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NYSE: CTRE CareTrust REIT, Inc. 8-K

CareTrust REIT amends credit agreement, adds $700M term loan and $2.0B revolver

Filed October 30, 2026 · Period ending October 29, 2026 · ~1 min read

5 key changes 2 sections

Key Changes

  • medium

    Entered into a fourth amended and restated credit agreement with KeyBank as administrative agent, replacing the prior agreement dated December 18, 2024.

  • medium

    New $2.0 billion unsecured revolving credit facility, including a $300 million alternative currency subtranche, maturing February 9, 2031 with two six-month extension options.

  • medium

    New $700 million unsecured term loan facility maturing February 9, 2032; existing $500 million term loan continues with maturity May 30, 2030.

  • medium

    Revolver loans bear interest at SOFR plus 0.675% to 1.35%; term loans at SOFR plus 0.75% to 1.55%, based on debt ratings.

  • low

    Accordion feature allows up to $1.0 billion in additional revolving commitments or new term loan tranches, subject to lender commitments.

Summary

CareTrust REIT's operating partnership, with the company as guarantor, entered into a fourth amended and restated credit agreement with KeyBank National Association as administrative agent. The new agreement provides a $2.0 billion unsecured revolving credit facility, including a $300 million alternative currency subtranche, and adds a new $700 million unsecured term loan facility.

The existing $500 million term loan facility continues under the new agreement. Interest rates are based on SOFR plus a margin tied to the company's senior long-term unsecured debt ratings, ranging from 0.675% to 1.35% for revolver loans and 0.75% to 1.55% for term loans. The agreement also includes an accordion feature allowing up to $1.0 billion in additional commitments.

For retail holders, this filing expands the company's borrowing capacity and extends maturities, which supports liquidity and financial flexibility. The new term loan and larger revolver provide additional capital for acquisitions or general corporate purposes. The accordion feature offers further potential capacity, though no commitments for increases currently exist. The filing is a routine financing update with no red flags.

Section-by-Section Diff

Event · Item 2.03 — Creation of a Direct Financial Obligation

~41 words

Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).

1 Added
Added Item 2.03 — direct financial obligation (cross-ref) medium

Added in current filing · verify on EDGAR →

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated herein by reference.

The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.

Event · Item 1.01 — Entry into a Material Definitive Agreement

~1,500 words

CareTrust REIT amends and restates its credit agreement, adding a $700M term loan and $2.0B revolver.

1 Added
Show 1 minor / wording change
Added Accordion feature low

Added in current filing · verify on EDGAR →

the Operating Partnership may seek to increase the aggregate principal amount of the revolving commitments and/or establish one or more new tranches of term loans under the Credit Facility in an aggregate principal amount not to exceed $1.0 billion

The credit agreement includes an accordion feature allowing the Operating Partnership to increase revolving commitments or add new term loan tranches by up to $1.0 billion, subject to lender commitments and covenant compliance. The Company currently has no commitments for such increases.

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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 2, 2026 · How we verify