Camden Property Trust amends credit facility, ups revolver to $1.2B, adds $300M term loan

CAMDEN PROPERTY TRUST

Revolver increased from $900M to $1.2B; maturity extended to August 2026 from March 2023.
New $300M unsecured term loan with delayed draw, maturing August 2024 (extendable to August 2025).
Interest rate based on SOFR plus spread tied to credit rating; facility fee also rating-based.
Proceeds for general corporate purposes including debt repayment, development, acquisitions.
Certain subsidiaries guarantee obligations under the credit agreement.

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