Realty Income amends credit facilities; raises subsidiary debt cap to $350M and cross-default threshold to $200M

REALTY INCOME CORP

Subsidiary non-guarantor debt limit increased from $50M per sub/$100M aggregate to $350M for any sub or in aggregate.
Cross-default event of default threshold raised from $125M to $200M under both Credit Agreement and Term Loan Agreement.
Amendment dated December 21, 2023, with lenders including Wells Fargo, JPMorgan, Bank of America, and others.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

REALTY INCOME CORP entered into First Amendment to Term Loan Agreement with Toronto Dominion (Texas) LLC valued at Amendment increases permitted subsidiary debt from $100M aggregate to $350M and cross-default thresh (effective 2023-12-21).

Action: entry
Agreement: credit facility
Counterparty: Toronto Dominion (Texas) LLC
Value: Amendment increases permitted subsidiary debt from $100M aggregate to $350M and cross-default thresh
Effective: 2023-12-21

Exact text from the filing

he Company entered into that certain First Amendment to Term Loan Agreement (the “Term Loan Agreement Amendment”) which amends

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72 material agreements filed in the last 30 days. Browse all material agreements →

REALTY INCOME CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-128199

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