---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249933"
form_type: "8-K"
ticker: null
cik: "0000077281"
company_name: "PENNSYLVANIA REAL ESTATE INVESTMENT TRUST"
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:55:08.764815+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PREIT amends credit agreement to allow $54M Dartmouth Mall refinancing and property acquisition

## Summary
- Borrowed $54M from secured first lien revolver to refinance Dartmouth Mall debt on Sep 27, 2023.
- Amendment permits up to $54M for the Dartmouth refinancing and a specified property acquisition; new collateral added.
- Maturity date remains Dec 10, 2023; no increase in borrowing capacity.
- Negative covenants revised to enable the transactions; certain fees payable to lenders.

## SEC filing metadata
- accession: 0001193125-23-249933
- form_type: 8-K
- cik: 0000077281
- company_name: PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/77281/000119312523249933/0001193125-23-249933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77281/000119312523249933/d507704d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249933
- JSON: https://secwatch.observer/filing/0001193125-23-249933.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249933.txt

## Key facts
- Debt Financings
  PENNSYLVANIA REAL ESTATE INVESTMENT TRUST incurred credit facility of $54 million with Wilmington Savings Fund Society, FSB maturing December 10, 2023.
  - Instrument: credit facility
  - Principal: $54 million
  - Counterparty: Wilmington Savings Fund Society, FSB
  - Maturity: December 10, 2023
  - Event: incurrence
  source text: (collectively with the Trust and PREIT Associates, L.P., the “ Borrower ”), Wilmington Savings Fund Society, FSB, as administrative agent, and the lenders that are signatories thereto entered into that certain Second Amendment to Amended and Restated First Lien Credit Agreement (the “ Amendment ”), which amends that certain Amended and Restated First Lien Credit Agreement, dated as of December 10, 2020 (as amended by that certain Agency Resignation, Appointment, Acceptance and Waiver Agreement, dated as of April 13, 2021, that certain First Amendment to the First Lien Credit Agreement, dated as of May 12, 2023 and the Amendment, the “ First Lien Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/77281/000119312523249933/0001193125-23-249933-index.htm
- Material Agreements
  PENNSYLVANIA REAL ESTATE INVESTMENT TRUST amended Second Amendment to Amended and Restated First Lien Credit Agreement with Wilmington Savings Fund Society, FSB valued at $54 million refinancing of Dartmouth Mall indebtedness proceeds from First Lien Revolving Facility (effective 2023-09-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wilmington Savings Fund Society, FSB
  - Value: $54 million refinancing of Dartmouth Mall indebtedness proceeds from First Lien Revolving Facility
  - Effective: 2023-09-27
  source text: On September 27, 2023, Pennsylvania Real Estate Investment Trust (the “ Trust ”), PREIT Associates, L.P. and PREIT-RUBIN, Inc. (collectively with the Trust and PREIT Associates, L.P., the “ Borrower ”), Wilmington Savings Fund Society, FSB, as administrative agent, and the lenders that are signatories thereto entered into that certain Second Amendment to Amended and Restated First Lien Credit Agreement (the “ Amendment ”), which amends that certain Amended and Restated First Lien Credit Agreement, dated as of December 10, 2020 (as amended by that certain Agency Resignation, Appointment, Acceptance and Waiver Agreement, dated as of April 13, 2021, that certain First Amendment to the First Lien Credit Agreement, dated as of May 12, 2023 and the Amendment, the “ First Lien Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/77281/000119312523249933/0001193125-23-249933-index.htm

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