JBG SMITH amends two Wells Fargo term loans, aligning covenants with revolver
On July 24, 2023, JBG SMITH Properties LP amended its $200 million Tranche A-1 and $400 million Tranche A-2 unsecured term loans with Wells Fargo to match the financial covenants in its restated Bank of America revolving credit agreement. The filing describes the changes as aligning covenants and makes other changes it calls immaterial, and no new borrowing amount is disclosed.
- July 24, 2023: Second Amendment to the $200 million Tranche A-1 term loan and First Amendment to the $400 million Tranche A-2 term loan signed with Wells Fargo as administrative agent
- Financial covenants changed to align with the Restated Revolving Credit Agreement, dated June 29, 2023, with Bank of America as administrative agent
- Filing states the other provision changes are immaterial and the original terms otherwise remain in effect