secwatch.observer — SEC 8-K summary
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Issuer:     Broad Street Realty, Inc. (BRST)
CIK:        0000764897
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0000950170-22-004798
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broad Street Realty extends loan maturity, adds $2M term loan at 6.75%, eases EBITDA covenant
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- Maturity of $4.5M term loan and $2M revolver extended to June 27, 2023 from Dec 27, 2022.
- New $2M term loan at 6.75% fixed rate, matures June 27, 2023; advances available until Sept 22, 2022.
- Required principal curtailments: $250K each by March 31, 2022, Sept 30, 2022, and March 31, 2023.
- EBITDA to funded debt ratio minimum reduced from 8.0% to 7.0%; BSV Cromwell Land released as guarantor.
- Exit fee of 2% of aggregate principal at maturity or prepayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764897/000095017022004798/0000950170-22-004798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764897/000095017022004798/brst-20220322.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-004798

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