The company said Federal Realty OP LP entered into a Term Loan Agreement on November 17, 2025 with Truist Bank as Administrative Agent, allowing it to borrow up to $250 million in unsecured term loans.

1. 01

   The company said Federal Realty OP LP entered into a Term Loan Agreement on November 17, 2025 with Truist Bank as Administrative Agent, allowing it to borrow up to $250 million in unsecured term loans.

2. 02

   Federal Realty said it may request additional loans under an accordion feature, up to an aggregate maximum of $500 million, and that all loans under the agreement mature on January 31, 2031. It said the partnership had no outstanding borrowings under the agreement as of the date of the report.

3. 03

   The company said loan interest rates are based on either SOFR or the Base Rate, plus a margin that depends on the partnership's credit rating. It said SOFR loan margins range from 75 to 160 basis points, Base Rate loan margins range from 0 to 60 basis points, and the SOFR loan margin was 85 basis points as of the date of the report.

4. 04

   The company said the agreement includes financial maintenance covenants, including a minimum fixed charge coverage ratio, a maximum secured indebtedness ratio and a minimum unencumbered leverage ratio, as well as a cross default provision. It said a covenant breach or event of default could result in acceleration of the debt.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.