American Healthcare REIT, Inc. (AHR) has released an update.
On February 14, 2024, we secured a new credit facility totaling $1.15 billion, dubbed the 2024 Credit Facility, which includes a $600 million revolving credit line and a $550 million term loan. This new arrangement supersedes the previous 2022 agreement and carries interest rates tied to the Secured Overnight Financing Rate, with provisions for rate adjustments if SOFR can’t be determined. The agreement grants flexibility for repayment without penalties under specific conditions and includes a suite of financial covenants to ensure fiscal responsibility. Additionally, on February 21, we publicly announced this financial milestone, underlining our commitment to transparency and ongoing financial stewardship.
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