Postal Realty Trust, Inc. (PSTL): debt financing — Postal Realty Trust expands credit facilities to $440M, extends maturities through 2030

Postal Realty Trust, Inc.

Credit facilities upsized to $440M; revolver matures Nov 2029, term loan Jan 2030 (was Jan 2026/Jan 2027).
Term loan increased 53% from $75M to $115M; $40M advance used to repay revolver to $13M.
Entered $40M interest rate swap fixing SOFR through Jan 2030; all-in rate now 4.73%.
Accordion features allow up to $150M additional revolver and $100M additional term loans.
Truist Bank, M&T, JPMorgan lead arrangers; Mizuho, Stifel, TriState also lenders.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Postal Realty Trust, Inc. amended revolving credit of $150 million with Truist Bank at base rate plus a margin ranging from 0.5% to 1.0% per annum or SOFR plus a margi maturing November 15, 2029.

Instrument: revolving credit
Principal: $150 million
Counterparty: Truist Bank
Rate: base rate plus a margin ranging from 0.5% to 1.0% per annum or SOFR plus a margi
Maturity: November 15, 2029
Event: amendment

Exact text from the filing

as of August 9, 2021 (as such agreement was amended from time-to time, the “Prior Credit Agreement”) which was previously in effect. The Credit Agreement provides for a (i) $150 million senior unsecured revolving credit facility (the “Revolving Facility”), and (ii) $290 million term loan facility (the “Term Loan Facility,” and, collectively with the Revolving

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Postal Realty Trust, Inc. amended term loan of $115 million with Truist Bank at base rate plus a margin ranging from 0.45% to 0.95% per annum or SOFR plus a mar maturing January 15, 2030.

Instrument: term loan
Principal: $115 million
Counterparty: Truist Bank
Rate: base rate plus a margin ranging from 0.45% to 0.95% per annum or SOFR plus a mar
Maturity: January 15, 2030
Event: amendment

Exact text from the filing

of which was previously advanced to the Operating Partnership under the Prior Credit Agreement and remains outstanding under the Credit Agreement as of the Closing Date and (b) $115 million senior unsecured term loan facility (the “2025 Term Loan Facility”). The 2025 Term Loan Facility consists of (1) a $75 million term loan previously advanced under the Prior

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Postal Realty Trust, Inc. amended term loan of $175 million with Truist Bank at base rate plus a margin ranging from 0.45% to 0.95% per annum or SOFR plus a mar maturing February 11, 2028.

Instrument: term loan
Principal: $175 million
Counterparty: Truist Bank
Rate: base rate plus a margin ranging from 0.45% to 0.95% per annum or SOFR plus a mar
Maturity: February 11, 2028
Event: amendment

Exact text from the filing

(ii) $290 million term loan facility (the “Term Loan Facility,” and, collectively with the Revolving Facility, the “Credit Facilities”). The Term Loan Facility consists of a (a) $175 million delayed drawn term loan facility (the “Delayed Draw Term Loan Facility”), all of which was previously advanced to the Operating Partnership under the Prior Credit Agreement and

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Postal Realty Trust, Inc. incurred term loan of $40 million with Truist Bank at base rate plus a margin ranging from 0.45% to 0.95% per annum or SOFR plus a mar maturing January 15, 2030.

Instrument: term loan
Principal: $40 million
Counterparty: Truist Bank
Rate: base rate plus a margin ranging from 0.45% to 0.95% per annum or SOFR plus a mar
Maturity: January 15, 2030
Event: incurrence

Exact text from the filing

$40 million of new term loans advanced to the Operating Partnership on the Closing Date

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114 debt financings filed in the last 30 days. Browse all debt financings →

Postal Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-089790

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