secwatch.observer — SEC 8-K summary
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Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0000074208-24-000070
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR extends $1.3B revolver to Aug 2028 and $350M term loan to Jan 2027
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- Extended $1.3B revolving credit facility maturity to August 31, 2028, with two six-month extension options.
- Added one twelve-month extension option to $350M term loan, now maturing January 31, 2027.
- Revolving facility accordion allows total commitments up to $2.5B subject to lender commitments.
- Applicable margins: revolver at 77.5 bps, term loan at 85 bps; both subject to credit-rating-based ranges.
- Sustainability adjustments allow up to 2 bps reduction on term loan for green building certifications.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000070/0000074208-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000070/udr-20240814x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer