secwatch.observer — SEC 8-K summary
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Issuer:     SAUL CENTERS, INC. (BFS)
CIK:        0000907254
Form:       8-K
Filed at:   2021-09-01T23:59:59+00:00
Accession:  0000907254-21-000090
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907254/000090725421000090/0000907254-21-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907254/000090725421000090/bfs-20210831.htm
  HTML page:      https://secwatch.observer/filing/0000907254-21-000090

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