Saul Centers Inc. Enters New Credit Agreement with Major Financial Institutions, Replacing Existing Loan Arrangement

Reuters
Aug 06
<a href="https://laohu8.com/S/BFS">Saul Centers Inc</a>. Enters New Credit Agreement with Major Financial Institutions, Replacing Existing Loan Arrangement

On July 30, 2025, Saul Holdings Limited Partnership, the operating partnership of Saul Centers, Inc., finalized a new Credit Agreement with several financial institutions. The agreement, which includes Wells Fargo Securities, Capital One, U.S. Bank, Truist Bank, The Huntington National Bank, Associated Bank, and Atlantic Union Bank as lenders, establishes a New Credit Facility primarily based on the operating income from the Partnership's and its subsidiaries' unencumbered properties. The agreement details interest accruals at the Secured Overnight Financing Rate $(SOFR)$ plus specified spreads, with current applicable spreads of 1.40% for the New Revolving Line and 1.35% for the New Term Loan. Additionally, the agreement includes covenants on investments, liens, and major transactions, as well as a financial covenant limiting the ratio of Total Indebtedness to Total Asset Value to a maximum of 0.6 to 1.0. This new agreement replaces an existing one, continuing Saul Centers Inc.'s strategic financial management.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saul Centers Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000907254-25-000098), on August 05, 2025, and is solely responsible for the information contained therein.

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