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THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Signed Jun 24, 2026

Committed
$1bn
Matures
Jun 2030
Agent
WELLS FARGO BANK, NATIONAL ASSOCIATION
TrancheSizeMaturesMargin
Revolving Credit Facility$1bnJun 203073–140 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level 1A-/A3 or better73 bpsn/a
Level 2BBB+/Baa178 bpsn/a
Level 3BBB/Baa290 bpsn/a
Level 4BBB-/Baa3105 bpsn/a
Level 5Lower than BBB-/Baa3140 bpsn/a

Lenders: WELLS FARGO SECURITIES, LLC, BOFA SECURITIES, INC., PNC CAPITAL MARKETS LLC, REGIONS CAPITAL MARKETS, A DIVISION OF Regions bank, U.S. Bank, national association, BMO CAPITAL MARKETS CORP., Wells Fargo Bank, National Association, Bank of America, N.A., PNC Bank, National Association, Regions Bank, U.S. Bank National Association, BMO Bank N.A.

Tested quarterlyHeadroom not yet measured0.60x
The ratio of (i) Consolidated Total Indebtedness to (ii) Consolidated Adjusted Asset Value, to exceed 0.60 to 1.00 at any time; provided, however, that if such ratio is greater than 0.60 to 1.00 but is not greater than 0.65 to 1.00, then the Borrower shall be deemed to be in compliance with this Section 9.1.(a) so long as (a) the Borrower completed a Material Acquisition which resulted in such ratio (after giving effect to such Material Acquisition) exceeding 0.60 to 1.00 at any time during the fiscal quarter in which such Material Acquisition took place and at any time during the three subsequent consecutive fiscal quarters thereafter, (b) the Borrower has not maintained compliance with this Section 9.1.(a) in reliance on this proviso more than once during the term of this Agreement and (c) such ratio (after giving effect to such Material Acquisition) is not greater than 0.65 to 1.00 at any time.
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Tested quarterlyHeadroom not yet measured1.50x
The ratio of (i) Adjusted EBITDA for the period of four consecutive fiscal quarters of the Parent most recently ending to (ii) Consolidated Fixed Charges for such period, to be less than 1.50 to 1.00 at any time.
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Tested quarterlyHeadroom not yet measured0.35x
The ratio of (i) Secured Indebtedness to (ii) Consolidated Adjusted Asset Value to exceed 0.35 to 1.00 at any time.
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Tested quarterlyHeadroom not yet measured0.60x
The ratio of (i) Consolidated Unsecured Indebtedness to (ii) Unencumbered Asset Value to exceed 0.60 to 1.00 at any time; provided, however, that if such ratio is greater than 0.60 to 1.00 but is not greater than 0.65 to 1.00, then the Borrower shall be deemed to be in compliance with this Section 9.1.(d) so long as (a) the Borrower completed a Material Acquisition which resulted in such ratio (after giving effect to such Material Acquisition) exceeding 0.60 to 1.00 at any time during the fiscal quarter in which such Material Acquisition took place and at any time during the three subsequent consecutive fiscal quarters thereafter, (b) the Borrower has not maintained compliance with this Section 9.1.(d) in reliance on this proviso more than once during the term of this Agreement and (c) such ratio (after giving effect to such Material Acquisition) is not greater than 0.65 to 1.00 at any time.
Read the filing on sec.gov ↗

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