M&A - VINEBROOK HOMES TRUST, INC.
Form Type: 8-K
Filing Date: 2025-07-01
Corporate Action: Acquisition
Type: New
Accession Number: 000143774925021744
Filing Summary: On June 25, 2025, VineBrook Homes Trust, Inc. announced the entry into a loan agreement for up to $500 million with JPMorgan Chase Bank. A portion of this funding, $13.7 million, was used for an acquisition of a 77-unit townhome community in Pensacola, Florida for $18.3 million. The loan facility is interest-only, matures on July 9, 2027, and has a potential extension option. The company has guaranteed various terms within the loan agreement, including adherence to financial covenants and debt yield thresholds. The completion of the acquisition was reported in conjunction with this financing arrangement.
Additional details:
Loan Amount: 500000000
Amount Borrowed: 13700000
Acquisition Price: 18300000
Acquisition Location: Pensacola, Florida
Property Type: townhome community
Units Acquired: 77
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