Janus Living, a senior housing real estate investment trust, announced it has closed on a new $600 million credit facility designed to strengthen liquidity and support future growth initiatives.
The financing package consists of two components: a $500 million unsecured revolving credit facility and a $100 million unsecured delayed-draw term loan. The revolving facility matures in March 2030 and includes two six-month extension options, while the term loan matures in March 2031.
Borrowings under the revolving facility will carry interest at SOFR plus 105 basis points, and the term loan will bear interest at SOFR plus 110 basis points, based on the company’s current leverage pricing grid. At closing, the entire credit facility remained undrawn.
Following the transaction, Janus Living reported total liquidity of approximately $1.5 billion, including unrestricted cash and available borrowing capacity. The company indicated that the enhanced liquidity position will be used to fund future growth opportunities and general corporate purposes.
The credit facility was arranged by BofA Securities as sole bookrunner, with BofA Securities, JPMorgan, and Wells Fargo Securities acting as joint lead arrangers.
Janus Living operates as a pure-play senior housing REIT, owning and managing communities across the United States focused on delivering high-quality, amenity-rich environments for residents.
