{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-000083","form_type":"8-K","ticker":"NSA","cik":"0001618563","company_name":"National Storage Affiliates Trust","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.845075+00:00","generated_at":"2026-06-20T20:52:51.190926+00:00","sec_items":["1.01","2.03","8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NSA amends KeyBank credit facility to $1.955B, extends maturities, repays $175M loan","bullets":["Total borrowing capacity increased by $405M to $1.955B; expansion option to $2.5B.","Revolver increased to $950M maturing Jan 2027 with two 6-month extension options.","Term loans: B $275M (extends to Jan 2025), C $325M (Jan 2025), D $275M (Jul 2026), E $130M (Mar 2027).","Capitalization rate for gross asset value reduced from 6.75% to 6.5%.","Repaid $175M outstanding under Capital One facility maturing June 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-000083","json":"https://secwatch.observer/filing/0001628280-23-000083.json","markdown":"https://secwatch.observer/filing/0001628280-23-000083.md","text":"https://secwatch.observer/filing/0001628280-23-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1618563/000162828023000083/0001628280-23-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1618563/000162828023000083/nsa-20230103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:52:51.190926+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":"05afddfec1d72a405ea941fb2194effa2c8cc0b4","claim":"National Storage Affiliates Trust amended Third Amended and Restated KeyBank Credit Facility with KeyBank National Association, as administrative agent, and a syndicated group of lenders valued at $1.955 billion (effective 2023-01-03).","evidence_excerpt":"On January 3, 2023, NSA OP, LP (the \" Operating Partnership \"), as borrower, National Storage Affiliates Trust (the \" Company \"), and certain of the Operating Partnership's subsidiaries, as subsidiary guarantors, entered into a third amended and restated credit agreement with KeyBank National Association, as administrative agent, and a syndicated group of lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1618563/000162828023000083/0001628280-23-000083-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"KeyBank National Association, as administrative agent, and a syndicated group of lenders"},{"label":"Value","value":"$1.955 billion"},{"label":"Effective","value":"2023-01-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}