Sila Realty Trust, Inc. (SILA): debt financing — Sila Realty Trust closes $250M senior unsecured term loan, replaces 2024 facility

Sila Realty Trust, Inc.

New $250M term loan fully funded at closing; maturity March 2027, with two one-year extension options.
Accordion feature allows increase up to $500M, subject to lender approval.
Interest rate at SOFR plus 1.25%-1.90% margin; fully hedged via swaps at 2.3% all-in through Dec 2024.
Replaced prior term loan due Dec 2024; total credit facilities now aggregate $1.025B.
Lenders include Truist, Wells Fargo, BofA; syndication oversubscribed per CFO.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sila Realty Trust, Inc. incurred term loan of $250,000,000 with Truist Bank (Administrative Agent), Truist Securities, Inc., Wells Fargo Securities LLC, BofA Securities, Inc., The Huntington National Bank, Renasant Bank, Hancock Whitney Bank maturing March 20, 2027.

Instrument: term loan
Principal: $250,000,000
Counterparty: Truist Bank (Administrative Agent), Truist Securities, Inc., Wells Fargo Securities LLC, BofA Securities, Inc., The Huntington National Bank, Renasant Bank, Hancock Whitney Bank
Maturity: March 20, 2027
Event: incurrence

Exact text from the filing

other lenders listed as lenders in the 2027 A&R Term Loan Agreement. The 2027 A&R Term Loan Agreement, which was fully funded at closing, is made up of aggregate commitments of $250,000,000, which may be increased, subject to lender approval, to an aggregate amount not to exceed $500,000,000. The 2027 A&R Term Loan Agreement has a maturity date of March 20, 2027, and,

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Source: SEC EDGAR

accession 0001567925-24-000013

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