Millrose Properties Amends Credit Agreement, Expanding to a $1.835 Billon Unsecured Facility With the Addition of a $500 Million Term Loan Commitment
Millrose Properties, Inc. Class A (MRP)
Company Research
Source: Business Wire
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the leading homesite option platform for residential homebuilders, today announced the closing of an amendment to its credit facility with JPMorgan Chase Bank, N.A. serving as administrative agent, adding a new $500 million term loan to expand floating rate unsecured debt capacity under the facility to $1.835 billion. The amended unsecured facility, replacing the previously secured revolving credit facility, combines the new Term Loan with a $1.335 billion unsecured revolving credit commitment, providing the Company with increased liquidity and financial flexibility to serve homebuilding partners across the country."This expansion to a fully unsecured credit facility reflects the strength of our balance sheet and deepens the liquidity and financial flexibility that allow us to serve our homebuilding partners with speed and confidence," said Darren Richman, Chief Executive Officer and President of Millrose.
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News
- Millrose Properties Amends Credit Agreement, Expanding to a $1.835 Billon Unsecured Facility With the Addition of a $500 Million Term Loan Commitment [Yahoo! Finance]Yahoo! Finance
- Millrose Properties raises quarterly dividend by 1.3% to $0.76/share [Seeking Alpha]Seeking Alpha
- Millrose Properties Announces Quarterly Dividend PaymentBusiness Wire
- Is Millrose Properties, Inc. (MRP) A Good Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
- A Look At Millrose Properties (MRP) Valuation After Strong Revenue And Earnings Figures [Yahoo! Finance]Yahoo! Finance
MRP
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/27/26 - Form 8-K
- 3/23/26 - Form 8-K
- MRP's page on the SEC website