Terreno Realty Corp. Enters New Loan Agreement
Ticker: TRNO · Form: 8-K · Filed: Sep 30, 2024 · CIK: 1476150
| Field | Detail |
|---|---|
| Company | Terreno Realty Corp (TRNO) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $200.0 million, $600.0 million, $100.0 million, $450.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-financing, loan-agreement, material-definitive-agreement
Related Tickers: TRNO
TL;DR
TRNO just signed a new loan agreement, adding to its debt obligations.
AI Summary
On September 24, 2024, Terreno Realty Corp. entered into a material definitive agreement, specifically a loan agreement, creating a direct financial obligation. The company, headquartered in San Francisco, CA, filed this 8-K report on September 30, 2024, detailing this new financial commitment.
Why It Matters
This filing indicates Terreno Realty Corp. is taking on new debt, which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — Entering into new debt agreements can increase financial risk if not managed effectively.
Key Numbers
- 001-34603 — SEC File Number (Identifies Terreno Realty Corp.'s filing history)
- 27-1262675 — IRS Employer Identification No. (Tax identification for Terreno Realty Corp.)
Key Players & Entities
- Terreno Realty Corp. (company) — Registrant
- September 24, 2024 (date) — Date of earliest event reported
- September 30, 2024 (date) — Date of report
- 101 Montgomery Street, Suite 200, San Francisco, CA 94104 (location) — Business and Mail Address
FAQ
What type of material definitive agreement did Terreno Realty Corp. enter into?
Terreno Realty Corp. entered into a loan agreement, as indicated by the 'Creation of a Direct Financial Obligation' item information.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on September 24, 2024.
When was this 8-K report filed with the SEC?
This 8-K report was filed on September 30, 2024.
What is Terreno Realty Corp.'s principal executive office address?
Terreno Realty Corp.'s principal executive offices are located at 10500 NE 8th Street, Suite 1910, Bellevue, WA 98004.
What is Terreno Realty Corp.'s standard industrial classification?
Terreno Realty Corp.'s standard industrial classification is REAL ESTATE [6500].
Filing Stats: 991 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-09-30 16:15:30
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share TRNO New York S
- $200.0 million — crease the revolving credit facility by $200.0 million to $600.0 million and (ii) extend the m
- $600.0 million — ng credit facility by $200.0 million to $600.0 million and (ii) extend the maturity date for t
- $100.0 million — acility that matures in January 2029, a $100.0 million term loan that matures in January 2027
- $450.0 million — may be increased by up to an additional $450.0 million to a maximum aggregate amount not to ex
- $1.25 b — maximum aggregate amount not to exceed $1.25 billion, subject to the approval of the a
Filing Documents
- d887411d8k.htm (8-K) — 31KB
- d887411dex101.htm (EX-10.1) — 731KB
- 0001193125-24-229012.txt ( ) — 1051KB
- trno-20240924.xsd (EX-101.SCH) — 3KB
- trno-20240924_lab.xml (EX-101.LAB) — 18KB
- trno-20240924_pre.xml (EX-101.PRE) — 11KB
- d887411d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1* Third Amendment, dated as of September 24, 2024, to the Sixth Amended and Restated Senior Credit Agreement, among Terreno Realty LLC and the several lenders identified therein. 101.SCH* Inline XBRL Taxonomy Extension Schema Document 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document 104* Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101.*) * Filed herewith
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. Terreno Realty Corporation Date: September 30, 2024 By: /s/ Jaime J. Cannon Jaime J. Cannon Executive Vice President and Chief Financial Officer