---
schema_version: "secwatch.filing_event.v1"
accession: "0000798359-23-000077"
form_type: "8-K"
ticker: "CSR"
cik: "0000798359"
company_name: "CENTERSPACE"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:42:56.809997+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "medium"
source: SEC EDGAR
---

# Centerspace amends credit facility to replace LIBOR with SOFR, resets stock repurchase limit

## Summary
- Amendment dated May 31, 2023 replaces LIBOR with SOFR as benchmark rate under the existing facility.
- Outstanding LIBOR-indexed loans continue at current rate for their applicable interest period.
- Updated covenants and reset limit on repurchases of company common stock.
- Company to present at Nareit REITweek conference June 6-8; investor materials furnished as exhibit.
- Full amendment text filed as Exhibit 10.1; no financial data from investor presentation available in this filing.

## SEC filing metadata
- accession: 0000798359-23-000077
- form_type: 8-K
- ticker: CSR
- cik: 0000798359
- company_name: CENTERSPACE
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: medium
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798359/000079835923000077/0000798359-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798359/000079835923000077/iret-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798359-23-000077
- JSON: https://secwatch.observer/filing/0000798359-23-000077.json
- Plain text: https://secwatch.observer/filing/0000798359-23-000077.txt

## Key facts
- Material Agreements
  CENTERSPACE amended First Amendment to Third Amended and Restated Credit Agreement with Bank of Montreal valued at Amendment replaced LIBOR with SOFR as benchmark rate; updated covenants; reset repurchase limit (effective 2023-05-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of Montreal
  - Value: Amendment replaced LIBOR with SOFR as benchmark rate; updated covenants; reset repurchase limit
  - Effective: 2023-05-31
  source text: Entry into a Material Definitive Agreement. Effective May 31, 2023, Centerspace, LP (the “Partnership”), an indirect subsidiary of Centerspace (the “Company”), entered into a First Amendment to Third Amended and Restated Credit Agreement (the “Amendment”), which amended the Third Amended and Restated Credit Agreement (the “Facility”), dated as of September 30, 2021, in the case of each of the Amendment and the Facility made by and among the Partnership, each of the guarantors and lenders from time to time party thereto, and Bank of Montreal, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798359/000079835923000077/0000798359-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.