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

Acadia Realty Trust expands revolving credit facility to $525.0 million and repays $175.0 million term loan

Neutral Impact 3 of 5 financing Written later

Acadia Realty Trust's operating partnership amended its credit facility on September 12, 2024, raising the revolving credit line from $350.0 million to $525.0 million and the accordion capacity from $900.0 million to $1.1 billion. The same day, it used cash on hand and borrowings under the amended facility to repay in full a $175.0 million term loan, with no early termination penalties reported. The filing shows added borrowing capacity and a retired term loan, but it does not state the new facility's drawn balance or pricing changes.

Key points

  • Revolving credit facility increased from $350.0 million to $525.0 million on the same terms.
  • Accordion feature capacity raised from $900.0 million to $1.1 billion.
  • $175.0 million term loan under the April 6, 2022 agreement repaid in full on September 12, 2024.
  • No early termination penalties were incurred, according to the filing.

The filing

CompanyAcadia Realty Trust (AKR)
Form8-K, current report
Filed with the SECSep 13, 2024, 8:11 AM ET
Accession number0001104659-24-099537

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material 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 September 13, 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.