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  4. [8-K/A] Strawberry Fields REIT, Inc. Amends Material Event Report

Strawberry Fields REIT (STRW) closes $300M term and revolving credit deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

Strawberry Fields REIT, Inc. entered into a new corporate credit facility providing up to $300 million of financing. Its operating partnership borrowed $100 million under a Term Loan and put in place a $200 million revolving credit facility with Popular Bank.

Both the Term Loan and Revolving Loan bear interest at the greater of the 1‑month CME Term SOFR plus 275 basis points or 5.50% annually, and each matures on June 18, 2029 with two one‑year extension options. The loans are secured by a portion of the partnership’s assets and are guaranteed by the REIT and certain real estate subsidiaries.

The company plans to use the credit facility to refinance existing secured bank debt and to fund acquisition growth, working capital, and general corporate purposes, giving it additional flexibility for expansion and balance sheet management.

Positive

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Insights

$300M facility refinances debt and adds flexible growth capital.

The new corporate credit facility gives Strawberry Fields REIT up to $300 million in combined term and revolving debt capacity. A $100 million Term Loan is already drawn, while a $200 million revolver adds on-demand liquidity for acquisitions and working capital.

Both tranches carry a floating rate of 1‑month CME Term SOFR plus 275 bps, with a floor at 5.50%, and mature on June 18, 2029 with two one‑year extensions. The loans are secured by partnership assets and guaranteed by the REIT and certain subsidiaries, so leverage and collateral coverage become key considerations.

The filing states proceeds will refinance existing secured bank debt and support acquisition growth, working capital, and general corporate purposes. Actual leverage levels and cash flows from future acquisitions, as disclosed in subsequent filings, will shape how this facility affects risk and returns.

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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Corporate Credit Facility size $300,000,000 Total availability under Corporate Credit Facility
Term Loan principal $100,000,000 Borrowed by Strawberry Fields Realty LP under Term Loan
Revolving Loan capacity $200,000,000 Size of revolving credit facility
Interest rate floor 5.50% per annum Minimum rate on Term and Revolving Loans
Spread over SOFR 275 basis points Margin over 1‑month CME Term SOFR
Maturity date June 18, 2029 Loan maturity before extension options
Corporate Credit Facility financial
"closed on its previously announced Corporate Credit Facility (“CCF”) with availability up to $300 million"
Term Loan and Security Agreement financial
"entered into (i) a Term Loan and Security Agreement and related Term Loan Note"
Revolving Loan and Security Agreement financial
"and (ii) a Revolving Loan and Security Agreement and related Revolving Loan Note"
1-month CME Term SOFR Rate financial
"bears interest at a rate per annum equal to the greater of (i) 1-month CME Term SOFR Rate plus 275 basis points"
emerging growth company regulatory
"Emerging growth company Item 1.01 Entry into a Material Definitive Agreement."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

What did Strawberry Fields REIT (STRW) announce in this 8-K/A?
Strawberry Fields REIT disclosed closing a new corporate credit facility with total availability up to $300 million. It combines a funded $100 million Term Loan and a $200 million revolving credit line with Popular Bank to refinance debt and support growth.

How large is Strawberry Fields REIT’s new credit facility and how is it structured?
The facility totals $300 million, consisting of a $100 million Term Loan and a $200 million revolving credit facility. The Term Loan is fully borrowed, while the revolver provides additional liquidity that can be drawn as needed for acquisitions and corporate purposes.

What interest rate applies to Strawberry Fields REIT’s new loans?
Both the Term Loan and Revolving Loan bear interest at the greater of the 1‑month CME Term SOFR plus 275 basis points, or a fixed floor of 5.50% per year. This structure ties borrowing costs to short-term rates while ensuring a minimum yield for the lender.

When do Strawberry Fields REIT’s new Term Loan and Revolving Loan mature?
Both facilities mature on June 18, 2029, giving the company medium-term funding visibility. They also include two one‑year extension options, which could push the final maturity further, subject to meeting agreed conditions with Popular Bank as administrative agent.

How will Strawberry Fields REIT use the proceeds from the new credit facility?
The company plans to use the corporate credit facility to refinance existing secured bank debt and to fund acquisition growth, working capital, and general corporate purposes. This supports both balance sheet management and potential expansion of its real estate portfolio.

What collateral and guarantees support Strawberry Fields REIT’s new loans?
The Term Loan and Revolving Loan are secured by a continuing security interest in a portion of Strawberry Fields Realty LP’s assets. They are guaranteed by Strawberry Fields REIT, Inc., as general partner, and by certain real estate subsidiaries, strengthening lender protection.

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

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true Amendment No. 1 0001782430 0001782430 2026-06-22 2026-06-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported) June 25, 2026 (June 22, 2026)

 

Strawberry Fields REIT, Inc.

(Exact name of registrant as specified in its charter)

 

Maryland   001-41628   84-2336054

(State or other jurisdiction

of incorporation)

  

(Commission

file number)

  

(IRS employer

identification no.)

         
6101 Nimtz Parkway       46628
South Bend, Indiana       (Zip Code)
(Address of principal executive offices)        

 

(574) 807-0800

(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 (see General Instruction A.2. below):

 

☐ 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 registered   Trading Symbol(s)   Name of exchange on which registered
Common Stock, $0.0001 par value   STRW   NYSE American

 

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

 

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 June 18, 2026, Strawberry Fields REIT, Inc. (the “Company”) closed on its previously announced Corporate Credit Facility (“CCF”) with availability up to $300 million.

 

Strawberry Fields Realty LP (“SFRLP”), entered into (i) a Term Loan and Security Agreement and related Term Loan Note (together, the “Term Loan”) and (ii) a Revolving Loan and Security Agreement and related Revolving Loan Note with Popular Bank, as administrative agent and lender. Strawberry Fields REIT, Inc., SFRLP’s General Partner, guaranteed the obligations under the Term Loan and the Revolving Loan.

 

Pursuant to the Term Loan, SFRLP borrowed $100,000,000. The Term Loan bears interest at a rate per annum equal to the greater of (i) 1-month CME Term SOFR Rate plus 275 basis points or (ii) 5.50%. The Term Loan matures on June 18, 2029, subject to two one-year extension options. The Term Loan is secured by a continuing security interest in a portion of the assets of SFRLP. The Term Loan is guaranteed by the Company and certain real estate subsidiaries of the Company.

 

Pursuant to the Revolving Loan, SFRLP established a $200,000,000 revolving credit facility. The Revolving Loan bears interest at a rate per annum equal to the greater of (i) 1-month CME Term SOFR Rate plus 275 basis points or (ii) 5.50%. The Revolving Loan matures on June 18, 2029, subject to two one-year extension options. The Revolving Loan is secured by a continuing security interest in a portion of the assets of SFRLP. The Revolving Loan is guaranteed by the Company and certain real estate subsidiaries of the Company.

 

The proceeds of the CCF will be used to refinance existing secured bank debt, support acquisition growth, working capital and general corporate purposes.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

Number

   Exhibit Name   Filed Herewith
10.1   Term Loan and Security Agreement   *
         
10.2   Term Loan Note   *
         
10.3  

Revolving Loan and Security Agreement

   *
         
10.4   

Revolving Loan Note

   *
         
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.

 

STRAWBERRY FIELDS REIT, INC.  
     
Date: June 25, 2026  
     
By: /s/ Moishe Gubin  
  Moishe Gubin  
  Chief Executive Officer and Chairman  

 

 

Source: View Original Filing on SEC EDGAR

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