Item 1.01. Entry Into a Material Definitive Agreement.
The information discussed under Item 2.03 of this Current Report on Form8-K is incorporated by reference into this Item 1.01.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant.
As previously disclosed, on October 24, 2018, Nuveen Global Cities REIT OP, LP (the “Borrower”), a wholly owned subsidiary of Nuveen Global Cities REIT, Inc. (the “Company”), as borrower, and the Company, as parent, entered into a credit agreement (“Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as lead arranger and sole book runner. The Credit Agreement provides for aggregate commitments of up to $60,000,000 for unsecured revolving loans, with an accordion feature pursuant to which the Borrower may increase the aggregate commitments to up to $500,000,000, subject to the satisfaction of certain conditions (the “Credit Facility”). On December 17, 2018, the Borrower and the Company amended the Credit Agreement to increase the Credit Facility from $60,000,000 to $150,000,000 in aggregate commitments, with all other terms remaining the same.
On June 11, 2019, the Borrower and the Company amended the Credit Agreement to increase the Credit Facility from $150,000,000 to $210,000,000 in aggregate commitments, with all other terms remaining the same. The Borrower may use the proceeds of borrowings under the Credit Agreement for funding general business purposes of the Borrower and its subsidiaries in the ordinary course of business, including financing certain real estate portfolio investments.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.