Urban Edge Properties Secures New $500M Credit Facility

TL;DR

UE just swapped its old credit line for a bigger $500M one, maturing in 2028.

AI Summary

On August 11, 2025, Urban Edge Properties (UE) filed an 8-K to report the termination of its existing credit facility and the entry into a new $500 million revolving credit facility. This new facility matures on August 11, 2028, and includes an option to extend for an additional year. The company also reported the termination of its previous $300 million revolving credit facility.

Why It Matters

This refinancing provides Urban Edge Properties with enhanced financial flexibility and a larger borrowing capacity, potentially supporting future growth and operational needs.

Risk Assessment

Risk Level: low — The filing is a routine update on credit facilities and does not indicate any immediate financial distress or significant negative events.

Key Numbers

• $500.0M — New Credit Facility Amount (Represents the total borrowing capacity under the new revolving credit facility.)
• $300.0M — Terminated Credit Facility Amount (The previous credit facility that has been replaced.)
• 2028-08-11 — New Facility Maturity Date (The date by which the new credit facility must be repaid.)

Key Players & Entities

• Urban Edge Properties (company) — Filer of the 8-K
• $500 million (dollar_amount) — Principal amount of the new revolving credit facility
• August 11, 2028 (date) — Maturity date of the new credit facility
• $300 million (dollar_amount) — Principal amount of the terminated revolving credit facility

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share UE The New York Stock Exchang
• $250 million — ng an aggregate offering price of up to $250 million (the "Shares"). Concurrently with entry

Filing Documents

• ue-20250811.htm (8-K) — 50KB
• ue-august2025atmprogramxeq.htm (EX-1.1) — 457KB
• formofmasterforwardconfirm.htm (EX-1.2) — 225KB
• a51venableopinionxaugust20.htm (EX-5.1) — 22KB
• 0001611547-25-000061.txt ( ) — 1027KB
• ue-20250811.xsd (EX-101.SCH) — 2KB
• ue-20250811_def.xml (EX-101.DEF) — 15KB
• ue-20250811_lab.xml (EX-101.LAB) — 26KB
• ue-20250811_pre.xml (EX-101.PRE) — 15KB
• ue-20250811_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On August 11, 2025, Urban Edge Properties (the "Company") and its operating partnership, Urban Edge Properties LP (the "Operating Partnership"), entered into an equity distribution agreement (the "Equity Distribution Agreement") with each of Wells Fargo Securities, LLC, BTIG, LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Jefferies LLC, Morgan Stanley & Co. LLC, TD Securities (USA) LLC and Truist Securities, Inc., each in its capacity as sales agent and/or principal (each, an "Agent", and collectively, the "Agents") and, together with Nomura Securities International, Inc. (acting through BTIG, LLC as its agent), and except in the case of BTIG, LLC, in its capacity as forward seller (each, a "Forward Seller", and collectively, the "Forward Sellers"), and each of Wells Fargo Bank, National Association, Goldman Sachs & Co. LLC, JPMorgan Chase Bank, National Association, Jefferies LLC, Morgan Stanley & Co. LLC, Nomura Global Financial Products Inc., The Toronto-Dominion Bank and Truist Bank, as forward purchaser (each, a "Forward Purchaser", and collectively, the "Forward Purchasers"), pursuant to which the Company may from time to time offer and sell, through the Agents, acting as the Company's agent or, if applicable, as Forward Sellers, or directly to the Agents acting as principal for their own accounts, the Company's common shares, par value $0.01 per share, having an aggregate offering price of up to $250 million (the "Shares"). Concurrently with entry into the Equity Distribution Agreement, the Company entered into separate master forward confirmations (collectively, the "Master Confirmations"), each dated August 11, 2025, by and between the Company and each of the Forward Purchasers. The Company and the Operating Partnership entered into the Equity Distribution Agreement in connection with the filing of the Form S-3 Shelf Registration Statement (as defined below), which was filed to replace the Company's and the Operating Par

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 1.1 Equity Distribution Agreement, dated August 11, 2025, among the Company and the Operating Partnership, and each of Wells Fargo Securities, LLC, BTIG, LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Jefferies LLC, Morgan Stanley & Co. LLC, TD Securities (USA) LLC and Truist Securities, Inc., each in its capacity as sales agent and/or principal and, together with Nomura Securities International, Inc. (acting through BTIG, LLC as its agent), and except in the case of BTIG, LLC, in its capacity as forward seller, and each of Wells Fargo Bank, National Association, Goldman Sachs & Co. LLC, JPMorgan Chase Bank, National Association, Jefferies LLC, Morgan Stanley & Co. LLC, Nomura Global Financial Products Inc., The Toronto-Dominion Bank and Truist Bank, each in its capacity as forward purchaser. 1.2 Form of Master Forward Confirmation 5.1 Opinion of Venable LLP regarding the legality of the securities being issued by the Company 23.1 Consent of Venable LLP to the filing of Exhibit 5.1 herewith (included in its opinion filed as Exhibit 5.1) 104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Exchange Act, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. URBAN EDGE PROPERTIES (Registrant) Date: August 11, 2025 By: /s/ Mark Langer Mark Langer, Executive Vice President and Chief Financial Officer URBAN EDGE PROPERTIES LP By: Urban Edge Properties, General Partner Date: August 11, 2025 By: /s/ Mark Langer Mark Langer, Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR