Sila Realty Trust Secures $600 Million Credit Facility

The agreement expands Sila’s access to capital while aligning existing term loans under a unified structure.

February 20, 2025

Sila Expands Credit Capacity with New Facility

Sila Realty Trust has locked in a $600 million senior unsecured revolving credit facility, reinforcing its financial position and expanding its access to capital. The agreement, arranged with Bank of America, N.A. as the administrative agent, replaces the company’s previous $500 million credit line and introduces more flexibility for future growth.

Key Terms of the Credit Agreement

• Term Length: The facility runs through 2029, with options for two six-month extensions, subject to meeting specific conditions.


• Increased Borrowing Capacity: Sila can expand the facility up to $1.5 billion, pending lender approval.


• Interest Rates: Borrowings are tied to either a base rate or the Secured Overnight Financing Rate (SOFR), with margins adjusted based on leverage ratios.


• Efficiency Fees: The agreement includes fees for unused commitments to encourage capital efficiency.

Alongside this agreement, Sila updated two existing term loans with Truist Bank to align their terms with the new credit structure. These amendments apply to its 2027 amended and restated term loan and its 2028 term loan, ensuring consistency across financing arrangements.

Strengthening Financial Flexibility

With these financing updates, Sila now has access to a combined $1.125 billion in credit commitments. Borrowings under the new facility are backed by its operating partnership and select subsidiaries, reinforcing the company’s financial standing.

Positioned for Growth

Sila specializes in healthcare real estate investments, and this expanded credit capacity provides greater flexibility for acquisitions and operational expansion. The company’s ability to increase its borrowing limits or extend the facility ensures it can act on new opportunities while maintaining financial stability.

The updated credit facility reflects confidence in Sila’s long-term strategy, giving it the resources to navigate market conditions and execute its investment plans with agility.