---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-26-000031"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2026-06-12T20:08:54+00:00"
generated_at: "2026-06-12T20:22:02.652108+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885508-26-000031
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2026-06-12T20:08:54+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550826000031/0000885508-26-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550826000031/strs-20260608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-26-000031
- JSON: https://secwatch.observer/filing/0000885508-26-000031.json
- Plain text: https://secwatch.observer/filing/0000885508-26-000031.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550826000031/0000885508-26-000031-index.htm

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