American Healthcare REIT, Inc. (AHR): debt financing — AHR amends credit facility to $1.15B, repays $721M debt, updates occupancy and acquisition

American Healthcare REIT, Inc.

Credit facility: $600M revolver (matures Feb 2028) and $550M term loan (matures Jan 2027), replacing 2022 facility.
Repaid ~$721M debt at 7.53% weighted avg rate, reducing line-of-credit balance to $747M at 5.91% effective rate.
Annual interest expense savings of ~$54M from debt paydown; leverage metrics improved.
Same-store SHOP occupancy rose to 82.6% (from 78.8% Q3 2023); Integrated Senior Health Campuses at 87.6% (up from 86.6%).
Acquired 856-bed Oregon senior housing portfolio with $94.5M assumed debt at 4.54% fixed rate, managed by Compass Senior Living.

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

American Healthcare REIT, Inc. amended credit facility of aggregate maximum principal amount up to $1,150,000,000 with Bank of America, N.A. at Daily Simple Secured Overnight Financing Rate, or Daily SOFR, plus the Applicabl maturing February 14, 2028 for Revolving Loans; January 19, 2027 for Term Loan.

Instrument: credit facility
Principal: aggregate maximum principal amount up to $1,150,000,000
Counterparty: Bank of America, N.A.
Rate: Daily Simple Secured Overnight Financing Rate, or Daily SOFR, plus the Applicabl
Maturity: February 14, 2028 for Revolving Loans; January 19, 2027 for Term Loan
Event: amendment

Exact text from the filing

as a joint lead arranger and sole bookrunner for the revolving facility and the term loan facility, to obtain a credit facility with an aggregate maximum principal amount up to $1,150,000,000, or the 2024 Credit Facility. The 2024 Credit Facility consists of a senior unsecured revolving credit facility in the initial aggregate amount of $600,000,000 and a senior

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

American Healthcare REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001632970-24-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.