The facility provides significant liquidity for acquisitions and refinancing, which is credit-positive for the REIT. Monitor future draws on the revolver and any acquisition announcements. The interest rate floor of 5.50% provides some protection against rising rates but adds cost if SOFR falls below 275 bps.
Price Chart
Executive Summary
Strawberry Fields REIT closed a $300M Corporate Credit Facility with Popular Bank, consisting of a $100M term loan (drawn) and a $200M revolving credit facility (undrawn). The facility matures June 2029 with two one-year extension options and bears interest at the greater of 1-month SOFR + 275 bps or 5.50%. Proceeds will refinance existing secured bank debt and support acquisition growth and working capital.
Key Financial Metrics
Key Facts
- Closed $300M Corporate Credit Facility on June 18, 2026
- $100M term loan borrowed; $200M revolving credit facility available
- Interest rate: greater of 1-month SOFR + 275 bps or 5.50%
- Maturity June 18, 2029, with two one-year extension options
- Facility secured by assets of Strawberry Fields Realty LP and guaranteed by the Company and certain subsidiaries
- Proceeds to refinance existing secured bank debt, support acquisition growth, working capital, and general corporate purposes
Financial Impact
$300M total facility ($100M drawn term loan + $200M undrawn revolver) relative to $185M market cap; refinancing of existing secured debt likely reduces near-term refinancing risk
Risk Factors
- Increased leverage from drawn term loan and potential future revolver draws
- Interest rate exposure: SOFR + 275 bps could rise if short-term rates increase
- Facility secured by assets, increasing secured debt obligations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-029451 |
| Document: 0001493152-26-029451-index-headers.html | 0001493152-26-029451 |
| Document: 0001493152-26-029451-index.html | 0001493152-26-029451 |
| Document: 0001493152-26-029451.txt | 0001493152-26-029451 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | 424B5 | $13.73 | awaiting T+60 | — | $12.67 (−7.72%) |
Sep 18, 2026 5w ago | 8-K | $13.73 | awaiting T+60 | — | $12.67 (−7.72%) |
Sep 15, 2026 5w ago | Press Release | $13.93 | awaiting T+60 | — | $12.67 (−9.05%) |
Aug 6, 2026 11w ago | Press Release | $14.17 | awaiting T+60 | — | $12.67 (−10.59%) |
Jul 20, 2026 14w ago | Press Release | $13.85 $13.04 | ▼ −5.85% | ▼ −10.69% | $12.67 (−8.52%) |
Jun 22, 2026 18w ago | 8-K | $13.50 $13.93 | ▲ +3.19% | ▲ +1.44% | $12.67 (−6.15%) |
May 20, 2026 22w ago | 424B5 | $13.27 $13.60 | ▼ −2.49% | ▲ +1.81% | $12.67 (+4.52%) |
May 20, 2026 22w ago | 8-K | $13.27 $13.60 | ▲ +2.49% | ▼ −1.81% | $12.67 (−4.52%) |
May 8, 2026 24w ago | 8-K | $12.82 $14.19 | ▲ +10.69% | ▲ +5.85% | $12.67 (−1.17%) |
May 8, 2026 24w ago | Press Release | $12.82 $14.19 | ▲ +10.69% | ▲ +5.85% | $12.67 (−1.17%) |
US Market Status
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