secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001193125-23-151658
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Property Trust establishes new $500M ATM equity program with multiple managers
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- New at-the-market agreements allow up to $500M in common share sales through Deutsche Bank, Scotia Capital, Truist, and Wells Fargo.
- Program includes forward sales; company may physically settle for net cash proceeds or cash/net share settle.
- Proceeds intended for general corporate purposes, including reducing $1.2B credit facility or $300M term loan borrowings.
- Agents and forward sellers capped at 1.5% commission on gross sales price.
- Company has no obligation to sell shares and may suspend offerings at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000119312523151658/0001193125-23-151658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000119312523151658/d489281d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-151658

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