08:32 AM EDT, 03/27/2026 (MT Newswires) -- Millrose Properties ( MRP ) said Friday it amended its credit facility to add a $500 million term loan, boosting its floating rate unsecured debt capacity under the facility to about $1.84 billion.

The amended unsecured facility replaces the previously secured revolving credit facility, bears interest based on adjusted term SOFR plus 2% to 2.5% margin, and matures on March 25, 2030, according to the company.

Millrose said proceeds will be used for general corporate purposes, including refinancing debt.

JPMorgan Chase (JPM) Bank serves as the administrative agent for the credit facility.