Federal Realty Investment Trust announced that its operating partnership, Federal Realty OP LP, has entered into a new Term Loan Agreement with a group of financial institutions, with Truist Bank serving as Administrative Agent. The agreement allows the partnership to borrow up to $250 million in unsecured term loans, with an option to increase total borrowings to $500 million through an accordion feature. The loans will mature on January 31, 2031. Interest rates under the agreement are based on either SOFR or a base rate, plus an applicable margin determined by the partnership's credit rating, with current SOFR loan margins set at 85 basis points. As of the announcement, there are no outstanding borrowings under the agreement. The agreement includes covenants and restrictions similar to those in the partnership's existing credit facilities. Affiliates of some lenders have previously provided, and may continue to provide, various financial services to Federal Realty Investment Trust and its affiliates.