secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2021-08-26T23:59:59+00:00
Accession:  0000104894-21-000080
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Washington REIT enters $700M revolving credit facility, extends maturity to 2025
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- Second Amended and Restated Credit Agreement provides $700M revolving credit facility maturing August 26, 2025.
- Existing $250M term loan facility continues, maturing July 21, 2023; no revolving loans drawn at closing.
- Pricing: LIBOR + 0.70%-1.40% (revolver) and LIBOR + 0.85%-1.75% (term loan), based on credit rating.
- Facility includes sustainability-linked pricing adjustment and option to increase total commitments to $1.5B.
- Financial covenants unchanged: max total-debt/total-asset value 0.60x, min adjusted EBITDA/fixed charges 1.50x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489421000080/0000104894-21-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489421000080/wre-20210826.htm
  HTML page:      https://secwatch.observer/filing/0000104894-21-000080

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