the amount of Maximum Commitment Financing.”

2. Representations

Each party represents to the other party that all representations contained in the Agreement are true and accurate as of the date of this Amendment and that such representations are deemed to be given or repeated by each party, as the case may be, on the date of this Amendment.

3. Miscellaneous

(a) Definitions. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings specified for such terms in the Agreement.

(b) Entire Agreement. The Agreement as amended and supplemented by this Amendment constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communications and prior writings (except as otherwise provided herein) with respect thereto. Except as expressly set forth herein, the terms and conditions of the Agreement remain in full force and effect.

(c) Counterparts. This Amendment may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.

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(d) Headings. The headings used in this Amendment are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Amendment.

(e) Governing Law. This Amendment will be governed by and construed in accordance with the laws of the State of New York (without reference to choice of law doctrine).

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IN WITNESS WHEREOF the parties have executed this Amendment with effect from the first date specified on the first page of this Amendment.

BNP PARIBAS PRIME BROKERAGE, INC.						NEXPOINT CREDIT STRATEGIES FUND
/s/ XX Xxxx						/s/ Xxxxx Xxxxx
Name:		XX Xxxx				Name:		Xxxxx Xxxxx
Title:		Managing Director				Title:		Chief Operating Officer
/s/ Xxxxxxx Xxxx
Name:		Xxxxxxx Xxxx
Title:		Managing Director

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