American Assets Trust, Inc. (AAT) and American Assets Trust, L.P. entered into a Fourth Amended and Restated Credit Agreement on April 1, 2026, replacing the previous agreement from January 5, 2022. The new agreement provides for aggregate unsecured borrowings of up to $600 million. The revolving line of credit (Revolver Loan) was increased from $400 million to $500 million. The Revolver Loan's initial maturity date is extended to April 1, 2030, with options for two six-month extensions. A $100 million term loan's initial maturity date is also extended to April 1, 2030, with an option for one twelve-month extension. Borrowings bear interest at floating rates based on SOFR (Secured Overnight Financing Rate) or a base rate, plus a spread determined by the company's consolidated total leverage ratio or investment grade debt ratings. The agreement includes customary affirmative and negative covenants, including financial reporting requirements and maintenance of specific financial ratios.