Loan & DebtSep 21, 2026, 04:56 PM
Millrose Properties Increases Credit Facility by $50M to $1.385B
AI Summary
Millrose Properties, Inc. has entered into a Commitment and Acceptance agreement to increase its Revolving Credit Facility by $50 million, bringing the total commitment to $1.385 billion. This action also includes the addition of Flagstar Bank, N.A. as a new lender under the facility. The company confirmed that all conditions precedent have been met and no default exists following this increase.
Key Highlights
- Millrose Properties, Inc. increased its Revolving Credit Facility commitment by $50 million.
- The total aggregate amount of commitments for the Revolving Credit Facility is now $1.385 billion.
- Flagstar Bank, N.A. has been added as a new lender under the Revolving Credit Facility.
- The increase was executed through a Commitment and Acceptance agreement under the existing Credit Agreement.
- The company confirmed no Default or Event of Default exists after giving effect to the increase.
Price Impact
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