ACADIA REALTY TRUST (AKR): debt financing — Acadia Realty closes amended $525M revolver extended to 2030, adds $137.5M term loan

ACADIA REALTY TRUST

Revolver capacity $525M, maturity extended from Apr 2028 to Apr 2030, with two 6-month extension options.
New $137.5M term loan A-3 added, maturing Apr 2031; existing $400M term loan increased to $512.5M and extended to Apr 2031.
Term loan A-2 of $250M unchanged, maturing May 2030. Accordion feature ups capacity to $2.0B.
SOFR-based pricing: revolver margin 1.00%, term loan A-1/A-3 margin 1.15%, term loan A-2 margin 1.20%.
Covenants include leverage ratio, fixed-charge coverage, and limits on dividends and distributions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ACADIA REALTY TRUST incurred term loan of $137.5 million with Bank of America, N.A., as administrative agent at SOFR plus an applicable margin maturing April 17, 2031.

Instrument: term loan
Principal: $137.5 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: SOFR plus an applicable margin
Maturity: April 17, 2031
Event: incurrence

Exact text from the filing

The Fourth Amended and Restated Credit Facility also provides for a new $137.5 million term loan (“Term Loan A-3”) with a maturity date of April 17, 2031

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ACADIA REALTY TRUST amended term loan of $250.0 million with Bank of America, N.A., as administrative agent at SOFR plus an applicable margin maturing May 29, 2030.

Instrument: term loan
Principal: $250.0 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: SOFR plus an applicable margin
Maturity: May 29, 2030
Event: amendment

Exact text from the filing

the Fourth Amended and Restated Credit Facility includes a term loan facility of $250.0 million with a maturity date of May 29, 2030 (“Term Loan A-2”)

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ACADIA REALTY TRUST amended term loan of $512.5 million with Bank of America, N.A., as administrative agent at SOFR plus an applicable margin maturing April 17, 2031.

Instrument: term loan
Principal: $512.5 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: SOFR plus an applicable margin
Maturity: April 17, 2031
Event: amendment

Exact text from the filing

increases the existing term loan of $400.0 million with a maturity date of April 15, 2028 to $512.5 million with a maturity date of April 17, 2031 (“Term Loan A-1”

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ACADIA REALTY TRUST incurred revolving credit of $525.0 million with Bank of America, N.A., as administrative agent at SOFR plus an applicable margin maturing April 17, 2030.

Instrument: revolving credit
Principal: $525.0 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: SOFR plus an applicable margin
Maturity: April 17, 2030
Event: incurrence

Exact text from the filing

The Fourth Amended and Restated Credit Facility extends the term of the $525.0 million revolving credit facility (the “Revolving Facility”) from April 15, 2028 to April 17, 2030

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ACADIA REALTY TRUST amended Fourth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent valued at $525.0 million revolving credit facility (effective 2026-04-17).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Value: $525.0 million revolving credit facility
Effective: 2026-04-17

Exact text from the filing

Acadia Realty Limited Partnership, a Delaware limited partnership (the “Operating Partnership”), its general partner, Acadia Realty Trust, a Maryland real estate investment trust (the “Company”), and certain of the Operating Partnership’s subsidiaries as co-borrowers, entered into a Fourth Amended and Restated Credit Agreement (the “Fourth Amended and Restated Credit Facility”)

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ACADIA REALTY TRUST filing history →

Source: SEC EDGAR

accession 0001104659-26-045244

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