secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001025378-23-000116
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W.P. Carey upsizes revolver to $2.0B, extends maturities to 2028-2029
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- Revolver upsized from $1.8B to $2.0B; maturity extended four years to Feb 14, 2029.
- Existing €215M and £270M term loans extended three years to Feb 14, 2028, with extension options.
- Accordion feature permits total Facilities increase to $4.35B, subject to lender commitments.
- Interest rate on revolver: 77.5 bps over SOFR; term loans: 85.0 bps over EURIBOR/SONIA (based on BBB+/Baa1).
- 16 lenders participate; JPMorgan Chase is Administrative Agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000102537823000116/0001025378-23-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000102537823000116/wpc-20231214.htm
  HTML page:      https://secwatch.observer/filing/0001025378-23-000116

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