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AI brief of an SEC Form 8-K · Acadia Realty Trust (AKR)

Acadia Realty upsizes credit revolver to $350 million, extends maturity to April 2028

Neutral Impact 3 of 5 financing Written later

Acadia Realty Trust and its operating partnership entered into a Third Amended and Restated Credit Agreement on April 15, 2024, with Bank of America, N.A. as administrative agent. The filing increases the revolving credit facility from $300.0 million to $350.0 million and extends both the revolver and the $400.0 million term loan to April 15, 2028, which gives the company a longer borrowing window.

Key points

  • Revolving credit facility increased from $300.0 million to $350.0 million, including up to $60.0 million for letters of credit
  • Maturity extended from June 29, 2025 to April 15, 2028, with two additional six-month extension options
  • $400.0 million term loan extended from June 29, 2026 to April 15, 2028; accordion feature allows capacity up to $900 million
  • As of closing, SOFR margins were 1.25% for revolver loans and 1.4% for term loan loans; the agreement includes financial covenants and limits on dividend payouts and distributions

The filing

CompanyAcadia Realty Trust (AKR)
Form8-K, current report
Filed with the SECApr 16, 2024, 6:02 AM ET
Accession number0001104659-24-047435

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.