---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-24-000069"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2024-07-11T23:59:59+00:00"
generated_at: "2026-05-31T21:40:10.193319+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Elme Communities enters $500M revolver, replacing $700M facility and repaid term loan

## Summary
- New $500M unsecured revolver matures July 10, 2028; initial rate SOFR + 0.85% plus 0.10% adjustment, facility fee 0.20%.
- $167M drawn at closing; prior $700M revolver and $250M term loan (fully repaid) replaced.
- Option to increase commitments up to $1.0B with lender consent; two six-month extension options available.
- Amendment to existing term loan with Truist Bank aligns covenants; no change to maturity or pricing.
- No subsidiary guarantees required now; potential future guarantees if subsidiary guarantees >$200M other debt or incurs recourse debt.

## SEC filing metadata
- accession: 0000104894-24-000069
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2024-07-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489424000069/0000104894-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489424000069/elme-20240710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-24-000069
- JSON: https://secwatch.observer/filing/0000104894-24-000069.json
- Plain text: https://secwatch.observer/filing/0000104894-24-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.