Item 1.01. Entry into a Material Definitive Agreement.
On August 23, 2022, Essential Properties Realty Trust, Inc. (the "Company") and
Essential Properties, L.P., the Company's operating partnership (the "Operating
Partnership"), entered into an amendment (the "Second Amendment") to the Credit
Agreement dated November 26, 2019, as previously amended, among the Company, the
Operating Partnership, Capital One, National Association, as Administrative
Agent, and the lenders party thereto (the "Credit Agreement"). The Credit
Agreement relates to the Company's $430.0 million term loan with a maturity date
of February 18, 2027. The Second Amendment made certain changes to provisions
relating to the rates and other matters to reflect changes in market standards.
A copy of the Second Amendment is attached hereto as Exhibit 10.1.
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.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Second Amendment to Credit Agreement, dated as of August 23, 2022
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
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