---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-049974"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:40:22.260994+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-049974
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000114036124049974/0001140361-24-049974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000114036124049974/ef20040398_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-049974
- JSON: https://secwatch.observer/filing/0001140361-24-049974.json
- Plain text: https://secwatch.observer/filing/0001140361-24-049974.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.