{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-030634","form_type":"8-K","ticker":"WPC","cik":"0001025378","company_name":"W. P. Carey Inc.","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.176599+00:00","generated_at":"2026-05-24T00:17:04.624299+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"W. P. Carey extends €500M term loan maturity to 2029, adds lower pricing tier","bullets":["Extended €500M Euro Tranche 2 Term Loan maturity by 3 years to April 24, 2029, with optional extension options.","Added new pricing level for A/A2 unsecured debt rating; EURIBOR margin now 0.700%-1.650%.","Eliminated 10 bps credit spread adjustment on SOFR-based USD borrowings and ~30 bps on CORRA-based CAD borrowings.","Facility unchanged: $2.0B revolver, £270M term, €215M term, €500M term; 14 lenders participated.","Financial maintenance covenants unchanged; amendment effective March 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-030634","json":"https://secwatch.observer/filing/0001104659-25-030634.json","markdown":"https://secwatch.observer/filing/0001104659-25-030634.md","text":"https://secwatch.observer/filing/0001104659-25-030634.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1025378/000110465925030634/0001104659-25-030634-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1025378/000110465925030634/tm2511023d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:17:04.624299+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8160910d0b5b6b04036975a9ab6a140168e50356","claim":"W. P. Carey Inc. amended credit facility with JPMorgan Chase Bank, N.A. at EURIBOR plus an applicable margin ranging from 0.700% to 1.650% maturing April 24, 2029.","evidence_excerpt":"(ii) add a lower pricing level to the pricing grid for all loans under the Facilities in the event that the Company attains an A/A2 unsecured debt rating, which in the case of the Euro Tranche 2 Term Loan now results in an interest rate equal to EURIBOR plus an applicable margin ranging from 0.700% to 1.650%, depending on the adjustments provided for in the Existing Credit Facility (currently 0.800%), and (iii) remove both the incremental ten (10) basis point credit spread adjustment applicable to US dollar borrowings under the Facilities that utilize a SOFR-based interest rate as well as the incremental spread adjustments of approximately 30 basis points applicable to certain Canadian dollar borrowings under the Facilities that utilize a CORRA-based interest rate.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1025378/000110465925030634/0001104659-25-030634-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"EURIBOR plus an applicable margin ranging from 0.700% to 1.650%"},{"label":"Maturity","value":"April 24, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}