Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
American Assets Trust, Inc. amended term loan of $225 million with U.S. Bank National Association, as Administrative Agent maturing January 5, 2025.
- Instrument
- term loan
- Principal
- $225 million
- Counterparty
- U.S. Bank National Association, as Administrative Agent
- Maturity
- January 5, 2025
- Event
- amendment
Exact text from the filing
On January 5, 2023 (“Effective Date”), American Assets Trust, Inc. (the “Company”) and American Assets Trust, L.P. (the “Operating Partnership”) entered into the Amended and Restated Term Loan Agreement (“Amended and Restated Term Loan Agreement”) with the lenders party thereto, and U.S. Bank National Association, as Administrative Agent, which amends and restates the Term Loan Agreement dated as of March 1, 2016, as amended. As of the Effective Date, the Amended and Restated Term Loan Agreement increased the aggregate, unsecured borrowings from $150 million to $225 million (as amended and restated, the “Term Loan”) and extended the maturity date of the Term Loan from March 1, 2023 to January 5, 2025, with one, twelve-month extension option, subject to certain conditions.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
American Assets Trust, Inc. amended Amended and Restated Term Loan Agreement with the lenders party thereto, and U.S. Bank National Association, as Administrative Agent valued at $225 million (effective 2023-01-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto, and U.S. Bank National Association, as Administrative Agent
- Value
- $225 million
- Effective
- 2023-01-05
Exact text from the filing
On January 5, 2023 (“Effective Date”), American Assets Trust, Inc. (the “Company”) and American Assets Trust, L.P. (the “Operating Partnership”) entered into the Amended and Restated Term Loan Agreement (“Amended and Restated Term Loan Agreement”) with the lenders party thereto, and U.S. Bank National Association, as Administrative Agent, which amends and restates the Term Loan Agreement dated as of March 1, 2016, as amended.
View on SEC.gov