secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001213900-24-090950
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Postal Realty Trust adds $40M in delayed draw term loans, replaces Bank of Montreal with Truist as agent
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- Third Amendment to Credit Agreement signed Oct 25, 2024; ups delayed draw commitments by $50M (to $175M total).
- Borrowed $40M on effective date; aggregate outstanding delayed draw loans now $165M with $10M unused.
- Bank of Montreal resigns as administrative agent, L/C issuer, and swingline lender; Truist Bank succeeds in all roles.
- Delayed Draw Term Loan Availability Period extended to June 30, 2026; existing guarantors reaffirm obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000121390024090950/0001213900-24-090950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000121390024090950/ea0218662-8k_postal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-090950

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