secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001104659-24-047435
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000110465924047435/0001104659-24-047435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000110465924047435/tm2411829d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-047435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer