American Assets Trust, Inc. (AAT): debt financing — American Assets Trust amends credit facility: revolver up to $500M, maturity to 2030

American Assets Trust, Inc.

Fourth Amended and Restated Credit Agreement signed April 1, 2026.
Revolving line increased from $400M to $500M; total unsecured facility $600M ($500M revolver + $100M term loan).
Revolver and term loan both mature April 1, 2030, with extension options (two 6-month for revolver, one 12-month for term loan).
Interest rates based on SOFR or base rate with spreads tied to leverage ratio; ratings-based pricing grid also available.
Covenants and default provisions are consistent with customary terms for unsecured credit facilities.

Key facts

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. incurred credit facility of up to $600 million, consisting of a revolving line of credit of $500 million and a term loan of $100 million with Bank of America, N.A., as Administrative Agent at SOFR and a spread which ranges from (a) 1.05%-1.50% (with respect to Revolver Lo maturing April 1, 2030.

Instrument: credit facility
Principal: up to $600 million, consisting of a revolving line of credit of $500 million and a term loan of $100 million
Counterparty: Bank of America, N.A., as Administrative Agent
Rate: SOFR and a spread which ranges from (a) 1.05%-1.50% (with respect to Revolver Lo
Maturity: April 1, 2030
Event: incurrence

Exact text from the filing

the Third Amended and Restated Credit Agreement dated January 5, 2022. The Fourth Amended and Restated Credit Agreement provides for aggregate, unsecured borrowings of up to $600 million, consisting of a revolving line of credit of $500 million (the “Revolver Loan”) and a term loan of $100 million (the “$100mm Term Loan”). Borrowings under the Fourth Amended and

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

American Assets Trust, Inc. amended Fourth Amended and Restated Credit Agreement with lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, and other entities named therein valued at $600 million (effective 2026-04-01).

Action: amendment
Agreement: credit facility
Counterparty: lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, and other entities named therein
Value: $600 million
Effective: 2026-04-01

Exact text from the filing

On April 1, 2026, American Assets Trust, Inc. (the “Company”) and American Assets Trust, L.P. (the “Operating Partnership”) entered into the Fourth Amended and Restated Credit Agreement (the “Fourth Amended and Restated Credit Agreement”) with the lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, and other entities named therein, which amends and restates the Third Amended and Restated Credit Agreement dated January 5, 2022.

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American Assets Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001500217-26-000012

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