secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0000950170-22-026961
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty enters amended $500M term loan facility with MassMutual
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- Amended loan agreement ups facility to $500M from prior arrangement, with five-year maturity per series.
- Interest rate based on 1-Month Term SOFR plus Applicable Spread, with advance rates mutually agreed.
- MassMutual serves as administrative agent, facility servicer, collateral custodian; ACRES Capital Servicing as portfolio asset servicer.
- Proceeds used to finance origination and acquisition of portfolio assets, pay expenses, and make restricted payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000095017022026961/0000950170-22-026961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000095017022026961/acr-20221222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026961

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