---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-090378"
form_type: "8-K"
ticker: "MRP"
cik: "0002017206"
company_name: "Millrose Properties, Inc."
filed_at: "2025-06-26T23:59:59+00:00"
generated_at: "2026-05-18T18:33:11.915907+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Millrose Properties enters $1.0B delayed draw term loan facility to finance homesite acquisition

## Summary
- $1.0B delayed draw term loan facility with Goldman Sachs as admin agent, maturing June 23, 2026.
- Acquisition Tranche proceeds will fund purchase of homesites for New Home Company's acquisition of Landsea Homes (closed June 25, 2025).
- General Tranche Loans may be used for corporate purposes, including repaying existing revolver.
- Interest rate margins tied to leverage ratio: SOFR+2.00% to SOFR+3.25% depending on period and ratio.
- Facility secured by pledge of Millrose Holdings promissory note and equity interests.

## SEC filing metadata
- accession: 0000950170-25-090378
- form_type: 8-K
- ticker: MRP
- cik: 0002017206
- company_name: Millrose Properties, Inc.
- filed_at: 2025-06-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2017206/000095017025090378/0000950170-25-090378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2017206/000095017025090378/ck0002017206-20250624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-090378
- JSON: https://secwatch.observer/filing/0000950170-25-090378.json
- Plain text: https://secwatch.observer/filing/0000950170-25-090378.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.