Sila Realty Trust Announces New $600 Million Revolving Credit Facility

TAMPA, Fla., February 19, 2025--(BUSINESS WIRE)--Sila Realty Trust, Inc. (NYSE: SILA) (the "Company," "we" or "our"), a net lease real estate investment trust ("REIT") with a strategic focus on investing in the significant, growing, and resilient healthcare sector, today announced the closing of a new $600 million revolving credit facility (the "Revolving Credit Agreement"), and also entered into conforming amendments to its outstanding term loans in connection with the Revolving Credit Agreement.

"We are pleased to announce the closing of the new Revolving Credit Agreement, which should provide the Company with ample liquidity to execute on our near-term external growth objectives," stated Kay C. Neely, the Company’s Executive Vice President and Chief Financial Officer. "We believe that the successful syndication, resulting in a significant oversubscription, highlights our deep-rooted relationships with our lenders along with their belief in the strength of Sila. The increase in initial availability provides the Company with expanded flexibility which supports our ongoing commitment to creating long-term value for our shareholders. We greatly appreciate the continued support from our lenders and their confidence in Sila."

The Revolving Credit Agreement has an initial term of four years, maturing in February 2029, and includes two six-month extension options that can be exercised at the Company’s election.

The Revolving Credit Agreement is made up of aggregate commitments of $600 million, which may be increased through an accordion feature, subject to lender approval, to an aggregate amount up to $1.5 billion. The Revolving Credit Agreement was entered into to replace the Company’s prior $500 million revolving line of credit, which was fully undrawn, had a maturity date in February 2026, and included two six-month extension options.

At the Company’s election, borrowings under the Revolving Credit Agreement may be made as Base Rate loans or Secured Overnight Financing Rate ("SOFR") loans. The applicable margins for borrowings is adjustable based on a total leverage ratio, ranging from 0.25% to 0.90% for Base Rate loans, or 1.25% to 1.90% for SOFR loans.

Bank of America, N.A. is serving as the Administrative Agent of the Revolving Credit Agreement, with BofA Securities, Inc., Truist Securities, Inc., Wells Fargo Securities, LLC, BMO Bank N.A. and The Huntington National Bank, as Co-Syndication Agents, Joint Lead Arrangers and Joint Book Runners, and Citibank, N.A. as Documentation Agent.

About Sila Realty Trust, Inc.
Sila Realty Trust, Inc., headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the significant, growing, and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients. As of December 31, 2024, the Company owned 135 real estate properties, and two undeveloped land parcels, located in 65 markets across the U.S. For more information, please visit the Company's website at www.silarealtytrust.com.