---
schema_version: "secwatch.filing_event.v1"
accession: "0001045450-21-000056"
form_type: "8-K"
ticker: "EPR"
cik: "0001045450"
company_name: "EPR PROPERTIES"
filed_at: "2021-09-23T23:59:59+00:00"
generated_at: "2026-06-29T01:41:47.515444+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EPR Properties secures commitments for new $1.0B revolver; repays $400M term loan

## Summary
- New $1.0B four-year senior unsecured revolver to replace existing $1.0B revolver and $400M term loan; expected close early Q4 2021.
- Repaid $400M term loan with cash on hand; post-repayment cash >$130M and zero drawn on existing revolver.
- Facility includes accordion feature to increase total capacity to $2.0B, subject to lender consent.
- Same pricing and financial covenants as existing facility, with improved valuation for certain asset types; two six-month extension options.
- CEO cites strengthening investment pipeline for experiential real estate as customer operations ramp up.

## SEC filing metadata
- accession: 0001045450-21-000056
- form_type: 8-K
- ticker: EPR
- cik: 0001045450
- company_name: EPR PROPERTIES
- filed_at: 2021-09-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045450/000104545021000056/0001045450-21-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045450/000104545021000056/epr-20210923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001045450-21-000056
- JSON: https://secwatch.observer/filing/0001045450-21-000056.json
- Plain text: https://secwatch.observer/filing/0001045450-21-000056.txt

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