debt
confidence high
sentiment positive
materiality 0.50
Millrose Properties amends credit agreement, reduces interest rate by 0.25%
Millrose Properties, Inc.
- Amendment reduces SOFR margin by 0.25% across all leverage levels (new range 1.75%-2.25%).
- Base rate margin also cut by 0.25% (new range 0.75%-1.25%); fee rate unchanged.
- Consent fee of 0.05% of commitment paid to lenders agreeing to repricing.
- Effective August 5, 2026; no default or event of default occurred.
- JPMorgan Chase Bank remains administrative agent; all existing lenders consented.