---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-030388"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T17:21:23.680503+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease closes $1.5B credit facilities, extends maturities on revolver and term loan

## Summary
- $1.0B revolver maturing March 2029 with two six-month extension options; $500M term loan maturing March 2028 replacing $400M due 2026.
- Borrowing margins improved: revolver Term Benchmark rate 0.85%, Base Rate 0.0%; term loan Term Benchmark 0.95%, Base Rate 0.0%.
- Term loan includes delayed-draw feature for an incremental $100M, available within three months.
- Accordion feature allows increasing total facility size to $2.5B subject to lender consent.
- Conforming amendments entered for existing 2027 and 2029 term loans.

## SEC filing metadata
- accession: 0000950170-25-030388
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017025030388/0000950170-25-030388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017025030388/bnl-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-030388
- JSON: https://secwatch.observer/filing/0000950170-25-030388.json
- Plain text: https://secwatch.observer/filing/0000950170-25-030388.txt

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