secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001728951-24-000120
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Essential Properties adds $450M term loan via fifth credit agreement amendment
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- New $450M 2030 Term Loan with 3-year initial maturity, extendable to early 2030 via two 1-year and one 6-month options.
- Initial draw of $320M on July 11, 2024; remaining $130M available through delayed draws over six months.
- Credit facility now totals $1.9B: $600M revolver, $400M (2028), $450M (2029), and $450M (2030) term loans.
- Includes a $500M uncommitted accordion feature; interest rate is Adjusted Term SOFR plus applicable margin.
- Proceeds used for general corporate purposes; facility agent is Wells Fargo, with multiple joint lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895124000120/0001728951-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895124000120/eprt-20240711.htm
  HTML page:      https://secwatch.observer/filing/0001728951-24-000120

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