---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-070608"
form_type: "8-K"
ticker: "OLP"
cik: "0000712770"
company_name: "ONE LIBERTY PROPERTIES INC"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:18:17.108879+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# One Liberty Properties amends $100M credit facility: extends maturity to 2026, switches to SOFR

## Summary
- Facility maturity extended from Dec 2022 to Dec 2026; renovation/opex cap raised to $40M or 40% of borrowing base.
- Required unencumbered properties increased to 15 (from 10) with min value $100M (from $75M).
- Property cap rate reduced from 7.625% to 7.25%; tangible net worth requirement raised to $200M plus 80% of future equity.
- Interest rate benchmark changed from 30-day LIBOR to 30-day SOFR; $666,000 fee paid.
- As of Nov 8, $13.8M outstanding, $86.2M available under the facility.

## SEC filing metadata
- accession: 0001213900-22-070608
- form_type: 8-K
- ticker: OLP
- cik: 0000712770
- company_name: ONE LIBERTY PROPERTIES INC
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/0001213900-22-070608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/ea168342-8k_oneliberty.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-070608
- JSON: https://secwatch.observer/filing/0001213900-22-070608.json
- Plain text: https://secwatch.observer/filing/0001213900-22-070608.txt

## Key facts
- Debt Financings
  ONE LIBERTY PROPERTIES INC amended credit facility of $100 million with Manufacturers and Traders Trust Company and VNB New York, LLC at 30-day SOFR maturing December 31, 2026.
  - Instrument: credit facility
  - Principal: $100 million
  - Counterparty: Manufacturers and Traders Trust Company and VNB New York, LLC
  - Rate: 30-day SOFR
  - Maturity: December 31, 2026
  - Event: amendment
  source text: Loan Agreement with, among others, Manufacturers and Traders Trust Company and VNB New York, LLC. The Amendment, among other things: ● extends the expiration date of the $100 million facility from December 31, 2022 to December 31, 2026; ● increases the aggregate amount that may be used for renovation and operating expense purposes to the lesser of $40
  evidence_url: https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/0001213900-22-070608-index.htm
- Material Agreements
  ONE LIBERTY PROPERTIES INC amended Amendment with Manufacturers and Traders Trust Company and VNB New York, LLC (effective 2022-11-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Manufacturers and Traders Trust Company and VNB New York, LLC
  - Effective: 2022-11-08
  source text: On or about November 8, 2022, we entered into the fourth amendment (the “Amendment”) to the Third Amended and Restated Loan Agreement with, among others, Manufacturers and Traders Trust Company and VNB New York, LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/0001213900-22-070608-index.htm

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