secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2022-09-19T23:59:59+00:00
Accession:  0001437749-22-022738
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whitestone REIT closes $515M unsecured credit facility; extends maturities to 2026-2028
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- Revolver: $250M, matures Sep 16, 2026, with two 6-month extension options to Sep 2027.
- Term loan: $265M, matures Jan 31, 2028; interest fixed via swaps (SOFR+1.55%) at tiered fixed SOFR rates.
- Proceeds of $379.6M used to repay prior revolver balance at closing.
- Facility includes ESG-linked pricing adjustment and accordion feature to increase capacity to $715M.
- BMO Capital Markets acted as administrative agent; lenders include Truist, Capital One, U.S. Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774922022738/0001437749-22-022738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774922022738/wstr20220916_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-022738

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