--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-22-026673" form_type: "8-K" ticker: "GHI" cik: "0001059142" company_name: "Greystone Housing Impact Investors LP" filed_at: "2022-12-16T23:59:59+00:00" generated_at: "2026-06-21T03:06:05.567094+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Greystone Housing Impact Investors LP issues $102.7M secured notes to refinance prior debt ## Summary - Issued $102.7M Taxable Secured Notes 2022 Series A; proceeds redeemed $102.7M of 2020 Series A notes. - Notes bear variable rate at USD-SOFR + 9.25%; TRS with Mizuho reduces net cost to USD-SOFR + 4.00% (4.25% floor). - Notes mature September 1, 2025, secured by Freddie Mac TEBS Class B Certificates. - GHI guarantees Issuer's obligations via a limited guaranty; funds used to repay prior notes. ## SEC filing metadata - accession: 0000950170-22-026673 - form_type: 8-K - ticker: GHI - cik: 0001059142 - company_name: Greystone Housing Impact Investors LP - filed_at: 2022-12-16T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 1.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/0000950170-22-026673-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/ghi-20221214.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-22-026673 - JSON: https://secwatch.observer/filing/0000950170-22-026673.json - Plain text: https://secwatch.observer/filing/0000950170-22-026673.txt ## Key facts - Debt Financings Greystone Housing Impact Investors LP entered an off-balance-sheet arrangement for debt of $102.7 million with Mizuho Capital Markets LLC at USD-SOFR plus 4.00%, with an all-in interest rate floor of 4.25%. - Principal: $102.7 million - Counterparty: Mizuho Capital Markets LLC - Rate: USD-SOFR plus 4.00%, with an all-in interest rate floor of 4.25% - Event: off balance sheet source text: The TRS transaction has an initial notional amount of $102.7 million and reduces the Partnership’s net interest cost to a rate equal to USD-SOFR plus 4.00%, with an all-in interest rate floor of 4.25%. evidence_url: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/0000950170-22-026673-index.htm - Debt Financings Greystone Housing Impact Investors LP incurred senior notes of $102.7 million with U.S. Bank Trust Company, National Association (as trustee) at USD-SOFR plus 9.25% maturing September 1, 2025. - Instrument: senior notes - Principal: $102.7 million - Counterparty: U.S. Bank Trust Company, National Association (as trustee) - Rate: USD-SOFR plus 9.25% - Maturity: September 1, 2025 - Event: incurrence source text: On December 14, 2022, Greystone Housing Impact Investors LP (formerly America First Multifamily Investors, L.P., the “Partnership”), and its affiliate, ATAX TEBS Holdings, LLC (the “Issuer”), entered into a number of agreements pursuant to which the Issuer issued $102.7 million aggregate principal amount of Taxable Secured Notes 2022 Series A (“Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/0000950170-22-026673-index.htm - Material Agreements Greystone Housing Impact Investors LP entered into Supplemental Agreement with FMSbonds, Inc., Mizuho Capital Markets LLC, and U.S. Bank Trust Company, National Association valued at $102.7 million (effective 2022-12-14). - Action: entry - Agreement: underwriting - Counterparty: FMSbonds, Inc., Mizuho Capital Markets LLC, and U.S. Bank Trust Company, National Association - Value: $102.7 million - Effective: 2022-12-14 source text: and a Supplemental Agreement dated as of December 14, 2022 (the “Supplemental Agreement”) by and between the Issuer, FMSbonds, Inc., as underwriter (“FMS”), Mizuho Capital Markets LLC, as noteholder representative (“Mizuho”), and the Trustee. evidence_url: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/0000950170-22-026673-index.htm - Material Agreements Greystone Housing Impact Investors LP entered into Indenture with U.S. Bank Trust Company, National Association valued at $102.7 million (effective 2022-12-14). - Action: entry - Agreement: notes offering - Counterparty: U.S. Bank Trust Company, National Association - Value: $102.7 million - Effective: 2022-12-14 source text: The Notes were issued under an Indenture of Trust dated as of December 14, 2022 (the “Indenture”) by and between the Issuer and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”), and a Supplemental Agreement dated as of December 14, 2022 (the “Supplemental Agreement”) by and between the Issuer, FMSbonds, Inc., as underwriter (“FMS”), Mizuho Capital Markets LLC, as noteholder representative (“Mizuho”), and the Trustee. evidence_url: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/0000950170-22-026673-index.htm - Material Agreements Greystone Housing Impact Investors LP entered into Guaranty with U.S. Bank Trust Company, National Association (effective 2022-12-14). - Action: entry - Counterparty: U.S. Bank Trust Company, National Association - Effective: 2022-12-14 source text: The Partnership entered into a Limited Guaranty, Pledge of Sole Membership Interests and Security Agreement with the Trustee dated as of December 14, 2022 (the “Guaranty”) which sets forth the terms by which the Partnership, as the sole member of the Issuer, has guaranteed the payment and performance of the responsibilities of the Issuer under the Notes and related documents. evidence_url: https://www.sec.gov/Archives/edgar/data/1059142/000095017022026673/0000950170-22-026673-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.