CareTrust REIT adds $700 million term loan under amended credit agreement
CTRE•CareTrust REIT's CTR Partnership entered a $3.2 billion amended credit agreement on Oct. 29, 2026, including a new $700 million unsecured term loan maturing in 2032.
1. Credit agreement details
The amended agreement includes a $2 billion unsecured revolving credit facility maturing Feb. 9, 2031, with two six-month extension options, and an existing $500 million term loan maturing May 30, 2030. It also permits up to $1 billion in additional commitments or term loans, subject to lender commitments and financial covenant compliance.
2. Loan margins
SOFR-based margins range from 0.68% to 1.35% for revolving loans and from 0.75% to 1.55% for term loans. KeyBank is the administrative agent.
