Loan & DebtJun 22, 2026, 06:12 AM
Strawberry Fields REIT Secures $300M Corporate Credit Facility
AI Summary
Strawberry Fields REIT, Inc. closed a $300 million Corporate Credit Facility (CCF) on June 18, 2026. The facility comprises a $100 million Term Loan and a $200 million Revolving Loan, both maturing on June 18, 2029, with potential extensions. The loans bear interest at a rate based on 1-month CME Term SOFR or 5.50%. The company plans to use the proceeds to refinance existing secured bank debt, fund acquisition growth, and for general corporate purposes.
Key Highlights
- Closed $300 million Corporate Credit Facility on June 18, 2026.
- Facility includes a $100 million Term Loan and a $200 million Revolving Loan.
- Both loans mature on June 18, 2029, with two one-year extension options.
- Interest rate is the greater of 1-month CME Term SOFR + 275 bps or 5.50%.
- Proceeds will refinance existing debt, support acquisition growth, and for working capital.
- Loans are secured by SFRLP assets and guaranteed by Strawberry Fields REIT.
Price Impact
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