CareTrust REIT renews revolver, extending maturity to 2027

By Marisa Wong

Los Angeles, Dec. 19 – CareTrust REIT, Inc. announced it has renewed its unsecured revolving credit facility and extended the maturity date to February 2027.

The amended revolver and continued unsecured term loan have grid-based pricing of adjusted SOFR plus 110 basis points to 155 bps and adjusted SOFR plus 150 bps to 220 bps, respectively.

Additionally, the credit facility carries an accordion feature which allows CareTrust REIT to seek an additional $500 million of capacity when exercised, subject to customary terms and conditions.

CareTrust is a real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties.

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