Federal Realty Secures $1.4B Credit Facility & New Term Loans

Federal Realty OP LP entered into a Third Amended and Restated Credit Agreement, establishing a new $1.4 billion unsecured revolving credit facility with a maturity date of April 12, 2030, replacing the previous $1.25 billion facility. Additionally, the Partnership secured two new unsecured term loan facilities: $300 million maturing April 14, 2029, and $200 million maturing April 14, 2031. The proceeds from these new term loans will be used to repay existing term loans and for general corporate purposes, enhancing the company's financial flexibility and extending its debt maturities.