secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001628280-23-025731
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/0001628280-23-025731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000162828023025731/pstl-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025731

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