secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001611547-22-000054
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties expands revolving credit facility to $800M, extends maturity to 2027
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- Unsecured revolver increased from $600M to $800M; accordion feature allows up to $1.0B.
- Maturity extended from Jan 2024 to Feb 2027, with two 6-month extension options (to Feb 2028).
- Interest rate: SOFR + 1.10% (current leverage ratio); annual facility fee of 0.15%.
- ESG pricing provision can reduce margin if sustainability performance targets met.
- No amounts currently drawn on the facility; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000054/0001611547-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000054/ue-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001611547-22-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer