CareTrust REIT Secures New $500 Million Term Loan to Fuel Growth and Strengthen Healthcare Portfolio

Reuters
06-02
CareTrust REIT Secures New $500 Million Term Loan to Fuel Growth and Strengthen Healthcare Portfolio

CareTrust REIT Inc. has announced the successful amendment of its existing credit agreement with KeyBank National Association and a consortium of leading financial institutions, resulting in a new $500 million unsecured term loan. This financing enhances CareTrust's financial flexibility and supports its continued investment in healthcare assets. The term loan, which will help pay off a revolver balance of approximately $475 million, also provides funds for acquisitions and general corporate purposes. It features an initial maturity in May 2030 and includes an uncommitted accordion feature allowing for up to $800 million in additional borrowing capacity. The move strengthens CareTrust's capital foundation and positions the company for sustained growth in its healthcare portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareTrust REIT Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250602530284) on June 02, 2025, and is solely responsible for the information contained therein.

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