---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034416"
form_type: "8-K"
ticker: "ACR"
cik: "0001332551"
company_name: "ACRES Commercial Realty Corp."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T02:58:49.971454+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ACRES Commercial Realty amends JPMorgan facility covenants, extends maturity to 2026

## Summary
- Liquidity requirement set at $15M or 7.5% of outstanding repurchase price through Dec 2024, then $10M or 5%.
- Total Indebtedness to Total Equity ratio capped at 5.50:1.00 through 2024, then 6.00:1.00.
- EBITDA to Interest Expense ratio set at 1.25:1.00 through 2024, then 1.50:1.00.
- Master repurchase agreement maturity extended from Oct 26, 2024 to July 21, 2026; optional extension to July 21, 2028.
- Seller paid a $458,904 fee for the amendment.

## SEC filing metadata
- accession: 0000950170-23-034416
- form_type: 8-K
- ticker: ACR
- cik: 0001332551
- company_name: ACRES Commercial Realty Corp.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1332551/000095017023034416/0000950170-23-034416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1332551/000095017023034416/acr-20230721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034416
- JSON: https://secwatch.observer/filing/0000950170-23-034416.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034416.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.