Item 1.01. Entry into a Material Definitive Agreement.
On
The Term Loan Agreement provides for a
The Term Loans mature on the date that is 364 days after the closing date. The Term Loan Agreement also includes two twelve-month maturity extensions that can be exercised at the Company's option on the terms as set forth in the Term Loan Agreement.
The Term Loans bear interest at different benchmark rates based on the currency
of the borrowings, including SONIA (the Sterling Overnight Index Average) for
borrowings denominated in Sterling, EURIBOR (the Euro Interbank Offered Rate)
for borrowings denominated in Euros, and SOFR (the secured overnight financing
rate as administered by the
The Term Loan Agreement contains customary and other affirmative covenants, including financial reporting requirements, negative covenants, including maintenance of certain financial requirements, and other customary events of default.
The foregoing description of the Term Loan Agreement is not, and does not purport to be, complete and is qualified in its entirety by reference to a copy of the Term Loan Agreement filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Term Loan Agreement, datedJanuary 6, 2023 , by and amongRealty Income Corporation , as borrower, the lender parties thereto, as lenders, andToronto Dominion (Texas) LLC , as administrative agent. 104 The Form 8-K cover page, formatted in Inline Extensible Business Reporting Language and included as Exhibit 101
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