Janus Living Announces Closing of Upsized $1.25 Billion Revolving Credit Facility

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 the upsize of its $1.25 billion unsecured revolving credit facility.

The credit facility increases the existing total commitments from $600 million to $1.25 billion by increasing the revolving commitments by $750 million and terminating the prior $100 million unsecured delayed-draw term loan. The credit facility initially matures in March 2030 and may be extended pursuant to two six-month extension options.

Borrowings under the credit facility will continue to bear interest at SOFR plus 105 basis points based on Janus Living’s current leverage-based pricing grid, and carries a facility fee on the entire revolving commitment of 15 basis points per annum. The credit facility was undrawn at closing.

“We appreciate the strong support of our existing and new lender group for the successful upsize of our credit facility. The Janus Living platform is further strengthened by a balance sheet positioned for growth, with no outstanding debt and substantial capacity to pursue accretive external growth opportunities that generate long-term value for our shareholders,” said Kelvin Moses, Chief Financial Officer.

BofA Securities, Inc., JPMorgan Chase Bank, N.A., and Wells Fargo Securities, LLC served as Joint Lead Arrangers and Joint Bookrunners on the credit facility.

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.