secwatch.observer — SEC 8-K summary
======================================

Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0000798359-23-000077
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000077/0000798359-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000077/iret-20230531.htm
  HTML page:      https://secwatch.observer/filing/0000798359-23-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer