---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-047435"
form_type: "8-K"
ticker: "AKR"
cik: "0000899629"
company_name: "ACADIA REALTY TRUST"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:40:42.354178+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Acadia Realty closes $350M revolver and $400M term loan; maturities extended to 2028

## Summary
- Revolving credit facility increased from $300M to $350M; maturity extended to April 15, 2028 with two 6-month extension options.
- Term loan of $400M also extended to April 15, 2028 with two 6-month extension options.
- Accordion feature allows total capacity up to $900M subject to customary conditions.
- SOFR-based borrowings priced at 1.25% margin (revolver) and 1.40% (term loan) at closing.
- Guarantors include Acadia Realty Trust and certain operating partnership subsidiaries.

## SEC filing metadata
- accession: 0001104659-24-047435
- form_type: 8-K
- ticker: AKR
- cik: 0000899629
- company_name: ACADIA REALTY TRUST
- filed_at: 2024-04-16T23:59:59+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/899629/000110465924047435/0001104659-24-047435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899629/000110465924047435/tm2411829d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-047435
- JSON: https://secwatch.observer/filing/0001104659-24-047435.json
- Plain text: https://secwatch.observer/filing/0001104659-24-047435.txt

## Key facts
- Debt Financings
  ACADIA REALTY TRUST amended term loan of $400.0 million with Bank of America, N.A., as administrative agent at for the term loan facility, the applicable margin for SOFR loans was 1.4% maturing April 15, 2028.
  - Instrument: term loan
  - Principal: $400.0 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: for the term loan facility, the applicable margin for SOFR loans was 1.4%
  - Maturity: April 15, 2028
  - Event: amendment
  source text: the Third Amended and Restated Credit Facility also provides for a term loan facility of $400.0 million, the term for which was extended from June 29, 2026 to April 15, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000110465924047435/0001104659-24-047435-index.htm
- Debt Financings
  ACADIA REALTY TRUST amended revolving credit of $350.0 million with Bank of America, N.A., as administrative agent at for the revolving credit facility, the applicable margin for SOFR loans was 1.25 maturing April 15, 2028.
  - Instrument: revolving credit
  - Principal: $350.0 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: for the revolving credit facility, the applicable margin for SOFR loans was 1.25
  - Maturity: April 15, 2028
  - Event: amendment
  source text: The Third Amended and Restated Credit Facility provides for an increase in the revolving credit facility under the Existing Credit Facility from $300.0 million to $350.0 million and the extension of the term from June 29, 2025 to April 15, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000110465924047435/0001104659-24-047435-index.htm
- Material Agreements
  ACADIA REALTY TRUST amended Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association, Truist Bank, and PNC Bank, National Association, as syndication agents, BofA Securities, Inc. and Wells Fargo Securities, LLC, as joint bookrunners, and BofA Securities, Inc., Wells Fargo Securities, LLC, Truist (effective 2024-04-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association, Truist Bank, and PNC Bank, National Association, as syndication agents, BofA Securities, Inc. and Wells Fargo Securities, LLC, as joint bookrunners, and BofA Securities, Inc., Wells Fargo Securities, LLC, Truist
  - Effective: 2024-04-15
  source text: On April 15, 2024, Acadia Realty Limited Partnership, a Delaware limited partnership (the “Operating Partnership”), and its general partner, Acadia Realty Trust, a Maryland real estate investment trust (the “Company”), entered into a Third Amended and Restated Credit Agreement (the “Third Amended and Restated Credit Facility”) with Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association, Truist Bank, and PNC Bank, National Association, as syndication agents, BofA Securities, Inc. and Wells Fargo Securities, LLC, as joint bookrunners, and BofA Securities, Inc., Wells Fargo Securities, LLC, Truist Securities, Inc. and PNC Capital Markets LLC, as joint lead arrangers, and the lenders and letter of credit issuers party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000110465924047435/0001104659-24-047435-index.htm

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