secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0000885508-23-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Stratus Properties amends credit facility; extends maturity to March 27, 2025, raises BSBY floor to 0.5%
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- Fifth Modification effective March 10, 2023 extends revolving credit facility maturity to March 27, 2025.
- BSBY rate floor increased from 0.0% to 0.5%; interest now one-month BSBY + 4.0% (floor 0.5%).
- Maximum borrowing capacity $53.7M; $42.7M available after $11.0M in letters of credit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000009/0000885508-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000009/strs-20230310.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000009

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