A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
delayed-draw term loanfinancial
A delayed-draw term loan is a loan arrangement where a lender agrees in advance to provide a fixed amount of money that the borrower can take out at one or more later dates, rather than receiving the cash all at once. It matters to investors because it gives a company a guaranteed source of funding when needed, affecting its short-term cash security, future interest costs and overall debt load—similar to having a reserved line of credit for planned expenses or deals.
term loan facilityfinancial
A term loan facility is a type of loan provided by a lender that is repaid over a set period of time, usually with fixed payments. It functions like a large, upfront loan that a borrower agrees to pay back gradually, often used to fund major investments or projects. For investors, understanding a company's use of such loans helps assess its financial stability and risk level.
sofrfinancial
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
basis pointsfinancial
Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.
leverage-based pricing gridfinancial
A leverage-based pricing grid is a structured schedule that sets fees, interest rates or margins based on how much borrowed money (leverage) a customer uses; higher leverage typically triggers higher costs. Think of it like a taxi meter that charges more per mile the faster or farther you go — it links price to risk and size. Investors care because this grid directly affects borrowing costs, potential returns and the effective risk of leveraged positions.
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DENVER--(BUSINESS WIRE)--
Janus Living, Inc. (NYSE: JAN) (“Janus Living”), a pure-play senior housing real estate investment trust (REIT), announced today that it has closed on a new $500 million unsecured revolving credit facility (the “Revolving Facility”) and a $100 million unsecured delayed-draw term loan facility (the “Term Loan”, and together with the Revolving Facility, the “Credit Facility”).
The Revolving Facility provides for borrowing up to $500 million and matures in March 2030, with two six-month extension options. The $100 million Term Loan includes a delayed-draw feature and matures in March 2031.
Borrowings under the Revolving Facility and Term Loan bear interest at SOFR plus 105 and 110 basis points, respectively, based on Janus Living’s current leverage-based pricing grid. The Credit Facility was undrawn at closing.
As of March 23, 2026, Janus Living had total liquidity of approximately $1.5 billion, including unrestricted cash and undrawn Credit Facility capacity. Janus Living expects to use its available liquidity to fund future growth and for general corporate purposes.
The Credit Facility was arranged by BofA Securities, Inc. as Sole Bookrunner. BofA Securities, JPMorgan, and Wells Fargo Securities served as Joint Lead Arrangers.
ABOUT JANUS LIVING
Janus Living, Inc. is a pure-play senior housing real estate investment trust (REIT) that owns high-quality communities across the United States that support residents with thoughtfully designed, highly amenitized environments. For more information regarding Janus Living, visit www.janusreit.com.
