debt
confidence high
sentiment positive
materiality 0.50
FrontView REIT extends credit facility maturity to Oct. 3, 2028 and lowers SOFR margins
FrontView REIT, Inc.
- Amendment No. 5, dated Oct. 15, 2026, extends maturity of both the revolving credit facility and the term loan facility to October 3, 2028.
- Revolver margin now SOFR+1.00%-1.65% pre-investment grade (leverage-based), dropping to 0.675%-1.35% once an IG rating is obtained.
- Term loan margin set at SOFR+1.15%-1.75% pre-IG and 0.75%-1.55% post-IG.
- Usage-based commitment fee replaced by a facility fee of 0.15%-0.30% pre-IG and 0.125%-0.30% post-IG; ratings may come from S&P, Moody's or Fitch.
- If leverage is 35% or less with a Baa2/BBB (or Baa3/BBB-) rating, pricing steps up to the next better rating tier.