debt
confidence high
sentiment neutral
materiality 0.55
RMR Group enters $100M senior secured revolver maturing 2028, boosts private capital flexibility
RMR GROUP INC.
- Entered a new $100M senior secured revolving credit facility with Citibank as administrative agent.
- Initial maturity January 22, 2028; includes one-year extension option at RMR's discretion.
- Variable interest at SOFR + 2.25% p.a.; undrawn commitment fee of 0.50% p.a.
- Facility is secured by substantially all of RMR's assets and will be used for general corporate purposes.
- Enhances financial flexibility to invest in private capital initiatives; RMR recently seeded a $70M multifamily investment and created $67M debt vehicle.