secwatch.observer — SEC 8-K summary
======================================

Issuer:     COPT DEFENSE PROPERTIES (CDP)
CIK:        0000860546
Form:       8-K
Filed at:   2025-10-10T23:59:59+00:00
Accession:  0000860546-25-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

COPT Defense boosts revolving credit facility by $200M to $800M, extends maturity to 2029
--------------------------------------------------------------------------------

- Revolver commitment increased from $600M to $800M; total facility size (incl. term loan) now $925M.
- Maturity extended from Oct. 2026 to Oct. 2029; borrower may extend by two additional six-month periods.
- Accordion feature raised from $525M to $575M, allowing future increases up to $1.5B aggregate.
- Interest rate spreads adjusted: revolver SOFR +0.725%-1.400%; term loan SOFR +0.85%-1.700%.
- Term loan of $125M retains Jan. 2026 maturity with two 12-month extension options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860546/000086054625000042/0000860546-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860546/000086054625000042/cdp-20251006.htm
  HTML page:      https://secwatch.observer/filing/0000860546-25-000042

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