EPR Properties signs $1.6 billion amended credit agreement - EPR News | RalliesEPR Properties signs $1.6 billion amended credit agreement
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EPR• EPR Properties amends credit facilities
- EPR Properties entered a Fifth Amended, Restated and Consolidated Credit Agreement for a $1.6 billion senior unsecured package.
- Financing includes an amended $1 billion revolving credit facility, replacing the existing revolver, with maturity extended to July 17, 2030.
- The package adds a new $600 million senior unsecured delayed draw term loan, available to draw until Jan. 17, 2027, and maturing Jan. 17, 2032.
- The agreement includes a $1 billion accordion, lifting total potential borrowing capacity to $2.6 billion, subject to lender consent.
- Revolver pricing was reduced, and covenant asset value calculations now include expected cash proceeds from qualified forward equity contracts.
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