Urban Edge Properties upsizes borrowing capacity to $950M with $250M term loans, extends revolver to 2030

Urban Edge Properties

Revolving credit facility reduced to $700M from $800M; maturity extended to June 2030 (from Feb 2027) with two 6-month extension options.
Added $250M in delayed-draw term loans: $125M 5-year maturing June 2031 and $125M 7-year maturing January 2033.
Total borrowing capacity increased by $150M to $950M; accordion feature allows upsizing to $1.275B subject to lender consent.
No amounts currently drawn; proceeds expected for working capital and growth execution.
Interest: SOFR + 1.00% on revolver, +1.15% on 5-year term loan, +1.50% on 7-year term loan, based on leverage ratio.

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

Urban Edge Properties incurred term loan of $125 million with Wells Fargo Bank, National Association, as administrative agent at SOFR-based rate or a base rate plus an applicable margin; current margin 1.15% f maturing June 30, 2031.

Instrument: term loan
Principal: $125 million
Counterparty: Wells Fargo Bank, National Association, as administrative agent
Rate: SOFR-based rate or a base rate plus an applicable margin; current margin 1.15% f
Maturity: June 30, 2031
Event: incurrence

Exact text from the filing

The Restated Credit Agreement also adds a term loan facility (the “Five Year Term Facility”) with an available amount of $125 million and a term ending June 30, 2031.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Urban Edge Properties amended revolving credit of $700 million with Wells Fargo Bank, National Association, as administrative agent at SOFR-based rate or a base rate plus an applicable margin; current margin 1.00% f maturing June 28, 2030.

Instrument: revolving credit
Principal: $700 million
Counterparty: Wells Fargo Bank, National Association, as administrative agent
Rate: SOFR-based rate or a base rate plus an applicable margin; current margin 1.00% f
Maturity: June 28, 2030
Event: amendment

Exact text from the filing

The Restated Credit Agreement decreases the available amount under the Operating Partnership’s revolving credit facility (the “Revolving Credit Facility”) from $800 million to $700 million, extends the term of the Revolving Credit Facility from February 9, 2027 to June 28, 2030, with two 6-month extension options, adjusts the applicable interest rates, and makes certain other modifications.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Urban Edge Properties entered into Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent (effective 2026-01-22).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent
Effective: 2026-01-22

Exact text from the filing

On January 22, 2026 (the “Effective Date”), the Operating Partnership entered into the Second Amended and Restated Credit Agreement (the “Restated Credit Agreement”), by and among the Operating Partnership, as borrower, Wells Fargo Bank, National Association, as administrative agent

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

Urban Edge Properties filing history →

Source: SEC EDGAR

accession 0001611547-26-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.