--- schema_version: "secwatch.filing_event.v1" accession: "0001541401-24-000007" form_type: "8-K" ticker: "ESRT" cik: "0001541401" company_name: "Empire State Realty Trust, Inc." filed_at: "2024-03-13T23:59:59+00:00" generated_at: "2026-06-04T22:14:15.931443+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Empire State Realty OP enters $620M revolver and $95M term loan, maturing 2028 and 2027 ## Summary - Second Amended and Restated Credit Agreement with Bank of America as admin agent for $620M revolver and $95M term loan. - Revolver matures March 8, 2028, extendable by two six-month periods; term loan matures March 8, 2027, extendable by two twelve-month periods. - Pricing based on SOFR plus margin ranging from 1.300%–1.700% (revolver) and 1.500%–2.050% (term loan) with potential reduction upon achieving investment-grade rating. - Sustainability component allows improved pricing upon achieving certain sustainability ratings. - Third Amendment to Wells Fargo credit agreement made conforming changes, no change to commitment amount or maturity. ## SEC filing metadata - accession: 0001541401-24-000007 - form_type: 8-K - ticker: ESRT - cik: 0001541401 - company_name: Empire State Realty Trust, Inc. - filed_at: 2024-03-13T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1541401/000154140124000007/0001541401-24-000007-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541401/000154140124000007/esrt-20240308.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001541401-24-000007 - JSON: https://secwatch.observer/filing/0001541401-24-000007.json - Plain text: https://secwatch.observer/filing/0001541401-24-000007.txt ## Key facts - Debt Financings Empire State Realty Trust, Inc. incurred revolving credit of $620 million with Bank of America, N.A. (as administrative agent) at the term SOFR rate, plus, a margin ranging from (x) 1.300% to 1.700% per annum, maturing March 8, 2028. - Instrument: revolving credit - Principal: $620 million - Counterparty: Bank of America, N.A. (as administrative agent) - Rate: the term SOFR rate, plus, a margin ranging from (x) 1.300% to 1.700% per annum, - Maturity: March 8, 2028 - Event: incurrence source text: among the Operating Partnership, the Company, Bank of America, N.A., as administrative agent, and the other parties named therein. The BofA Credit Agreement is comprised of a $620 million senior unsecured revolving credit facility (the “ Revolving Credit Facility ”) and a $95 million term loan facility (the “ BofA Term Loan Facility ”, and, together with the evidence_url: https://www.sec.gov/Archives/edgar/data/1541401/000154140124000007/0001541401-24-000007-index.htm - Debt Financings Empire State Realty Trust, Inc. incurred term loan of $95 million with Bank of America, N.A. (as administrative agent) at 1.500% to 2.050% per annum, in the case of term loans maturing March 8, 2027. - Instrument: term loan - Principal: $95 million - Counterparty: Bank of America, N.A. (as administrative agent) - Rate: 1.500% to 2.050% per annum, in the case of term loans - Maturity: March 8, 2027 - Event: incurrence source text: the other parties named therein. The BofA Credit Agreement is comprised of a $620 million senior unsecured revolving credit facility (the “ Revolving Credit Facility ”) and a $95 million term loan facility (the “ BofA Term Loan Facility ”, and, together with the Revolving Credit Facility, the “ BofA Facilities ”). The Operating Partnership may request that the evidence_url: https://www.sec.gov/Archives/edgar/data/1541401/000154140124000007/0001541401-24-000007-index.htm - Material Agreements Empire State Realty Trust, Inc. amended Second Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, and the lenders and the letter of credit issuers party thereto valued at $620 million senior unsecured revolving credit facility and a $95 million term loan facility (effective 2024-03-08). - Action: amendment - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, and the lenders and the letter of credit issuers party thereto - Value: $620 million senior unsecured revolving credit facility and a $95 million term loan facility - Effective: 2024-03-08 source text: On March 8, 2024, Empire State Realty OP, L.P. (the “ Operating Partnershi p”) and its general partner, Empire State Realty Trust, Inc. (the “ Company ”) entered into a Second Amended and Restated Credit Agreement (the “ BofA Credit Agreement ”) with Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, and the lenders and the letter of credit issuers party thereto. evidence_url: https://www.sec.gov/Archives/edgar/data/1541401/000154140124000007/0001541401-24-000007-index.htm - Material Agreements Empire State Realty Trust, Inc. amended Third Amendment to that certain Credit Agreement, dated as of March 19, 2020 with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (effective 2024-03-13). - Action: amendment - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto - Effective: 2024-03-13 source text: On March 13, 2024, the Operating Partnership and the Company entered into a Third Amendment to that certain Credit Agreement, dated as of March 19, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ WF Credit Agreement ”) among the Company, the Operating Partnership, the lenders party thereto from time to time and Wells Fargo Bank, National Association, as administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1541401/000154140124000007/0001541401-24-000007-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.