Royal Oak Realty Trust (Operating Company) LLC
10/13/2026 | Press release | Distributed by Public on 10/13/2026 12:30
Royal Oak Secures $550 Million Credit Facility Deal
News
Royal Oak Secures $550 Million Credit Facility Deal
- October 13, 2026
- News
Royal Oak is pleased to announce the successful recast of our credit facility. The amended $550 million credit facility, comprised of a $350 million term loan and a $200 million revolving line of credit, significantly upsized Royal Oak's borrowing capacity and extended loan maturity dates. Notable highlights of the recast include the following:
- Oversubscribed: launched at $515M, received $665M in commitments
- Increased total credit facility capacity $135 million; from $415 million to $550 million
- Transitioned to a fully unsecured credit facility
- Reduced spreads by 20bps; total reduction of ~60bps since 2024
- Extended facility maturity dates from 2030 to 2032, inclusive of extension options (see charts below)
Please also note some updated statistics on our balance sheet as of October 13, 2026:
"We are fortunate to work with a responsive syndicate of banks led by The Huntington National Bank, Regions Bank, Truist Securities, Inc., and M&T Bank. Together with Associated Bank, our syndicate continues to demonstrate a strong commitment to Royal Oak, providing the support and financial flexibility necessary to execute our long-term growth strategy," said Charles Knittle, CPA, Royal Oak's Chief Financial Officer.
If you have any questions on this exciting update, please reach out to us directly. Thank you for your continued support and confidence in Royal Oak.
Royal Oak Realty Trust (Operating Company) LLC published this content on October 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 13, 2026 at 18:30 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]