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AI brief of an SEC Form 8-K · CareTrust REIT (CTRE)

CareTrust REIT adds $500 million unsecured term loan under amended KeyBank credit agreement

Neutral Impact 3 of 5 financing Written later

CareTrust REIT amended its credit agreement with KeyBank on May 30, 2025, adding a $500 million unsecured term loan alongside its $1.2 billion revolving facility. The company expects to use the term loan to pay down about $475 million of revolver balance, fund acquisitions and for general corporate purposes, which adds new debt that shareholders should weigh against the company's leverage.

Key points

  • Term facility of $500 million matures May 30, 2030, with no required interim repayments and prepayment allowed without premium
  • Pricing is base rate plus 0.10% to 0.80%, or Term SOFR plus 1.10% to 1.80%, based on debt to asset value ratio
  • Revolving facility remains at $1.2 billion; company expects to use term loan to pay off about $475 million revolver balance
  • Term facility is guaranteed by the company and its wholly owned subsidiaries that are party to the credit agreement

The filing

CompanyCareTrust REIT (CTRE)
Form8-K, current report
Filed with the SECJun 2, 2025, 8:16 AM ET
Accession number0001628280-25-028748

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 02, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.