Millrose Properties, Inc. has entered into a definitive agreement to increase the size of its revolving credit facility. The filing, dated September 21, 2026, details the execution of a Commitment and Acceptance agreement among the company, Millrose Properties SPE LLC, MSAB, LLC, JPMorgan Chase Bank, N.A. (as administrative agent), and Flagstar Bank, N.A.
Under the terms of the agreement, Flagstar Bank, N.A., has been added as a new lender to the facility. Concurrently, Millrose has exercised an accordion feature within its existing credit agreement to increase the aggregate amount of commitments by $50 million.
The expansion raises the total commitment of the Revolving Credit Facility to $1.385 billion. The underlying credit agreement, originally dated March 25, 2026, was previously amended by Amendment No. 1 on August 5, 2026.
