secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2022-01-05T23:59:59+00:00
Accession:  0001500217-22-000005
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Assets Trust increases revolver to $400M, extends maturity to 2026
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- Revolving line increased from $350M to $400M; maturity Jan 5, 2026 with two six-month extension options.
- $100M term loan matures Jan 5, 2027; both facilities unsecured.
- Applicable ratings-based pricing spreads decreased; borrowings transitioned from LIBOR to SOFR.
- Interest rate: SOFR plus 1.05%-1.50% (revolver) or 1.20%-1.70% (term loan), based on leverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021722000005/0001500217-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021722000005/aat-20220105.htm
  HTML page:      https://secwatch.observer/filing/0001500217-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer