Opening the filing
8-K
Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Item 1.01. Entry into a Material Definitive Agreement.
On September 14, 2026, Essential Properties Realty Trust, Inc. (the “Company”), through its operating partnership Essential Properties, L.P., entered into an eighth amendment to the Company’s Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as Administrative Agent, and the lenders party thereto, predominantly in relation to the Revolving Credit Facility thereunder. After giving effect to such amendment, the Credit Agreement provides for an increase in the commitments under the Revolving Credit Facility from $1.0 billion to $1.3 billion. Among other things, the amendment also: (i) reduced the pricing set forth in the margin grid for the Revolving Credit Facility and term loans under the Credit Agreement, (ii) released the Subsidiary Guarantors from their respective Guarantee Obligations and as Loan Parties under the Credit Agreement and related Loan Documents, and (iii) reset the accordion feature in the Credit Agreement to permit $700.0 million of availability thereunder. In connection with the amendment, the Company repaid in full its obligations under its Capital One Credit Agreement and terminated such agreement.
The description of the Credit Agreement contained in this Current Report on Form 8-K does not purport to be complete and is qualified in its entirety by reference to the Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 1.02. Termination of a Material Definitive Agreement.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.