GMRE extends $400M revolver, splits $350M term loan to 2031

Q: What did GMRE (GMRE) change in its credit facility?

The company extended the $400M revolver to October 2029 with an option to extend to October 2030, split the $350M term loan into three tranches ($100M due October 2029, $100M due October 2030, $150M due April 2031), and removed a 0.10% SOFR spread adjustment.

Global Medical REIT Inc. amended its credit facilities to extend maturities and reprice a spread adjustment.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Global Medical REIT Inc. amended its credit facilities to extend maturities and reprice a spread adjustment. The $400M revolver maturity is extended to October 2029 with two six-month extension options exercisable by the company to push the maturity to October 2030. The existing $350M term loan is split into three tranches: a $100M term loan maturing October 2029, a $100M term loan maturing October 2030, and a $150M term loan maturing April 2031. The amendment also removes a prior 0.10% (10 basis point) SOFR credit spread adjustment on all facility borrowings.

Positive

Revolver maturity extended to October 2029 with optional extension to October 2030
Term loan restructured into staggered maturities ($100M, $100M, $150M) through April 2031
Removed the prior 0.10% SOFR credit spread adjustment, modestly reducing borrowing costs

Negative

Concentrated maturities at October 2029 and October 2030 still present refinancing risk
Details missing on covenant changes, fees, and other pricing terms that could affect cost of capital

Insights

TL;DR: The amendment lengthens maturities and modestly reduces borrowing cost sensitivity.

The facility changes push cashflow pressure further into the future by moving the $400M revolver and splitting the $350M term loan into staggered maturities through April 2031, which smooths near-term refinancing needs. Removing the 0.10% SOFR spread adjustment slightly lowers the effective rate on outstanding and future borrowings tied to SOFR.

These changes reduce near-term liquidity risk but leave medium-term refinancing exposure concentrated around October 2029 and October 2030. Monitor covenant terms, utilization of the revolver, and interest-rate amendments ahead of those maturities within the next 12–24 months.

TL;DR: Staggered term maturities improve rollover flexibility but require active treasury execution.

Splitting the original term loan into $100M, $100M, and $150M tranches creates predictable repayment nodes at October 2029, October 2030, and April 2031, enabling targeted refinancing or cash planning for each tranche. Extending the revolver to October 2029 (with optional extension to October 2030) preserves a committed liquidity backstop for near-term needs.

Risk remains if market conditions deteriorate before each maturity; tracking market SOFR levels and lender sentiment into October 2029 will be important for execution planning.

8-K Event Classification

4 items: 1.01, 2.03, 7.01, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GMRE (GMRE) change in its credit facility?

The company extended the $400M revolver to October 2029 with an option to extend to October 2030, split the $350M term loan into three tranches ($100M due October 2029, $100M due October 2030, $150M due April 2031), and removed a 0.10% SOFR spread adjustment.

How does removing the 0.10% SOFR spread adjustment affect GMRE's borrowing costs?

Removal of the 0.10% spread adjustment reduces the marginal interest charged on SOFR-linked borrowings by 0.10%, lowering interest expense versus the prior arrangement for facility borrowings.

When are the key maturities after the amendment?

Key maturities are October 2029 (revolver and a $100M term tranche), October 2030 (optional revolver extension and a $100M tranche), and April 2031 (a $150M tranche).

Does the amendment remove refinancing risk for GMRE?

No. While the amendment pushes maturities later and staggers term loan repayments, refinancing risk remains concentrated around October 2029 and October 2030.

Are there details on covenant or fee changes in the filing?

The disclosed text does not provide specifics on covenant amendments, fees, or other pricing changes beyond the spread removal and maturity adjustments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/08/2025 - 04:25 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 8, 2025

Global Medical REIT Inc.

(Exact name of registrant as specified in its charter)

Maryland

001-37815

46-4757266

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

7373 Wisconsin Avenue, Suite 800

Bethesda, MD

20814

(Address of Principal Executive Offices)

(Zip Code)

(202) 524-6851

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbols:	Name of each exchange on which registered:
Common Stock, par value $0.001 per share	GMRE	NYSE
Series A Preferred Stock, par value $0.001 per share	GMRE PrA	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01

Entry into a Material Definitive Agreement.

On October 8, 2025, Global Medical REIT Inc. (the “Company”), Global Medical REIT L.P. (the “Operating Partnership”), as borrower, and certain subsidiaries of the Operating Partnership (such subsidiaries, the “Subsidiary Guarantors”) entered into a third amended and restated credit agreement (the “Third A&R Credit Facility”) with JPMorgan Chase Bank, N.A., as administrative agent, which contains the following material amendments to the Company’s previous credit facility:

Extends the maturity date of the existing $400 million revolver component of the credit facility to October 2029 with two, six-month extension options available at the Company’s election to extend the maturity to October 2030; and

Extends the maturity of the existing $350 million term loan, dividing it into three term loans structured as follows:

$100 million term loan maturing in October 2029;

$100 million term loan maturing in October 2030; and

$150 million term loan maturing in April 2031; and

Removes the previous 0.10% (10 basis point) secured overnight financing rate (“SOFR”) credit spread adjustment on all credit facility borrowings.

The credit facility’s pricing grid, $150 million term loan that matures in February 2028, and $500 million accordion feature remains unchanged in the Third A&R Credit Facility.

The above description of the terms and conditions of the Third A&R Credit Facility is only a summary of the material amendments to the Company’s previous credit facility and is not intended to be a complete description of the terms and conditions. All of the terms and conditions of the Third A&R Credit Facility are set forth in the Third A&R Credit Facility, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference.

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information disclosed above in Item 1.01 is incorporated by reference.

Item 7.01.

Regulation FD Disclosure.

On October 8, 2025, the Company issued a press release announcing the Third A&R Credit Facility. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

The information under Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.		Description
10.1		Third Amended and Restated Credit Agreement, dated October 8, 2025, by and among Global Medical REIT L.P., Global Medical REIT Inc., the certain subsidiaries from time-to-time party thereto as guarantors, and JPMorgan Chase Bank, N.A., as administrative agent, and the several banks, financial institutions and other entities from time-to-time party thereto as lenders
99.1		Press Release dated October 8, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Global Medical REIT Inc.


	By:		/s/ Jamie A. Barber
			Jamie A. Barber
			Secretary and General Counsel

Date: October 8, 2025

Source: View Original Filing on SEC EDGAR

GMRE extends $400M revolver, splits $350M term loan to 2031