---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-127640"
form_type: "8-K"
ticker: "MRP"
cik: "0002017206"
company_name: "Millrose Properties, Inc."
filed_at: "2026-03-27T23:59:59+00:00"
generated_at: "2026-05-15T08:43:14.111122+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Millrose closes $1.835B unsecured credit facility, adds $500M term loan

## Summary
- New facility: $1.335B revolver + $500M term loan, total $1.835B unsecured.
- Matures March 25, 2030; interest at SOFR + 2.00%-2.50% based on leverage.
- Proceeds for general corporate purposes and to refinance existing secured debt.
- Prior secured facility liens released; facility replaces secured revolving credit.
- CEO cites greater liquidity to serve homebuilding partners; floating-rate debt matches option contracts.

## SEC filing metadata
- accession: 0001193125-26-127640
- form_type: 8-K
- ticker: MRP
- cik: 0002017206
- company_name: Millrose Properties, Inc.
- filed_at: 2026-03-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2017206/000119312526127640/0001193125-26-127640-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2017206/000119312526127640/d68102d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-127640
- JSON: https://secwatch.observer/filing/0001193125-26-127640.json
- Plain text: https://secwatch.observer/filing/0001193125-26-127640.txt

## Source-grounded claims
- claim_id: 65ebeabe5b2112fa590890c6971445ac4a3b64d5
  claim: Millrose Properties, Inc. incurred term loan of aggregate amount of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus an applicable margin at the per annum rate of (i) 2 maturing March 25, 2030.
  evidence_excerpt: The Credit Agreement provides for (i) a four-year revolving credit facility with commitments in an aggregate amount of $1.335 billion, (ii) a delayed draw term loan facility in an aggregate amount of $500 million that may be utilized during the first year following the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/2017206/000119312526127640/0001193125-26-127640-index.htm
- claim_id: d0ab3fae8bf614e16f178f6f77722be007278ec8
  claim: Millrose Properties, Inc. incurred credit facility of aggregate amount of $1.335 billion with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus an applicable margin at the per annum rate of (i) 2 maturing March 25, 2030.
  evidence_excerpt: The Credit Agreement provides for (i) a four-year revolving credit facility with commitments in an aggregate amount of $1.335 billion, (ii) a delayed draw term loan facility in an aggregate amount of $500 million that may be utilized during the first year following the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/2017206/000119312526127640/0001193125-26-127640-index.htm
- claim_id: d26593cc43694ba160e1196357ef3d3e5575d480
  claim: Millrose Properties, Inc. amended Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.335 billion (effective 2026-03-25).
  evidence_excerpt: entered into that certain Amended and Restated Credit Agreement (the “Credit Agreement”) with the lenders party thereto, the issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders, which amended and restated the Company’s prior credit agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2017206/000119312526127640/0001193125-26-127640-index.htm

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