Strawberry Fields REIT, Inc. 8-K/A

What Happened
Strawberry Fields REIT, Inc. announced on Form 8-K that on June 18, 2026 it closed a Corporate Credit Facility (CCF) with availability up to $300 million through Popular Bank (agent and lender). Strawberry Fields Realty LP (SFRLP) executed a Term Loan and a Revolving Loan; SFRLP borrowed $100.0 million under the Term Loan and established a $200.0 million revolving credit line. The REIT (as SFRLP’s general partner) and certain real estate subsidiaries guaranteed the loans, which are secured by a portion of SFRLP’s assets.

Key Details

• Total facility size: $300,000,000 (Term Loan $100,000,000 drawn; Revolving Loan $200,000,000 capacity).
• Interest: greater of 1-month CME Term SOFR + 275 basis points or 5.50% per annum for both loans.
• Maturity: June 18, 2029, with two one‑year extension options.
• Use of proceeds: refinance existing secured bank debt, support acquisition growth, working capital and general corporate purposes.

Why It Matters
This credit facility provides the company with immediate liquidity (a $100M term draw and a $200M revolver) to refinance debt and fund growth and operations, reducing near‑term refinancing risk. Investors should note the loans are secured and guaranteed by the REIT and certain subsidiaries, which creates encumbrances and additional consolidated obligations. The interest rate includes a floor of 5.50% if SOFR remains low, so borrowing costs may be meaningful if rates rise.