| Item 1.01. | Entry into a Material Definitive Agreement. |
On September 12, 2024, Acadia Realty Limited Partnership, a Delaware limited partnership (the "Operating Partnership"), and its general partner, Acadia Realty Trust, a Maryland real estate investment trust (the "Company"), entered into a Consent and Second Amendment (the "Amendment") to the Third Amended and Restated Credit Agreement, dated as of April 15, 2024, by and among the Operating Partnership, as borrower, the Company and certain subsidiaries of the Operating Partnership from time to time party thereto, as guarantors, Bank of America, N.A., as administrative agent, and the lenders and letter of credit issuers party thereto (the "Credit Facility").
The Amendment provides for an increase in the revolving credit facility under the Credit Facility from $350.0 million to $525.0 million, on the same terms and conditions as the existing revolving credit facility. The Amendment also increases the capacity limit on the accordion feature under the existing Credit Facility from $900.0 million to $1.1 billion, on the same terms and conditions otherwise set forth in the Credit Facility.
The above summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
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Acadia Realty Trust published this content on 13 September 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on September 13, 2024 at 12:15:05 UTC.