Stratus subsidiary Holden Hills amends construction loan, increases commitment to $36M and extends maturity to Aug 2027

STRATUS PROPERTIES INC

Loan commitment increased by ~$9.9M to ~$36.0M for Holden Hills Phase 1 development in Austin, TX.
Maturity extended to August 8, 2027; interest rate set at 1-month SOFR + 3.00% with a 3.50% floor.
Outstanding balance as of June 10, 2026 is ~$12.6M with ~$12.8M available for future draws.
Holden Hills L.P. is a 50%-owned subsidiary of Stratus Properties; Stratus guarantees the loan.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

STRATUS PROPERTIES INC amended Third Modification Agreement, Amended and Restated Installment Note, and Second Installment Note with Fifth Third Bank, N.A., as successor by merger to Comerica Bank valued at approximately $9.9 million (effective 2026-06-08).

Action: amendment
Agreement: credit facility
Counterparty: Fifth Third Bank, N.A., as successor by merger to Comerica Bank
Value: approximately $9.9 million
Effective: 2026-06-08

Exact text from the filing

The Amendments (i) extend the maturity date to August 8, 2027; (ii) increase the principal amount of the Loan by approximately $9.9 million for a new total aggregate Loan commitment of the least of (a) approximately $36.0 million, (b) 29.0% of the total development costs or (c) the amount that would result in a maximum loan-to-value ratio of 30.0%; and (iii) document the applicable interest rate for amounts outstanding under the Loan as one-month Term Secured Overnight Financing Rate (with a floor of 0.50%), plus 3.00%, subject to a 3.50% floor.

View on SEC.gov

801 material agreements filed in the last 30 days. Browse all material agreements →

STRATUS PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0000885508-26-000031

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.