Sila Realty Trust announces $600M revolving credit facility

Sila Realty Trust (SILA) announced the closing of a new $600 million revolving credit facility, and also entered into conforming amendments to its outstanding term loans in connection with the Revolving Credit Agreement. 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 $600 million, which may be increased through an accordion feature, subject to lender approval, to an aggregate amount up to $1.5 billion. The Revolving Credit Agreement was entered into to replace the Company’s prior $500 million revolving line of credit, which was fully undrawn, had a maturity date in February 2026, and included two six-month extension options.