{"schema_version":"secwatch.filing_event.v1","accession":"0001574540-23-000119","form_type":"8-K","ticker":null,"cik":"0001574540","company_name":"Physicians Realty Trust","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.471540+00:00","generated_at":"2026-06-17T06:58:40.852703+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Physicians Realty Trust amends credit facility, expands accordion feature to $500M, transitions to SOFR","bullets":["Expands accordion feature to allow up to $500M in additional term loans under amended credit agreement.","Replaces LIBOR-based benchmark rates with SOFR-based rates, removing LIBOR transition language.","Existing $250M term loan repaid in full as of March 31, 2023 amendment date.","Updates other provisions to reflect transition from LIBOR to SOFR."],"urls":{"canonical":"https://secwatch.observer/filing/0001574540-23-000119","json":"https://secwatch.observer/filing/0001574540-23-000119.json","markdown":"https://secwatch.observer/filing/0001574540-23-000119.md","text":"https://secwatch.observer/filing/0001574540-23-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574540/000157454023000119/0001574540-23-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574540/000157454023000119/doc-20230331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:58:40.852703+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":"f4462d91836e8df22c9a7aa5d6dac14ebda7ccb0","claim":"Physicians Realty Trust amended credit facility of up to an additional $500 million with KeyBank National Association, as administrative agent at secured overnight financing rate (“SOFR”) based benchmark rates.","evidence_excerpt":"The Amendment, among other things, (i) expands the accordion feature, which allows the Operating Partnership to increase borrowing capacity under the Amendment Credit Agreement by up to an additional $500 million, to include additional term loans as a borrowing option, subject to the terms and conditions of the Amended Credit Agreement, (ii) replaces the LIBOR-based benchmark rates and related LIBOR-based mechanics applicable to borrowings under the Amended Credit Agreement with secured overnight financing rate (“SOFR”) based benchmark rates and related SOFR-based mechanics, (iii) removes the LIBOR transition language from the Amended Credit Agreement and (iv) updates certain other provisions of the Amended Credit Agreement to reflect the transition from LIBOR to SOFR.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1574540/000157454023000119/0001574540-23-000119-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to an additional $500 million"},{"label":"Counterparty","value":"KeyBank National Association, as administrative agent"},{"label":"Rate","value":"secured overnight financing rate (“SOFR”) based benchmark rates"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ecb1df2d25b006d9993beb5d2eadb9cf6c9fb6a4","claim":"Physicians Realty Trust amended First Amendment to Third Amended and Restated Credit Agreement with KeyBank National Association valued at expands accordion feature to allow up to an additional $500 million in borrowings; replaces LIBOR wi (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, Physicians Realty L.P., a Delaware limited partnership (the “Operating Partnership”), as borrower, and Physicians Realty Trust, a Maryland real estate investment trust (the “Company”), as guarantor, executed a First Amendment to Third Amended and Restated Credit Agreement (the “Amendment”) with KeyBank National Association, as administrative agent, and the lenders party thereto, pursuant to which the parties amended the Company’s Third Amended and Restated Credit Agreement, dated as of September 24, 2021 (as amended by the Amendment, the “Amended Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1574540/000157454023000119/0001574540-23-000119-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"KeyBank National Association"},{"label":"Value","value":"expands accordion feature to allow up to an additional $500 million in borrowings; replaces LIBOR wi"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}