Kite Realty amends credit facilities, cuts SOFR spread adjustment and term loan margins
Kite Realty Group Trust and its operating partnership amended their $1.1 billion revolving credit facility and $300 million term loan with KeyBank on July 28, 2025, and separately amended a $250 million term loan. The amendments remove the 0.10% SOFR spread adjustment and, for the $300 million term loan, lower the interest rate margin to a range of 0.75% to 1.60% from 1.15% to 2.20%, based on the operating partnership's credit rating. The changes reduce borrowing costs on existing debt, and the filing does not state any change in borrowing amounts or maturities.
Key points
- July 28, 2025: Fourth Amendment to the Credit Agreement covering a $1.1 billion revolving facility maturing October 3, 2028 and a $300 million term loan maturing July 29, 2029
- $300 million term loan margin range lowered to 0.75% to 1.60% from 1.15% to 2.20%
- Elimination of the 0.10% SOFR spread adjustment applies to all loans under the Credit Agreement
- Third Amendment on July 28, 2025 removes the 0.10% SOFR spread adjustment from the $250 million term loan maturing October 24, 2027
The filing
Written by AI on Nov 8, 2026, 1:05 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 July 30, 2025.
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.