Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ESSENTIAL PROPERTIES REALTY TRUST, INC. incurred term loan of $250.0 million with Wells Fargo Bank, National Association, as Administrative Agent at an all-in rate ranging from approximately 5% to 5.25% maturing three years, which may be extended to early 2029.
- Instrument
- term loan
- Principal
- $250.0 million
- Counterparty
- Wells Fargo Bank, National Association, as Administrative Agent
- Rate
- an all-in rate ranging from approximately 5% to 5.25%
- Maturity
- three years, which may be extended to early 2029
- Event
- incurrence
Exact text from the filing
At closing on August 24, 2023, the Company drew an initial funding amount of $250.0 million under the 2029 Term Loan
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
ESSENTIAL PROPERTIES REALTY TRUST, INC. amended Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at Initial funding of $250,000,000 under a new $450,000,000 2029 Term Loan tranche (effective 2023-08-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- Initial funding of $250,000,000 under a new $450,000,000 2029 Term Loan tranche
- Effective
- 2023-08-24
Exact text from the filing
On August 24, 2023, Essential Properties Realty Trust, Inc. (the “Company”), through its operating partnership Essential Properties, L.P., entered into a fourth amendment to the Company’s Amended and Restated Credit Agreement (the “Credit Facility”) with Wells Fargo Bank, National Association, as Administrative Agent, and the lenders party thereto.
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