Orion Properties Inc. — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Orion Properties LP and parent Orion Properties Inc. executed a First Amendment to their $215M revolving credit facility dated May 15, 2026, with Wells Fargo (Administrative Agent), TD Bank, JPMorgan Chase, and MidFirst Bank as Lenders. The amendment modifies certain provisions of the original February 18, 2026 Credit Agreement, adds new schedules (8.16(l) for Specified Leases and 7.1(aa)(xiii) for Bond Documents), and amends Schedule 8.16(j) regarding collateral property repairs. Specific dollar amounts, rate changes, or financial covenant modifications are not detailed in this filing excerpt; the document primarily contains the amended agreement's standard terms, definitions, and boilerplate provisions. No Guarantors were identified as non-consenting.
Why this rating
Amendment is administrative modification to existing facility; no new money, material covenant tightening, or operational impact disclosed. Routine refinement relative to $117.4M company market cap.
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