---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-076334"
form_type: "8-K"
ticker: "JBGS"
cik: "0001689796"
company_name: "JBG SMITH Properties"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:56:09.318151+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# JBG SMITH replaces $1.0B credit facility with $750M revolver maturing 2027

## Summary
- New $750M senior unsecured revolving credit facility matures June 29, 2027; replaces $1.0B facility due Jan 2025.
- $62M drawn at closing; option to increase by up to $500M in additional commitments or term loans.
- Interest at SOFR + 1.40%-1.85% or base rate + 0.30%-0.75%; sustainability margin adjustment up to 2bps.
- Financial covenants include total leverage ≤60%, EBITDA/fixed charges ≥1.50x, secured leverage ≤50%.
- Bank of America becomes administrative agent; syndication agents include JPMorgan, Wells Fargo, Morgan Stanley, PNC, Capital One.

## SEC filing metadata
- accession: 0001104659-23-076334
- form_type: 8-K
- ticker: JBGS
- cik: 0001689796
- company_name: JBG SMITH Properties
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1689796/000110465923076334/0001104659-23-076334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689796/000110465923076334/tm2320105d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-076334
- JSON: https://secwatch.observer/filing/0001104659-23-076334.json
- Plain text: https://secwatch.observer/filing/0001104659-23-076334.txt

## Key facts
- Material Agreements
  JBG SMITH Properties entered into Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $750.0 million (effective 2023-06-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
  - Value: $750.0 million
  - Effective: 2023-06-29
  source text: Amended and Restated Credit Agreement On June 29, 2023, JBG SMITH Properties LP (“JBG SMITH LP”), the operating partnership of JBG SMITH Properties (the “Company”), entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent (the “Agent”), and the lenders party thereto as set forth in the Credit Agreement. The Credit Agreement provides for a $750.0 million senior unsecured revolving credit facility maturing June 29, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1689796/000110465923076334/0001104659-23-076334-index.htm

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