Sila Realty Trust enters $250 million term loan maturing in 2027

By Mary-Katherine Stinson

Lexington, Ky., March 21 – Sila Realty Trust, Inc., Sila Realty Operating Partnership, LP and certain subsidiaries entered into a $250 million senior unsecured amended and restated term loan agreement with Truist Bank as administrative agent on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

The term loan matures on March 20, 2027 and may be increased to up to a total of $500 million with lender approval.

The loan can be extended for one year on up to two occasions, subject to the satisfaction of certain conditions, including the payment of an extension fee.

The loan was fully funded at closing.

Truist Securities, Inc., Wells Fargo Securities LLC and BofA Securities, Inc. are the joint lead arrangers and joint bookrunners, and Huntington National Bank, Renasant Bank and Hancock Whitney Bank are the co-documentation agents.

The new term loan ranks pari passu with the company’s existing facilities which, including this new agreement, have total commitments of $1.025 billion.

The 2027 amended and restated agreement was entered into to replace the company’s 2024 term loan agreement, which was paid off in its entirety upon closing.

The real estate investment trust is based in Tampa, Fla.

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