{"schema_version":"secwatch.filing_event.v1","accession":"0001500217-23-000003","form_type":"8-K","ticker":"AAT","cik":"0001500217","company_name":"American Assets Trust, Inc.","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.278512+00:00","generated_at":"2026-06-20T19:33:53.511416+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"American Assets Trust upsizes term loan to $225M, extends maturity to 2025, fixes rate via swaps","bullets":["Borrowings increased from $150M to $225M; maturity extended to Jan 5, 2025 with one 12-month extension option.","Interest rate fixed by swaps at ~5.47% for year one and ~5.57% for year two, subject to leverage adjustments.","Loan is unsecured, fully drawn as of Jan 5, 2023, and transitions to SOFR from LIBOR."],"urls":{"canonical":"https://secwatch.observer/filing/0001500217-23-000003","json":"https://secwatch.observer/filing/0001500217-23-000003.json","markdown":"https://secwatch.observer/filing/0001500217-23-000003.md","text":"https://secwatch.observer/filing/0001500217-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1500217/000150021723000003/0001500217-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1500217/000150021723000003/aat-20230105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:33:53.511416+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e13ada413939e07b2a46880dbb666c5e60806a83","claim":"American Assets Trust, Inc. amended term loan of $225 million with U.S. Bank National Association, as Administrative Agent maturing January 5, 2025.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1500217/000150021723000003/0001500217-23-000003-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$225 million"},{"label":"Counterparty","value":"U.S. Bank National Association, as Administrative Agent"},{"label":"Maturity","value":"January 5, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"63be535cea6dc3aad1ce8da48fa5ecb8355e3f9e","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1500217/000150021723000003/0001500217-23-000003-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto, and U.S. Bank National Association, as Administrative Agent"},{"label":"Value","value":"$225 million"},{"label":"Effective","value":"2023-01-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}