---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-072159"
form_type: "8-K"
ticker: "KRG"
cik: "0001286043"
company_name: "KITE REALTY GROUP TRUST"
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T22:51:27.151929+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kite Realty cuts borrowing costs: eliminates SOFR adjustment, lowers term loan margins

## Summary
- Eliminated 0.10% SOFR spread adjustment on $1.1B revolver and $300M term loan.
- Reduced margin on $300M term loan from 1.15%-2.20% to 0.75%-1.60%.
- Eliminated 0.10% SOFR spread adjustment on $250M term loan (matures Oct 2027).
- Maturities unchanged: revolver Oct 2028, $300M term July 2029.
- Amendments executed July 28, 2025 with KeyBank as administrative agent.

## SEC filing metadata
- accession: 0001104659-25-072159
- form_type: 8-K
- ticker: KRG
- cik: 0001286043
- company_name: KITE REALTY GROUP TRUST
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286043/000110465925072159/0001104659-25-072159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286043/000110465925072159/tm2521971d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-072159
- JSON: https://secwatch.observer/filing/0001104659-25-072159.json
- Plain text: https://secwatch.observer/filing/0001104659-25-072159.txt

## Key facts
- Debt Financings
  KITE REALTY GROUP TRUST amended term loan with KeyBank National Association at elimination of the 0.10% SOFR spread adjustment component of the interest rate a.
  - Instrument: term loan
  - Counterparty: KeyBank National Association
  - Rate: elimination of the 0.10% SOFR spread adjustment component of the interest rate a
  - Event: amendment
  source text: The Fourth Amendment provides for certain pricing adjustments applicable to each of the Revolving Facility and the $300M Term Loan, including, among other things, (i) the elimination of the 0.10% SOFR spread adjustment for all loans and (ii) with respect to the $300M Term Loan, a decrease in the interest rate margin from a range of 1.15% to 2.20% to a range of 0.75% to 1.60%, in each case, with the applicable margin level determined according to the credit rating of the Operating Partnership.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465925072159/0001104659-25-072159-index.htm
- Debt Financings
  KITE REALTY GROUP TRUST amended term loan with KeyBank National Association at elimination of the 0.10% SOFR spread adjustment component of the interest rate a.
  - Instrument: term loan
  - Counterparty: KeyBank National Association
  - Rate: elimination of the 0.10% SOFR spread adjustment component of the interest rate a
  - Event: amendment
  source text: The Third Amendment provides for the elimination of the 0.10% SOFR spread adjustment component of the interest rate applicable to the $250M Term Loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465925072159/0001104659-25-072159-index.htm
- Debt Financings
  KITE REALTY GROUP TRUST amended revolving credit with KeyBank National Association at elimination of the 0.10% SOFR spread adjustment for all loans.
  - Instrument: revolving credit
  - Counterparty: KeyBank National Association
  - Rate: elimination of the 0.10% SOFR spread adjustment for all loans
  - Event: amendment
  source text: The Fourth Amendment provides for certain pricing adjustments applicable to each of the Revolving Facility and the $300M Term Loan, including, among other things, (i) the elimination of the 0.10% SOFR spread adjustment for all loans and (ii) with respect to the $300M Term Loan, a decrease in the interest rate margin from a range of 1.15% to 2.20% to a range of 0.75% to 1.60%, in each case, with the applicable margin level determined according to the credit rating of the Operating Partnership.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465925072159/0001104659-25-072159-index.htm

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