secwatch.observer — SEC 8-K summary
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Issuer:     EPR PROPERTIES (EPR)
CIK:        0001045450
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001045450-24-000080
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPR Properties secures new $1.0B revolving credit facility with improved terms and maturity extended to 2028
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- New $1.0B senior unsecured revolving credit facility matures October 2, 2028, with two six-month extension options.
- Interest rate spreads reduced; tangible net worth covenant eliminated; secured debt covenant modified to allow more secured debt.
- Accordion feature permits increase of facility by $1.0B to $2.0B total, subject to lender consent.
- At close of business September 19, $169M was drawn, leaving $831M available for borrowing.
- Simplified capitalization rate method for asset valuation; no unused line fee on undrawn amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045450/000104545024000080/0001045450-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045450/000104545024000080/epr-20240919.htm
  HTML page:      https://secwatch.observer/filing/0001045450-24-000080

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