COPT Defense Properties Enters New Credit Agreement
Ticker: CDP · Form: 8-K · Filed: Oct 10, 2025 · CIK: 860546
| Field | Detail |
|---|---|
| Company | Copt Defense Properties (CDP) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $800.0 million, $600.0 million, $100.0 million, $575.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-agreement, financing, debt
TL;DR
COPT just signed a new credit deal, locking in financing.
AI Summary
On October 6, 2025, COPT Defense Properties entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the registrant. The filing details the terms and conditions of this new financial arrangement.
Why It Matters
This filing indicates COPT Defense Properties has secured new financing, which could impact its operational capacity and financial flexibility.
Risk Assessment
Risk Level: low — The filing reports on a standard credit agreement, which is a routine financial activity for a company of this nature.
Key Players & Entities
- COPT Defense Properties (company) — Registrant
- October 6, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did COPT Defense Properties enter into?
COPT Defense Properties entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is October 6, 2025.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is COPT Defense Properties.
What is the SEC file number for COPT Defense Properties?
The SEC file number for COPT Defense Properties is 001-14023.
What is the state of incorporation for COPT Defense Properties?
COPT Defense Properties is incorporated in Maryland.
Filing Stats: 1,243 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2025-10-10 16:08:29
Key Financial Figures
- $0.01 — Common Shares of beneficial interest, $0.01 par value CDP New York Stock Exchange
- $800.0 million — aggregate commitment by the lenders of $800.0 million (increased from $600.0 million), which
- $600.0 million — nders of $800.0 million (increased from $600.0 million), which includes such lenders' obligati
- $100.0 million — revolving loans as well as issue up to $100.0 million under a letter of credit subfacility an
- $575.0 million — lity for CDPLP to request an additional $575.0 million (increased from $525.0 million), in the
- $525.0 million — ditional $575.0 million (increased from $525.0 million), in the aggregate, under the Amended C
Filing Documents
- cdp-20251006.htm (8-K) — 40KB
- cdp8-kdtd10062025ex991.htm (EX-99.1) — 1376KB
- 0000860546-25-000042.txt ( ) — 1754KB
- cdp-20251006.xsd (EX-101.SCH) — 2KB
- cdp-20251006_lab.xml (EX-101.LAB) — 22KB
- cdp-20251006_pre.xml (EX-101.PRE) — 13KB
- cdp-20251006_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement On October 6, 2025, COPT Defense Properties ("CDP") and COPT Defense Properties, L.P. ("CDPLP") (collectively referred to herein as the "Company") entered into the second amendment (the "Amendment") to credit agreement (as amended, the "Amended Credit Agreement") with a group of lenders, including: KeyBank National Association; PNC Bank, National Association; TD Bank National Association; M&T Bank, a New York banking corporation; Wells Fargo Bank, National Association; Fifth Third Bank, National Association; JPMorgan Chase Bank, N.A.; and Synovus Bank. The Amendment amends the terms of the credit agreement dated as of October 26, 2022, as subsequently amended by the first amendment to the credit agreement dated as of September 6, 2023, governing the Company's unsecured revolving credit facility (the "Revolving Credit Facility") and unsecured term loan facility (the "Term Loan"). See the description of this matter in Item 2.03 below. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On October 6, 2025, the Company entered into the Amendment. The resulting Amended Credit Agreement includes the following provisions: for the Revolving Credit Facility: an aggregate commitment by the lenders of $800.0 million (increased from $600.0 million), which includes such lenders' obligation to make revolving loans as well as issue up to $100.0 million under a letter of credit subfacility and up to $100.0 million under a swingline subfacility (same day draw requests); changes to the interest terms of the facility such that the variable interest rate is based on one of the following, to be selected by CDPLP: (1) the Secured Overnight Financing Rate ("SOFR") rate for the interest period designated by CDPLP plus 0.725% to 1.400%, as determined by the credit ratings assigned to CDPLP by S&P Global Ratings, Moody's Investors Service, Inc. or Fitch Rat
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Exhibit Title 99.1 Second Amendment to Credit Agreement, dated as of October 6, 2025, by and among COPT Defense Properties, L.P.; COPT Defense Properties; KeyBank National Association; PNC Bank, National Association ; TD Bank National Association; M&T Bank, a New York Banking Corporation; Wells Fargo Ban k, National Association; Fifth Third Bank, National Association; J P Morgan Cha se Bank, N.A.; and Synovus Bank (filed herewith). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COPT DEFENSE PROPERTIES /s/ Anthony Mifsud Anthony Mifsud Executive Vice President and Chief Financial Officer Date: October 10, 2025