Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Unsecured Revolving Credit Facility Amendment On March 2, 2023, Retail Opportunity Investments Corp. (the "Company"), as parent guarantor, and Retail Opportunity Investments Partnership, LP (the "Operating Partnership"), the operating partnership subsidiary of the Company, as borrower, entered into the Third Amendment to Second Amended and Restated Credit Agreement with KeyBank National Association, as Administrative Agent (the "Administrative Agent"), and the other lenders party thereto (the "Credit Agreement Amendment"), which amends the Second Amended and Restated Credit Agreement, dated as of September 8, 2017, as amended (the "Credit Agreement"), by and among the Company, as parent guarantor, the Operating Partnership, as borrower, KeyBank National Association, as Administrative Agent, Swing Line Lender and L/C Issuer, PNC Bank National Association and U.S. Bank National Association, as Co-Syndication Agents and the other lenders party thereto. Pursuant to the Credit Agreement Amendment, the lenders agreed to, among other things, (i) extend the Initial Maturity Date (as defined in the Credit Agreement) to March 2, 2027, (ii) transition the interest rate to the Secured Overnight Financing Rate ("SOFR"), and (iii) adjust the existing pricing grid and […]
Click here to view original web page at www.marketscreener.com
