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.
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