Postal Realty Trust entered into a Second Amended and Restated Credit Agreement to provide $275 million in revolving capacity and $340 million in term loans for general corporate purposes, including acquisitions and debt repayment. The facility, led by Truist Bank, includes maturities ranging from 2028 to 2031, with the revolver extendable by 12 months. Pricing is based on base rate or SOFR plus leverage-based margins, with an option to reduce margins by 0.02% upon meeting sustainability targets. The agreement also allows up to $335 million of additional capacity via accordion features, enhancing liquidity and flexibility.
Agreement details:
- Agreement type: Second Amended and Restated senior unsecured revolving and term loan credit facilities
- Counterparty: Truist Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: Revolver to Nov 15 2030 (extendable 12 months); term loans to 2028–2031
- Reason: Refinance debt and enhance liquidity for growth
Original SEC Filing:
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