Janus Living Inc. (NYSE: JAN) closed on a $600 million credit facility consisting of a $500 million unsecured revolving credit facility and a $100 million unsecured delayed-draw term loan facility, according to a company statement.

The revolving facility allows borrowing up to $500 million and matures in March 2030, with two six-month extension options available. The term loan includes a delayed-draw feature and matures in March 2031.

Interest rates on the revolving facility are set at SOFR plus 105 basis points, while the term loan carries SOFR plus 110 basis points, based on the company's current leverage-based pricing grid. The credit facility was undrawn at closing.

As of March 23, 2026, Janus Living reported total liquidity of approximately $1.5 billion, including unrestricted cash and undrawn credit facility capacity. The senior housing REIT plans to use the available liquidity to fund future growth and general corporate purposes.

BofA Securities Inc. served as sole bookrunner for the credit facility. BofA Securities, JPMorgan, and Wells Fargo Securities acted as joint lead arrangers.

Janus Living operates as a senior housing real estate investment trust that owns communities across the United States.