secwatch.observer — SEC 8-K summary
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Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2026-08-26T20:30:39+00:00
Accession:  0000798359-26-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Centerspace cuts credit facility capacity by $150M to $250M
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- On Aug 21, 2026, notified Bank of Montreal of election to terminate accordion option.
- Borrowing capacity under Credit Agreement reduced from $400M to $250M, effective Aug 28, 2026.
- Reduction reverses May 2025 accordion exercise that had increased capacity by $150M.
- Other material terms of the Credit Agreement remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835926000088/0000798359-26-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835926000088/iret-20260821.htm
  HTML page:      https://secwatch.observer/filing/0000798359-26-000088

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