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Get filing alertsStrawberry Fields closes up to $300M credit facility: $100M term loan, $200M revolver at SOFR+275bps
Filed June 22, 2026 · Period ending June 22, 2026 · ~1 min read
Key Changes
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Closed up to $300M credit facility on June 18: $100M term loan borrowed immediately, $200M revolver available for draws. Both priced at SOFR+275bps or 5.50% floor, maturing June 2029 with two one-year extension options.
Item 1.01 verify on EDGAR → -
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Proceeds will refinance existing secured bank debt, fund acquisition growth, and support working capital. The facility is secured by company assets and guaranteed by the parent REIT and certain subsidiaries.
Item 1.01 verify on EDGAR →
Summary
Strawberry Fields REIT closed a $300 million credit facility on June 18, 2026, consisting of a $100 million term loan (fully drawn) and a $200 million revolving credit facility. Both components carry identical pricing—SOFR plus 275 basis points with a 5.50% floor—and mature in June 2029, with options to extend up to two additional years. The facility is secured by company assets and guaranteed by the parent REIT and certain subsidiaries.
The company will use the proceeds to refinance existing secured bank debt, which may improve its debt maturity profile, and to fund acquisition growth and working capital needs. The $200 million revolver provides flexible borrowing capacity for future corporate purposes. For a REIT focused on property acquisitions, this facility establishes a capital base for near-term expansion while consolidating existing debt obligations under standardized terms.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 18, 2026, Strawberry Fields REIT, Inc. (the “Company”) closed on its previously announced Corporate Credit Facility (“CCF”) with availability up to $300 million.
The company closed a $300 million credit facility on June 18, 2026. This facility was previously announced and provides the company with significant borrowing capacity for refinancing debt and funding growth.
Added in current filing · verify on EDGAR →
Pursuant to the Revolving Loan, SFRLP established a $200,000,000 revolving credit facility. The Revolving Loan bears interest at a rate per annum equal to the greater of (i) 1-month CME Term SOFR Rate plus 275 basis points or (ii) 5.50%. The Revolving Loan matures on June 18, 2029, subject to two one-year extension options.
The company established a $200 million revolving credit facility with the same pricing and maturity terms as the term loan. This provides flexible borrowing capacity for working capital and corporate purposes. The revolver is also secured and guaranteed by the company and subsidiaries.
Added in current filing · verify on EDGAR →
The proceeds of the CCF will be used to refinance existing secured bank debt, support acquisition growth, working capital and general corporate purposes.
The company will use the credit facility proceeds to refinance existing secured debt, fund acquisitions, and support working capital needs. This refinancing may improve the company's debt maturity profile and provide capital for growth initiatives.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify