EPR Properties signs $1.6 billion credit agreement; revolver maturity moves to 2030
On July 17, 2026, EPR Properties entered a Fifth Amended, Restated and Consolidated Credit Agreement with KeyBank National Association as administrative agent. It provides a $1.0 billion senior unsecured revolving credit facility and a $600.0 million senior unsecured delayed draw term loan facility, replacing the prior revolver and extending its maturity, and the filing says the amendments generally reduce interest rates on revolver loans. For shareholders, the filing describes more borrowing capacity and later maturities, but it does not include updated earnings or guidance.
Key points
- The $1.0 billion revolver matures July 17, 2030, with two six-month extension options; the $600.0 million term loan matures January 17, 2032.
- About $360.0 million of revolver availability was used at closing to repay debt under the prior revolving credit facility.
- An accordion feature allows the company to raise total maximum principal to $2.6 billion, with each participating lender's consent required.
- The term loan can be drawn until January 17, 2027; the press release says it addresses debt maturities in August and December 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 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 July 20, 2026.
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.