---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025731"
form_type: "8-K"
ticker: "PSTL"
cik: "0001759774"
company_name: "Postal Realty Trust, Inc."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:24:48.769225+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Postal Realty Trust adds $35M accordion and SOFR option to credit facility

## Summary
- Exercised $25.0M accordion on term loan maturing Jan 2027 and $10.0M delayed-draw accordion on term loan maturing Feb 2028.
- Added daily simple SOFR-based floating interest rate option as an alternative benchmark for borrowings.
- Second Amendment dated July 24, 2023 with Bank of Montreal as administrative agent and lenders including JPMorgan, M&T, Truist.
- Total additional borrowing capacity of $35.0M under existing credit agreement.

## SEC filing metadata
- accession: 0001628280-23-025731
- form_type: 8-K
- ticker: PSTL
- cik: 0001759774
- company_name: Postal Realty Trust, Inc.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/0001628280-23-025731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/pstl-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025731
- JSON: https://secwatch.observer/filing/0001628280-23-025731.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025731.txt

## Key facts
- Debt Financings
  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
  source text: the Company also exercised $25.0 million of accordion under the term loan maturing in January 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/0001628280-23-025731-index.htm
- Debt Financings
  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
  source text: on a delayed-draw basis, $10.0 million of accordion under the term loan maturing in February 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/0001628280-23-025731-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/0001628280-23-025731-index.htm

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