{"schema_version":"secwatch.filing_event.v1","accession":"0000104894-24-000069","form_type":"8-K","ticker":"ELME","cik":"0000104894","company_name":"Elme Communities","filed_at":"2024-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.019660+00:00","generated_at":"2026-05-31T21:40:10.193319+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Elme Communities enters $500M revolver, replacing $700M facility and repaid term loan","bullets":["New $500M unsecured revolver matures July 10, 2028; initial rate SOFR + 0.85% plus 0.10% adjustment, facility fee 0.20%.","$167M drawn at closing; prior $700M revolver and $250M term loan (fully repaid) replaced.","Option to increase commitments up to $1.0B with lender consent; two six-month extension options available.","Amendment to existing term loan with Truist Bank aligns covenants; no change to maturity or pricing.","No subsidiary guarantees required now; potential future guarantees if subsidiary guarantees >$200M other debt or incurs recourse debt."],"urls":{"canonical":"https://secwatch.observer/filing/0000104894-24-000069","json":"https://secwatch.observer/filing/0000104894-24-000069.json","markdown":"https://secwatch.observer/filing/0000104894-24-000069.md","text":"https://secwatch.observer/filing/0000104894-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/104894/000010489424000069/0000104894-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/104894/000010489424000069/elme-20240710.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:40:10.193319+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}