03:32 AM EST, 01/23/2025 (MT Newswires) -- RMR Group ( RMR ) said late Wednesday it has entered into a new $100 million senior secured revolving credit facility with an initial maturity date of Jan. 22, 2028, and a one-year extension option.

Cash drawn under the credit facility will bear annual interest based on the secured overnight financing rate plus a margin of 2.25%, the asset management company said.

The credit facility will be used for general corporate purposes, the company said.