Company: FRT-PC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000034903-25-000016
Chunk: 144

Company: FEDERAL REALTY INVESTMENT TRUST
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 144
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 $600.0 million 3.95% senior unsecured notes at maturity.On February 6, 2024, we exercised our first option and extended the maturity date of our $600.0 million unsecured term loan to April 16, 2025, with an additional one year extension at our option still available to further extend the loan to April 16, 2026.During 2024, 2023 and 2022, the maximum amount of borrowings outstanding under our revolving credit facility was $202.7 million, $115.5 million and $330.0 million, respectively. The weighted average amount of borrowings outstanding was $33.5 million, $44.7 million and $80.3 million, respectively, and the weighted average interest rate, before amortization of debt fees, was 6.1%, 5.9% and 3.2%, respectively. The revolving credit facility requires an annual facility fee which is $1.9 million under the amended credit agreement. At December 31, 2024 and December 31, 2023, our revolving credit facility had no balance outstanding.Our revolving credit facility, term loan, and certain notes require us to comply with various financial covenants, including the maintenance of minimum shareholders’ equity and debt coverage ratios and a maximum ratio of debt to net worth. As of December 31, 2024, we were in compliance with all default related debt covenants.

F-28

Scheduled principal payments on mortgages payable, notes payable, senior notes and debentures as of December 31, 2024 are as follows:MortgagesPayableNotesPayableSenior Notes andDebenturesTotalPrincipal (In thousands) Year ending December 31,2025$247,592 (1)$600,538 (2)$— $848,130   202626,282 99 429,200 455,581   2027178,282 43 (3)515,000 693,325   20282,511   — 350,000 352,511   202960,434   — 885,000 945,434   Thereafter743   1,000   1,200,000 1,201,743   $515,844   $601,680   $3,379,200 $4,496,724 (