debt
confidence high
sentiment neutral
materiality 0.60
KREF enters $550M term loan credit agreement, extends revolver to 2030
KKR Real Estate Finance Trust Inc.
- New $550M term loan facility matures March 5, 2032; replaces existing $350M term loan.
- Proceeds to repay existing term loan, other indebtedness, and for general corporate purposes.
- Tenth amendment to revolving credit agreement extends maturity to March 5, 2030 and increases commitments from $610M to $660M.
- Interest at Term SOFR + 3.25% or base rate + 2.25%; covenants unchanged.
- Goldman Sachs serves as administrative agent; financial covenants unchanged.