Akin Advises Millrose Properties in $1.8 Billion Credit Facility

In relation to a $1.835 billion borrower-side unsecured credit facility, which consists of a $1.335 billion revolving credit facility and a $500 million delayed-draw term loan facility with a maturity of March 25, 2030, Akin provided advice to Millrose Properties, Inc., the top homesite option platform for residential homebuilders. Additionally, the facility has an uncommitted accordion feature that allows for up to $2.5 billion in total commitments.