Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Postal Realty Trust, Inc. incurred term loan of $25.0 million with Bank of Montreal maturing January 2027.
- Instrument
- term loan
- Principal
- $25.0 million
- Counterparty
- Bank of Montreal
- Maturity
- January 2027
- Event
- incurrence
Exact text from the filing
the Company also exercised $25.0 million of accordion under the term loan maturing in January 2027
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Postal Realty Trust, Inc. incurred term loan of $10.0 million with Bank of Montreal maturing February 2028.
- Instrument
- term loan
- Principal
- $10.0 million
- Counterparty
- Bank of Montreal
- Maturity
- February 2028
- Event
- incurrence
Exact text from the filing
on a delayed-draw basis, $10.0 million of accordion under the term loan maturing in February 2028
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Postal Realty Trust, Inc. amended Second Amendment to Credit Agreement with Bank of Montreal, as administrative agent, and certain lenders (effective 2023-07-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of Montreal, as administrative agent, and certain lenders
- Effective
- 2023-07-24
Exact text from the filing
On July 24, 2023, Postal Realty Trust, Inc. (the “Company”), Postal Realty LP (the “Borrower”), certain subsidiaries of the Company, Bank of Montreal, as administrative agent (the “Administrative Agent”), and certain lenders party to the Credit Agreement (as defined below) entered into that certain Second Amendment to Credit Agreement (the “Second Amendment”), which amends that certain Credit Agreement dated as of August 9, 2021, entered into by and among the Company, the Borrower, certain subsidiaries of the Company, the Administrative Agent and the lenders party thereto (as previously amended and as amended by the Second Amendment, the “Credit Agreement”).
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