other_material
confidence high
sentiment neutral
materiality 0.50
Nuveen Global Cities REIT amends credit agreement to allow DST property values in financial covenants
Nuveen Global Cities REIT, Inc.
- Third Amendment to $455M credit agreement ($321M revolver + $134M term loan) executed June 13, 2025.
- Amendment permits inclusion of Delaware statutory trust (DST) properties in Total Asset Value and Unencumbered Asset Value calculations.
- Accordion feature allows aggregate commitments up to $800M; changes impact financial covenant compliance.
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