Sila Realty Trust, Inc. (SILA): debt financing — Sila Realty Trust closes new $600M credit facility, maturing Feb 2029

Sila Realty Trust, Inc.

New $600M revolving credit facility replaces prior $500M line (maturity Feb 2026); accordion up to $1.5B.
Maturity Feb 2029 with two six-month extension options; margins: Base Rate 0.25%-0.90%, SOFR 1.25%-1.90%.
Combined with amended term loans, total aggregate commitments $1.125B; prior $500M facility was fully undrawn.
CFO highlights oversubscribed syndication and lender confidence; facility supports near-term external growth.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Sila Realty Trust, Inc. incurred revolving credit of up to $600,000,000, which may be increased to up to $1,500,000,000 with Bank of America, N.A. at Base Rate plus margin of 0.25% to 0.90% or SOFR plus margin of 1.25% to 1.90% maturing February 16, 2029.

Instrument: revolving credit
Principal: up to $600,000,000, which may be increased to up to $1,500,000,000
Counterparty: Bank of America, N.A.
Rate: Base Rate plus margin of 0.25% to 0.90% or SOFR plus margin of 1.25% to 1.90%
Maturity: February 16, 2029
Event: incurrence

Exact text from the filing

On February 18, 2025, Sila Realty Trust, Inc. (the “Company”), Sila Realty Operating Partnership, LP (“SROP”), and certain of the Company’s subsidiaries, entered into a senior unsecured revolving credit agreement (“2029 Revolving Credit Agreement”) with Bank of America, N.A., as Administrative Agent, for aggregate commitments available of up to $600,000,000, which may be increased, subject to lender approval, to an aggregate amount not to exceed $1,500,000,000.

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

Sila Realty Trust, Inc. amended term loan of Not restated; aggregate commitments across three facilities $1,125,000,000 with Truist Bank at Not restated in excerpt maturing Not restated in excerpt.

Instrument: term loan
Principal: Not restated; aggregate commitments across three facilities $1,125,000,000
Counterparty: Truist Bank
Rate: Not restated in excerpt
Maturity: Not restated in excerpt
Event: amendment

Exact text from the filing

2029 Revolving Credit Agreement, 2027 A&R Term Loan Agreement, and 2028 Term Loan Agreement are pari passu, and, collectively, have current aggregate commitments available of $1,125,000,000. Borrowings under the 2029 Revolving Credit Agreement are guaranteed by SROP, and certain subsidiaries of the Company. The material terms of the 2029 Revolving Credit Agreement,

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Sila Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001567925-25-000003

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