debt
confidence high
sentiment neutral
materiality 0.50
KREF amends credit facility to $535M and repurchase facility to $750M
KKR Real Estate Finance Trust Inc.
- Revolving credit facility borrowing capacity increased to $535M, matures March 16, 2027.
- Borrowings bear interest at Term SOFR + 2.00% or Alternate Base Rate + 1.00%.
- MUFG repurchase agreement facility increased from $500M to $750M, matures July 27, 2024.
- Facility finances commercial mortgage loan origination/acquisition; Opco guarantees up to 25% of purchase price.
- Both facilities include customary affirmative and negative covenants.