CareTrust REIT doubles unsecured revolver to $1.2B; S&P upgrades notes to BBB-

CareTrust REIT, Inc.

New $1.2B unsecured revolver (doubled from prior) matures Feb 2029, with two 6-month extension options.
S&P upgraded corporate rating to BB+ and issue-level rating on unsecured notes to BBB- (investment grade).
CEO states on pace to close ~$1.5B investments in 2024 (~7x annual avg); current pipeline ~$350M plus larger portfolios.
Facility allows up to $800M in additional commitments/term loans subject to lender consent and covenant compliance.
Bank group led by KeyBanc, BMO, JPMorgan, BofA, Wells Fargo; proceeds for working capital, capex, acquisitions.

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.