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AI brief of an SEC Form 8-K · Terreno Realty (TRNO)

Terreno Realty adds $100 million term loan under amended senior credit facility

Neutral Impact 3 of 5 financing Written later

On September 2, 2022, Terreno Realty LLC, a subsidiary of Terreno Realty Corporation, signed a second amendment to its senior credit agreement to add a $100.00 million term loan maturing January 15, 2028. The filing also describes an accordion feature that could raise the facility by up to $500.0 million, to a maximum of $1.1 billion, subject to lender approval.

Key points

  • New $100.00 million term loan matures January 15, 2028; KeyBank National Association is administrative agent
  • Borrowings limited to the lesser of the $400.0 million revolver plus two $100.0 million term loans, or 60.0% of unencumbered property value
  • Interest priced at SOFR plus 1.0% to 1.45% for the revolver and 1.15% to 1.65% for term loans, based on leverage

The filing

CompanyTerreno Realty (TRNO)
Form8-K, current report
Filed with the SECSep 6, 2022, 4:31 PM ET
Accession number0001193125-22-238886

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, 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 September 06, 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.