UDR amends credit agreement, extends $1.3 billion revolver to August 2028
UDR, Inc. entered into a second amendment to its credit agreement on August 14, 2024, extending its $1.3 billion senior unsecured revolving credit facility and adding an extension option to its $350 million term loan. The amended agreement allows total commitments and borrowings to be increased to up to $2.5 billion, subject to conditions, which gives the company expanded borrowing capacity.
Key points
- Revolving Credit Facility matures August 31, 2028, with two six-month extension options
- Term Loan matures January 31, 2027, with one twelve-month extension option
- Accordion feature allows up to $2.5 billion in aggregate commitments and borrowings, subject to lender commitments
- Based on current credit rating, revolver margin is 77.5 basis points and facility fee is 15 basis points
The filing
Written by AI on Nov 8, 2026, 12:56 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 19, 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.