debt
confidence high
sentiment positive
materiality 0.55
Essential Properties ups revolver to $1.3B, cuts pricing, releases guarantors
ESSENTIAL PROPERTIES REALTY TRUST, INC.
- Revolving credit facility commitments increased from $1.0B to $1.3B via $300M incremental commitments.
- Amended credit agreement reduced margin grid pricing for revolver and term loans; accordion reset to $700M.
- Parent REIT achieved investment grade rating, releasing listed subsidiary guarantors from guarantee obligations.
- Repaid in full and terminated the Capital One Credit Agreement; total facility now $2.6B.
- Amendment effective September 14, 2026 with Wells Fargo as administrative agent and 18 lenders.