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Stock impact report

American Assets Trust, Inc. Increases Revolving Line of Credit to $400 Million and Extends Maturity Date in Its Third Amended and Restated Credit Agreement

American Assets Trust, Inc. (AAT) 
Last american assets trust, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: GlobeNewswire
SAN DIEGO, Jan. 05, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) announced today that it has amended and restated its existing credit agreement. The credit agreement was amended and restated to, among other things, (1) increase the revolving line of credit from $350 million to $400 million, (2) extend the maturity date of the restated $400 million revolving line of credit to January 5, 2026 (with two, six-month extension options), (3) extend the maturity date of the $100 million term loan included as part of the credit agreement to January 5, 2027 (with no further extension options), (4) decrease the applicable ratings-based pricing spreads and (5) transition borrowings to the Secured Overnight Financing Rate (SOFR), and away from LIBOR. The revolving line of credit and $100 million term loan are both unsecured. Additional information regarding the Third Amended and Restated Credit Agreement can be found in the Company’s Form 8-K filed on January Show less Read more
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