{"schema_version":"secwatch.filing_event.v1","accession":"0000907254-25-000098","form_type":"8-K","ticker":"BFS","cik":"0000907254","company_name":"SAUL CENTERS, INC.","filed_at":"2025-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.655997+00:00","generated_at":"2026-05-17T21:14:19.168529+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Saul Centers upsizes credit facility to $600M and extends maturities","bullets":["New $600M senior unsecured facility replaces $525M facility; $460M revolver and $140M term loan.","Revolver matures July 30, 2029 (1-yr extension option); term loan matures July 28, 2028 (2 one-year extensions).","$326M outstanding at closing: $140M term loan and $186M revolver; $106.9M revolver undrawn available.","Interest at SOFR + 1.35%-1.95% (revolver) and SOFR + 1.30%-1.90% (term); current spreads 1.40% and 1.35%.","Old credit agreement terminated; financial covenants unchanged (max leverage 0.6:1, min interest coverage 2.0:1)."],"urls":{"canonical":"https://secwatch.observer/filing/0000907254-25-000098","json":"https://secwatch.observer/filing/0000907254-25-000098.json","markdown":"https://secwatch.observer/filing/0000907254-25-000098.md","text":"https://secwatch.observer/filing/0000907254-25-000098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/907254/000090725425000098/0000907254-25-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/907254/000090725425000098/bfs-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:14:19.168529+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}