Alpine Income Property Trust, Inc. filed a Form 8-K on October 29, 2026, disclosing a first amendment to its credit agreement that increases its revolving credit facility and adds a new term loan, effective October 28, 2026.

Key Highlights

  • Revolving facility upsized: The aggregate commitments under the Revolving Facility increased from $250 million to $325 million.
  • New term loan added: A new $100 million senior unsecured term loan credit facility maturing in 2030 was originated under the amendment.
  • Combined facilities: The Facilities now include the $325 million Revolving Facility, the $100 million 2029 Term Loan Facility, the $100 million 2030 Term Loan Facility, and the $100 million 2031 Term Loan Facility.
  • Administrative agent: Truist Bank, N.A. continues as administrative agent for the syndicate of lenders.
  • Co-syndication agents: Capital One, National Association; KeyBank National Association; PNC Bank, National Association; Raymond James Bank; Regions Bank; and The Huntington National Bank served as co-syndication agents.
  • Amendment date: The Increase Agreement, Joinder, and First Amendment was entered into as of October 28, 2026.

Alpine Income Property Trust Amends and Expands Its Senior Unsecured Credit Agreement

According to the filing, Alpine Income Property Trust, Inc. (NYSE:PINE), through its operating partnership Alpine Income Property OP, LP as borrower, entered into an Increase Agreement, Joinder, and First Amendment to Amended and Restated Credit Agreement on October 28, 2026. The amendment modifies the Amended and Restated Credit Agreement that was originally entered into on February 4, 2026, with Truist Bank, N.A. as administrative agent and certain other lenders.

The filing discloses two specific changes made pursuant to the amendment. First, the aggregate commitments under the existing senior unsecured revolving credit facility were increased from $250 million to $325 million. Second, a new $100 million senior unsecured term loan credit facility maturing in 2030 was originated. Together with the previously existing $100 million 2029 Term Loan Facility and $100 million 2031 Term Loan Facility, the company's total credit facilities now span four tranches, according to the filing.

The filing identifies the participating lender group as a syndicate led by Truist. In addition to the six co-syndication agents, the filing names Associated Bank, National Association; Pinnacle Bank; and Stifel Bank and Trust as additional participating banks. The company noted that the description of the amendment "does not purport to be complete and is qualified in its entirety by reference to the text of the Amendment," a copy of which was filed as Exhibit 10.1. A press release dated October 29, 2026, was furnished as Exhibit 99.1 but was designated as not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

What Was Disclosed

Alpine Income Property Trust disclosed an amendment to its credit agreement that upsizes its revolving credit facility to $325 million and adds a new $100 million term loan maturing in 2030, expanding the total senior unsecured credit facilities to four tranches with Truist as administrative agent.