Terreno Realty amends credit facility, raising revolver to $400.0 million
On June 29, 2022, subsidiary Terreno Realty LLC signed a First Amendment to its Sixth Amended and Restated Senior Credit Agreement. The amendment raises the revolving credit facility by $150.0 million to $400.0 million, reduces the accordion feature by $150.0 million, and moves interest pricing to SOFR. The filing describes this as a change to the company's existing borrowing terms rather than a new capital raise.
Key points
- Revolving credit facility increased by $150.0 million to $400.0 million; accordion feature decreased by $150.0 million.
- Borrowings limited to the lesser of $400.0 million revolver plus a $100.0 million term loan maturing in January 2027, or 60.0% of unencumbered property value.
- SOFR margin ranges from 1.0% to 1.45% for the revolver and 1.15% to 1.65% for the term loan, plus a 10 basis point credit adjustment.
- KeyBank National Association is administrative agent; PNC, MUFG Union Bank, Regions, U.S. Bank, Citizens, Huntington and Goldman Sachs Bank USA are lenders on the amendment.
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 July 05, 2022.
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.