secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001500217-23-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Assets Trust upsizes term loan to $225M, extends maturity to 2025, fixes rate via swaps
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021723000003/0001500217-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021723000003/aat-20230105.htm
  HTML page:      https://secwatch.observer/filing/0001500217-23-000003

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