KKR Real Estate Finance Trust Inc. announced the successful closing of a new Senior Secured Term Loan B, totaling an aggregate principal amount of $550 million. This new facility is due in 2032, significantly extending the company's debt maturity profile.
The Term Loan B was priced at 99.875% and carries an interest rate of SOFR plus 325 basis points. The proceeds from this financing are intended to repay the existing Term Loan B, which was due in 2027, and for general corporate purposes.
This strategic refinancing move enhances KREF's financial flexibility and strengthens its balance sheet by pushing out debt maturities. The new loan facility supports the company's ongoing capital management strategy and its ability to pursue investment opportunities.
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