IRT expands revolver to $750M, extends maturity to 2029, cuts interest margins 34 bps

INDEPENDENCE REALTY TRUST, INC.

Revolving credit facility increased from $500M to $750M; maturity extended from Jan 2026 to Jan 2029.
Weighted average margin reduced ~34 bps; SOFR+0.775% on revolver and SOFR+0.85% on $200M term loan at closing.
Proceeds for general corporate purposes; $214M drawn at closing.
Unsecured facility reflects investment grade ratings from Fitch and S&P and lower leverage ratio.
CEO cites strengthened balance sheet and lower interest costs creating long-term value.

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