Strawberry Fields REIT, Inc. 8-K

What Happened

• On June 18, 2026, Strawberry Fields REIT, Inc. closed a Corporate Credit Facility (CCF) providing up to $300 million in availability. Strawberry Fields Realty LP (SFRLP) entered into (i) a $100,000,000 Term Loan and (ii) a $200,000,000 Revolving Loan with Popular Bank as administrative agent and lender. The Company (as SFRLP’s general partner) and certain real estate subsidiaries guaranteed the loans. Both loans mature June 18, 2029 and include two one‑year extension options.

Key Details

• Term Loan: $100,000,000 borrowed at closing; interest = greater of (i) 1‑month CME Term SOFR + 275 bps or (ii) 5.50% per year; matures 6/18/2029, two one‑year extensions.
• Revolving Loan: $200,000,000 committed revolving facility; interest = same formula as Term Loan; matures 6/18/2029, two one‑year extensions.
• Security & Guarantees: Both loans are secured by a continuing security interest in portions of SFRLP’s assets and guaranteed by the REIT and certain real estate subsidiaries.
• Use of proceeds: Refinance existing secured bank debt, support acquisitions, working capital and general corporate purposes.
• Administrative note: The loan documents/exhibits will be filed by amendment to the 8‑K by June 25, 2026.

Why It Matters

• The facility provides the company with multi‑year liquidity and borrowing flexibility (a $200M revolver plus a $100M term loan) to refinance debt and support acquisitions and operations. Investors should note the interest floor (5.50%) sets a minimum borrowing cost and the loans are secured and guaranteed, which may affect asset encumbrance and the company's leverage profile. The new financing establishes the company’s medium‑term financing plan through 2029, subject to the stated extension options.