---
schema_version: "secwatch.filing_event.v1"
accession: "0001574540-23-000139"
form_type: "8-K"
ticker: null
cik: "0001574540"
company_name: "Physicians Realty Trust"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:31:22.424591+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Physicians Realty Trust closes $400M five-year unsecured term loan at 4.69% fixed rate

## Summary
- 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.

## SEC filing metadata
- accession: 0001574540-23-000139
- form_type: 8-K
- cik: 0001574540
- company_name: Physicians Realty Trust
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574540/000157454023000139/0001574540-23-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574540/000157454023000139/doc-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574540-23-000139
- JSON: https://secwatch.observer/filing/0001574540-23-000139.json
- Plain text: https://secwatch.observer/filing/0001574540-23-000139.txt

## Key facts
- Debt Financings
  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
  source text: (i) establishes a new $400 million unsecured term loan with a scheduled maturity date of May 24, 2028 (the “Term Loan”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574540/000157454023000139/0001574540-23-000139-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.