Physicians Realty Trust: debt financing — Physicians Realty Trust closes $400M five-year unsecured term loan at 4.69% fixed rate

Physicians Realty Trust

New $400M term loan matures May 24, 2028; all-in fixed rate of 4.693% via interest rate swaps.
Accordion feature expanded to allow up to $1.9B total borrowing capacity under the credit agreement.
Proceeds used to repay revolver, reducing floating-rate exposure and lowering interest expense.
Seven lenders participate, with KeyBank as administrative agent and BMO Harris/Regions as joint lead arrangers.

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

Physicians Realty Trust incurred term loan of $400 million with KeyBank National Association, as administrative agent at Daily Simple SOFR ... to 3.593%, a current all-in fixed rate of 4.693% maturing May 24, 2028.

Instrument: term loan
Principal: $400 million
Counterparty: KeyBank National Association, as administrative agent
Rate: Daily Simple SOFR ... to 3.593%, a current all-in fixed rate of 4.693%
Maturity: May 24, 2028
Event: incurrence

Exact text from the filing

(i) establishes a new $400 million unsecured term loan with a scheduled maturity date of May 24, 2028 (the “Term Loan”)

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Source: SEC EDGAR

accession 0001574540-23-000139

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