CareTrust REIT adds $500M unsecured term loan facility, extends liquidity

CareTrust REIT, Inc.

Added $500M unsecured term loan facility maturing May 30, 2030, alongside existing $1.2B revolver.
Term loan priced at SOFR + 1.10%-1.80% or base rate + 0.10%-0.80%, based on leverage ratio.
Proceeds expected to pay off ~$475M revolver balance, fund acquisitions, and for general corporate purposes.
Term loan has no interim amortization; prepayment permitted without premium or penalty.
Amendment also removed SOFR credit spread adjustment on revolver loans.

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