secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0000950170-25-030388
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017025030388/0000950170-25-030388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017025030388/bnl-20250303.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-030388

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