---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-085310"
form_type: "8-K"
ticker: "JBGS"
cik: "0001689796"
company_name: "JBG SMITH Properties"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:07:15.415913+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# JBG SMITH amends $600M term loans to align covenants with new revolving facility

## Summary
- Amended $200M Tranche A-1 and $400M Tranche A-2 term loans to align financial covenant definitions.
- Covenants now match those in Restated Revolving Credit Agreement dated June 29, 2023.
- No changes to principal amounts, maturity, or interest rates; immaterial other modifications.
- All lenders consented; amendments effective June 30, 2023.

## SEC filing metadata
- accession: 0001104659-23-085310
- form_type: 8-K
- ticker: JBGS
- cik: 0001689796
- company_name: JBG SMITH Properties
- filed_at: 2023-07-28T23:59:59+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/1689796/000110465923085310/0001104659-23-085310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689796/000110465923085310/tm2321980d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-085310
- JSON: https://secwatch.observer/filing/0001104659-23-085310.json
- Plain text: https://secwatch.observer/filing/0001104659-23-085310.txt

## Key facts
- Material Agreements
  JBG SMITH Properties amended First Amendment to Credit Agreement (Tranche A-2) with Wells Fargo Bank, National Association valued at amends unsecured term loan with principal amount of $400 million (effective 2023-07-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: amends unsecured term loan with principal amount of $400 million
  - Effective: 2023-07-24
  source text: On July 24, 2023, JBG SMITH LP entered into a First Amendment to Credit Agreement (the “First Amendment”) with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto, which amends the existing Credit Agreement, dated July 29, 2022, by and among JBG SMITH LP, Wells Fargo Bank, National Association , as administrative agent, and the lenders from time to time party thereto (the “Existing Tranche A-2 Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1689796/000110465923085310/0001104659-23-085310-index.htm
- Material Agreements
  JBG SMITH Properties amended Second Amendment to Credit Agreement with Wells Fargo Bank, National Association valued at amends unsecured term loan with principal amount of $200 million (effective 2023-07-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: amends unsecured term loan with principal amount of $200 million
  - Effective: 2023-07-24
  source text: On July 24, 2023, JBG SMITH Properties LP (“JBG SMITH LP”), the operating partnership of JBG SMITH Properties (the “Company”), entered into a Second Amendment to Credit Agreement (the “Second Amendment”) with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto, which amends the existing Credit Agreement, dated January 14, 2022, by and among JBG SMITH LP, Wells Fargo Bank, National Association , as administrative agent, and the lenders from time to time party thereto (as amended by the First Amendment to Credit Agreement dated July 29, 2022, the “Existing Tranche A-1 Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1689796/000110465923085310/0001104659-23-085310-index.htm

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