secwatch.observer — SEC 8-K summary
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Issuer:     Millrose Properties, Inc. (MRP)
CIK:        0002017206
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0000950170-25-090378
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2017206/000095017025090378/0000950170-25-090378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2017206/000095017025090378/ck0002017206-20250624.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-090378

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