EPR Properties entered into a Fifth Amended, Restated and Consolidated Credit Agreement providing a $1.0 billion senior unsecured revolving credit facility and a $600 million senior unsecured delayed draw term loan. The facilities include a $300 million standalone foreign currency revolver, a shared $100 million letter-of-credit subfacility, and an accordion that can raise total capacity to $2.6 billion. Pricing is tied to the company's unsecured debt ratings, and maturities run to July 2030 for the revolver (with two six-month extensions) and January 2032 for the term loan. About $360 million of the new revolver was used at closing to repay borrowings under the prior facility.
Agreement details:
- Agreement type: Fifth Amended and Restated unsecured revolving credit and delayed draw term loan facilities
- Counterparty: KeyBank, as administrative agent, and other lenders
- Signed / Effective: Jul 17 2026 / same
- Duration / Termination: Revolver to Jul 17 2030 (up to 12-month extensions); Term loan to Jan 17 2032
- Reason: Refinance debt and enhance liquidity
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.