secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0000950170-23-005556
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Sotherly Hotels amends Whitehall hotel mortgage; $14.2M principal, maturity extended to 2028
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- Principal balance of approximately $14.2 million; maturity extended to February 26, 2028.
- Floating interest rate of New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%.
- Loan continues to be guaranteed by Sotherly Hotels LP, the operating partnership.
- Amended loan documents contain customary representations, warranties, covenants and events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/soho-20230226.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005556

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