secwatch.observer — SEC 8-K summary
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Issuer:     Greystone Housing Impact Investors LP (GHI)
CIK:        0001059142
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000950170-23-059473
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greystone Housing completes $61.5M TEBS residual financing at 7.125% fixed rate
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- Net proceeds ~$60.4M; $57.9M used to repay existing Secured Notes, reducing outstanding to ~$20.3M.
- CEO says new non-recourse, non-mark-to-market financing provides ~3.9% effective interest cost savings vs prior variable-rate debt.
- Partnership retained $20.5M of residual Class B-2 Certificates entitled to remaining cash flows after senior payments.
- Class B-1 Certificates bear fixed 7.125% interest, payable monthly; term ends at earlier of repayment or July 25, 2034.
- Transaction closed Nov 1, 2023; Partnership remains administrator with residual obligations under Freddie Mac support agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059142/000095017023059473/0000950170-23-059473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059142/000095017023059473/ghi-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059473

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