---
schema_version: "secwatch.filing_event.v1"
accession: "0000907254-21-000090"
form_type: "8-K"
ticker: "BFS"
cik: "0000907254"
company_name: "SAUL CENTERS, INC."
filed_at: "2021-09-01T23:59:59+00:00"
generated_at: "2026-06-29T06:38:04.536094+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saul Centers upsizes credit facility to $525M, extends maturities to 2025/2027

## Summary
- New $525M facility ($425M revolver + $100M term loan) replaces $400M prior facility, increasing capacity by $125M.
- Revolver matures Aug 31, 2025 (extendable by 1yr); term loan matures Feb 28, 2027 (no extension).
- Currently $197M drawn ($100M term, $97M revolver); revolver has $222.1M borrowing availability, $185M committed for letters of credit.
- Interest spread: revolver LIBOR+1.35%-1.95%, term loan LIBOR+1.30%-1.90%; currently 1.40% revolver, 1.35% term loan.
- Seven-bank syndicate led by Wells Fargo, Capital One, TD Bank, US Bank, Regions, PNC, Associated Bank.

## SEC filing metadata
- accession: 0000907254-21-000090
- form_type: 8-K
- ticker: BFS
- cik: 0000907254
- company_name: SAUL CENTERS, INC.
- filed_at: 2021-09-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907254/000090725421000090/0000907254-21-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907254/000090725421000090/bfs-20210831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000907254-21-000090
- JSON: https://secwatch.observer/filing/0000907254-21-000090.json
- Plain text: https://secwatch.observer/filing/0000907254-21-000090.txt

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