---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-029724"
form_type: "8-K"
ticker: "WSR"
cik: "0001175535"
company_name: "Whitestone REIT"
filed_at: "2025-09-23T23:59:59+00:00"
generated_at: "2026-05-17T05:51:43.032637+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Whitestone REIT closes $750M unsecured credit facility with extended maturities, lower rates

## Summary
- $375M revolver matures Sep 2029 (extendable to Sep 2030); $375M term loan matures Jan 2031.
- Revolver initial rate SOFR + 1.40%; term loan SOFR + 1.35%, with swaps fixing rates at 3.36%-3.42% plus margin through Jan 2031.
- Proceeds used to repay $83.2M revolver balance, refinance $285M existing term loan, and pay $6.8M fees.
- Facility increases size by $215M vs prior, reduces variable debt to ~12%, extends weighted avg maturity to 2030 with no 2026 maturities.
- Added three new banks; improved capitalization rate from 7% to 6.75% for valuation.

## SEC filing metadata
- accession: 0001437749-25-029724
- form_type: 8-K
- ticker: WSR
- cik: 0001175535
- company_name: Whitestone REIT
- filed_at: 2025-09-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175535/000143774925029724/0001437749-25-029724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175535/000143774925029724/wstr20250922_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-029724
- JSON: https://secwatch.observer/filing/0001437749-25-029724.json
- Plain text: https://secwatch.observer/filing/0001437749-25-029724.txt

## Key facts
- Debt Financings
  Whitestone REIT amended term loan of $375.0 million unsecured term loan with Bank of Montreal at 3.40% (Term SOFR) plus 1.35% (current applicable margin) through September 30, 2 maturing January 31, 2031.
  - Instrument: term loan
  - Principal: $375.0 million unsecured term loan
  - Counterparty: Bank of Montreal
  - Rate: 3.40% (Term SOFR) plus 1.35% (current applicable margin) through September 30, 2
  - Maturity: January 31, 2031
  - Event: amendment
  source text: $375.0 million unsecured term loan with a maturity date of January 31, 2031 ("Term Loan")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774925029724/0001437749-25-029724-index.htm
- Debt Financings
  Whitestone REIT amended revolving credit of $375.0 million unsecured revolving credit facility with Bank of Montreal at Term SOFR plus 1.40% maturing September 19, 2029.
  - Instrument: revolving credit
  - Principal: $375.0 million unsecured revolving credit facility
  - Counterparty: Bank of Montreal
  - Rate: Term SOFR plus 1.40%
  - Maturity: September 19, 2029
  - Event: amendment
  source text: $375.0 million unsecured revolving credit facility with a maturity date of September 19, 2029, with two six-month options to extend the maturity date to September 19, 2030 (the "Revolver")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774925029724/0001437749-25-029724-index.htm

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