secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001140361-24-034503
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peakstone Amends Credit Facility: $907M unsecured, extends maturities to 2028
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- Term loan reduced from $400M to $210M, maturity extended to July 2028.
- Revolver reduced from $750M to $547M, maturity extended to July 2028.
- Interest rate increased 0.35% for SOFR loans; new $550M swaps at 3.58% effective July 2025.
- Borrowing base revised: industrial cap rate 6%, office 8%; advance rates 60% and 50%.
- Total facility $907M includes $150M term loan maturing April 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000114036124034503/0001140361-24-034503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000114036124034503/ef20033111_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-034503

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