secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001728951-23-000089
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895123000089/0001728951-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895123000089/eprt-20230824.htm
  HTML page:      https://secwatch.observer/filing/0001728951-23-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer