Terreno Realty amends senior credit facility, extends $100 million term loan to 2027
Terreno Realty LLC, a wholly-owned subsidiary of Terreno Realty Corporation, entered into a Sixth Amended and Restated Senior Credit Agreement with KeyBank and other lenders on August 20, 2021. The amendment removes a $50.0 million term loan tranche, extends the remaining $100.0 million term loan from 2022 to 2027, and raises the accordion feature by $50.0 million to $650.0 million.
Key points
- Remaining $100.0 million term loan now matures in January 2027, up from 2022
- Revolving credit facility is $250.0 million; borrowings limited to the lesser of that plus the term loan or 60.0% of unencumbered property value
- Interest margins range from 1.0% to 1.45% for the revolver and 1.15% to 1.65% for the term loan, based on leverage
- KeyBank is administrative agent; the facility is guaranteed by the company and is unsecured
The filing
Written by AI on Nov 8, 2026, 12:57 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 August 26, 2021.
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