EPR Properties secures commitments for new $1.0B revolver; repays $400M term loan

EPR PROPERTIES

New $1.0B four-year senior unsecured revolver to replace existing $1.0B revolver and $400M term loan; expected close early Q4 2021.
Repaid $400M term loan with cash on hand; post-repayment cash >$130M and zero drawn on existing revolver.
Facility includes accordion feature to increase total capacity to $2.0B, subject to lender consent.
Same pricing and financial covenants as existing facility, with improved valuation for certain asset types; two six-month extension options.
CEO cites strengthening investment pipeline for experiential real estate as customer operations ramp up.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.