Sila Realty Trust Announces New $600 Million Revolving Credit Facility
Sila Realty Trust (NYSE: SILA) has announced the closing of a new $600 million revolving credit facility, replacing its previous $500 million facility. The new agreement matures in February 2029, with two six-month extension options, and includes an accordion feature that could increase the total amount to $1.5 billion, subject to lender approval.
The facility offers flexible borrowing options through Base Rate loans (0.25% to 0.90% margin) or SOFR loans (1.25% to 1.90% margin), with rates adjustable based on total leverage ratio. The company's previous facility was fully undrawn and had a February 2026 maturity date. Bank of America leads the facility as Administrative Agent, with multiple major banks serving as Co-Syndication Agents.
Sila Realty Trust (NYSE: SILA) ha annunciato la chiusura di un nuovo prestito rotativo da 600 milioni di dollari, che sostituisce la sua precedente linea di credito da 500 milioni. Il nuovo accordo scade a febbraio 2029, con due opzioni di estensione di sei mesi, e include una caratteristica di accordione che potrebbe aumentare l'importo totale a 1,5 miliardi di dollari, soggetto all'approvazione dei finanziatori.
La struttura offre opzioni di prestito flessibili attraverso prestiti a tasso base (margine dallo 0,25% allo 0,90%) o prestiti SOFR (margine dall'1,25% all'1,90%), con tassi regolabili in base al rapporto di leva totale. La precedente linea di credito dell'azienda non era stata utilizzata e scadeva a febbraio 2026. Bank of America guida la struttura come Agente Amministrativo, con diverse banche importanti che fungono da Co-Agenti di Sindacazione.
Sila Realty Trust (NYSE: SILA) ha anunciado el cierre de una nueva línea de crédito revolvente de 600 millones de dólares, reemplazando su anterior línea de 500 millones. El nuevo acuerdo vence en febrero de 2029, con dos opciones de extensión de seis meses, e incluye una característica de acordeón que podría aumentar el monto total a 1.5 mil millones de dólares, sujeto a la aprobación de los prestamistas.
La línea ofrece opciones de préstamo flexibles a través de préstamos a tasa base (margen del 0.25% al 0.90%) o préstamos SOFR (margen del 1.25% al 1.90%), con tasas ajustables según el ratio de apalancamiento total. La línea anterior de la compañía no había sido utilizada y tenía una fecha de vencimiento en febrero de 2026. Bank of America lidera la línea como Agente Administrativo, con varios bancos importantes actuando como Co-Agentes de Sindicación.
시라 리얼티 트러스트 (NYSE: SILA)는 새로운 6억 달러 규모의 회전 신용 시설의 마감을 발표했으며, 이는 이전의 5억 달러 시설을 대체합니다. 새로운 계약은 2029년 2월에 만료되며, 6개월 연장 옵션이 두 개 있으며, 대출자의 승인을 조건으로 총 금액을 15억 달러로 늘릴 수 있는 아코디언 기능이 포함되어 있습니다.
이 시설은 기본 금리 대출(0.25% ~ 0.90% 마진) 또는 SOFR 대출(1.25% ~ 1.90% 마진)을 통해 유연한 대출 옵션을 제공하며, 이자율은 총 레버리지 비율에 따라 조정됩니다. 회사의 이전 시설은 전액 미사용 상태였으며 2026년 2월 만료 예정이었습니다. 뱅크 오브 아메리카는 관리 에이전트로서 이 시설을 이끌며, 여러 주요 은행이 공동 주선 에이전트로 참여하고 있습니다.
Sila Realty Trust (NYSE: SILA) a annoncé la clôture d'une nouvelle ligne de crédit renouvelable de 600 millions de dollars, remplaçant sa précédente ligne de 500 millions. Le nouvel accord arrive à échéance en février 2029, avec deux options de prolongation de six mois, et comprend une fonctionnalité accordéon qui pourrait augmenter le montant total à 1,5 milliard de dollars, sous réserve de l'approbation des prêteurs.
La ligne offre des options de prêt flexibles via des prêts à taux de base (marge de 0,25 % à 0,90 %) ou des prêts SOFR (marge de 1,25 % à 1,90 %), avec des taux ajustables en fonction du ratio de levier total. La ligne précédente de l'entreprise n'avait pas été utilisée et avait une date d'échéance en février 2026. La Bank of America dirige la ligne en tant qu'Agent Administratif, avec plusieurs grandes banques agissant en tant qu'Agents de Co-Syndication.
Sila Realty Trust (NYSE: SILA) hat den Abschluss einer neuen Revolving-Kreditlinie über 600 Millionen Dollar bekannt gegeben, die die vorherige Linie über 500 Millionen Dollar ersetzt. Die neue Vereinbarung läuft im Februar 2029 aus, mit zwei Optionen zur Verlängerung um sechs Monate, und umfasst eine Akkordeon-Funktion, die den Gesamtbetrag auf 1,5 Milliarden Dollar erhöhen könnte, vorbehaltlich der Genehmigung durch die Kreditgeber.
Die Kreditlinie bietet flexible Kreditoptionen durch Basiszinssatz-Darlehen (Margin von 0,25% bis 0,90%) oder SOFR-Darlehen (Margin von 1,25% bis 1,90%), wobei die Zinssätze basierend auf dem Gesamtverschuldungsverhältnis anpassbar sind. Die vorherige Kreditlinie des Unternehmens war vollständig ungenutzt und hatte eine Fälligkeit im Februar 2026. Die Bank of America führt die Kreditlinie als Administrativer Agent, während mehrere große Banken als Co-Syndikationsagenten fungieren.
- Secured larger credit facility ($600M vs previous $500M)
- Facility was significantly oversubscribed, indicating strong lender confidence
- Extended maturity date to 2029 from 2026
- Potential to increase facility up to $1.5B through accordion feature
- None.
Insights
The new
The facility's structure offers three key strategic benefits: First, the accordion feature allowing expansion up to
The participation of multiple tier-one banks as joint lead arrangers, including Bank of America, Truist, and Wells Fargo, adds credibility and suggests potential access to additional capital market opportunities. The undrawn status of their previous facility indicates disciplined capital management, while the increased size of the new facility positions them well for strategic healthcare real estate acquisitions in a sector characterized by stable cash flows and demographic tailwinds.
“We are pleased to announce the closing of the new Revolving Credit Agreement, which should provide the Company with ample liquidity to execute on our near-term external growth objectives,” stated Kay C. Neely, the Company’s Executive Vice President and Chief Financial Officer. “We believe that the successful syndication, resulting in a significant oversubscription, highlights our deep-rooted relationships with our lenders along with their belief in the strength of Sila. The increase in initial availability provides the Company with expanded flexibility which supports our ongoing commitment to creating long-term value for our shareholders. We greatly appreciate the continued support from our lenders and their confidence in Sila.”
The Revolving Credit Agreement has an initial term of four years, maturing in February 2029, and includes two six-month extension options that can be exercised at the Company’s election.
The Revolving Credit Agreement is made up of aggregate commitments of
At the Company’s election, borrowings under the Revolving Credit Agreement may be made as Base Rate loans or Secured Overnight Financing Rate (“SOFR”) loans. The applicable margins for borrowings is adjustable based on a total leverage ratio, ranging from
Bank of America, N.A. is serving as the Administrative Agent of the Revolving Credit Agreement, with BofA Securities, Inc., Truist Securities, Inc., Wells Fargo Securities, LLC, BMO Bank N.A. and The Huntington National Bank, as Co-Syndication Agents, Joint Lead Arrangers and Joint Book Runners, and Citibank, N.A. as Documentation Agent.
About Sila Realty Trust, Inc.
Sila Realty Trust, Inc., headquartered in
Forward-Looking Statements
Certain statements contained herein, other than historical fact, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and other similar terms and phrases, including references to the Company’s liquidity to execute on its near-term external growth objectives, the Company’s creation of long-term value for its shareholders, and the Company's ability to increase its commitment under or extend the term of the Revolving Credit Agreement. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the Company's expectations, and you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and could materially affect the Company's results of operations, financial condition, cash flows, performance or future achievements or events. Additional factors include those described under the section entitled Item 1A. "Risk Factors" of Part I of the Company's 2023 Annual Report on Form 10-K, as filed with the SEC on March 6, 2024, and the risk factors described under section Item 1A. "Risk Factors" of Part II of our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024, copies of which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
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Miles
833-404-4107
IR@silarealtytrust.com
Source: Sila Realty Trust, Inc.
FAQ
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