secwatch.observer — SEC 8-K summary
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Issuer:     EPR PROPERTIES (EPR)
CIK:        0001045450
Form:       8-K
Filed at:   2021-09-23T23:59:59+00:00
Accession:  0001045450-21-000056
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045450/000104545021000056/0001045450-21-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045450/000104545021000056/epr-20210923.htm
  HTML page:      https://secwatch.observer/filing/0001045450-21-000056

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