Item 1.01. Entry into a Material Definitive Agreement.

Amendment to Term Loan Agreement



On April 16, 2021, Federal Realty Investment Trust (the "Company") entered into
an amendment (the "Amendment") to its Term Loan Agreement, dated May 6, 2020,
among the Company, as Borrower, the financial institutions party thereto and
their permitted assignees, as Lenders, PNC Bank, National Association, as
Administrative Agent, and the other parties thereto (the "Agreement"). Among
other things, the Amendment extended the maturity date of the unsecured term
loan outstanding under the Agreement from May 6, 2021 to April 16, 2024. Under
the Amendment, the Company has the right, exercisable two times, to extend the
maturity date by twelve months. The Amendment also reduced the applicable
margins used to calculate the interest rates on loans outstanding under the
Agreement, as set forth therein, to the amounts provided in the following table:



                                                                                             Applicable
             Borrower's Credit Rating (S&P/Moody's         Applicable Margin for           Margin for all
Level                   or equivalent)                        all LIBOR Loans              Base Rate Loans
1           A/A2 (or equivalent) or better                                  0.750 %                   0.750 %
2           A-/A3 (or equivalent)                                           0.800 %                   0.800 %
3           BBB+/Baa1 (or equivalent)                                       0.850 %                   0.850 %
4           BBB/Baa2 (or equivalent)                                        1.000 %                   1.000 %
5           BBB-/Baa3 (or equivalent)                                       1.250 %                   1.250 %
6           Lower than BBB-/Baa3 (or equivalent)                            1.650 %                   1.650 %


In connection with the Amendment, the Company repaid $100,000,000 of principal
amount outstanding under the Agreement, leaving $300,000,000 as the remaining
principal amount outstanding thereunder. The Amendment also added an accordion
feature allowing the Company to increase the principal balance under the
Agreement to up to $500,000,000.

The foregoing summary of the Amendment does not constitute a complete description of, and is qualified in its entirety by reference to, the terms and conditions of the Amendment, which is filed herewith as Exhibit 10.1.

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Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.



Exhibit
  No.                                    Description

10.1          First Amendment to Term Loan Agreement, dated as of April 16, 2021,
            by and among the Lenders, New Lenders, Departing Lenders (as each such
            term is defined therein) and PNC Bank, National Association, as
            Administrative Agent

104         Cover Page Interactive Data File (the Cover Page Interactive Data File
            is embedded within the Inline XBRL document)

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