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

Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0000906345-22-000033
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634522000033/0000906345-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634522000033/cpt-20220831.htm
  HTML page:      https://secwatch.observer/filing/0000906345-22-000033

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