---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-23-000089"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:25:33.282447+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EPRT adds $450M term loan, repays $200M 2024 maturities

## Summary
- New $450M 2029 Term Loan added to credit facility; initial draw of $250M on Aug 24, 2023.
- $200M of initial draw used to repay existing term loans due April 2024.
- Remaining $200M available via delayed draw over six months; maturity 3 yrs, extendable to early 2029.
- All-in interest rate on $50M un-swapped portion fixed at ~5.00%–5.25% via swap agreement.
- Revolving facility stays at $600M; total committed capacity now $1.45B including $400M 2028 term loan.

## SEC filing metadata
- accession: 0001728951-23-000089
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2023-08-29T23:59:59+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/1728951/000172895123000089/0001728951-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895123000089/eprt-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-23-000089
- JSON: https://secwatch.observer/filing/0001728951-23-000089.json
- Plain text: https://secwatch.observer/filing/0001728951-23-000089.txt

## Key facts
- Debt Financings
  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
  source text: At closing on August 24, 2023, the Company drew an initial funding amount of $250.0 million under the 2029 Term Loan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728951/000172895123000089/0001728951-23-000089-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728951/000172895123000089/0001728951-23-000089-index.htm

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