Revolving credit facility expanded and pricing lowered
Essential Properties Realty Trust expanded its revolving credit facility commitments to $1.3 billion from $1 billion via an eighth credit agreement amendment.
The amendment lowered pricing in the margin grid for the revolving credit facility plus term loans under the credit agreement.
Subsidiary guarantors were released from their guarantee obligations and are no longer loan parties under the credit agreement or related loan documents.
The accordion feature was reset to allow $700 million of additional availability.
The company repaid all borrowings under its Capital One credit agreement and terminated the facility.
EPRT•
