secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001628280-25-028748
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828025028748/0001628280-25-028748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828025028748/ctre-20250530.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-028748

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