{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-033240","form_type":"8-K","ticker":null,"cik":"0001368757","company_name":"GTJ REIT, INC.","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.968570+00:00","generated_at":"2026-06-04T13:08:15.616857+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GTJ REIT closes $125M refinancing with American General Life Insurance, pays off $90M Keybank facility","bullets":["Seven-year term loan at 6.12% fixed rate, 30-year amortization, due April 1, 2031.","Proceeds used to repay $40M Keybank revolver and $50M term loan; $35M remaining for corporate purposes.","Loan secured by three properties located in New York and North Carolina.","GTJ Realty, L.P. guarantees obligations; prepayment premium applies before Oct 2030.","Refinancing extends debt maturity and reduces near-term liquidity risk."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-033240","json":"https://secwatch.observer/filing/0000950170-24-033240.json","markdown":"https://secwatch.observer/filing/0000950170-24-033240.md","text":"https://secwatch.observer/filing/0000950170-24-033240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/gttj-20240315.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T13:08:15.616857+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1ba4c03fbf6492dbd8ef2010c31034cf54c1aac","claim":"GTJ REIT, INC. incurred term loan of $125 million with American General Life Insurance Company at 6.12% per annum maturing April 1, 2031.","evidence_excerpt":"On March 15, 2024 (the “Closing Date”), certain indirect subsidiaries (collectively, the “Borrowers”) of GTJ REIT, Inc., a Maryland corporation (the “Company”), refinanced the current outstanding debt on certain properties (the “Refinancing”) by entering into a new loan agreement (the “Loan Agreement”) with American General Life Insurance Company as lender (the “Lender”). The Loan Agreement provides for a secured loan in the aggregate principal amount of $125 million (the “Loan Facility”). The Loan Facility is a seven-year term loan that requires the Borrowers to make payments based on a 30-year amortization schedule at the rate of 6.12% per annum with the entire principal balance plus any accrued and unpaid interest due and payable on April 1, 2031.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$125 million"},{"label":"Counterparty","value":"American General Life Insurance Company"},{"label":"Rate","value":"6.12% per annum"},{"label":"Maturity","value":"April 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"516aa72ad9bc388501ca69ba566badf1981bd62a","claim":"GTJ REIT, INC. entered into Loan Agreement with American General Life Insurance Company valued at $125 million (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024 (the “Closing Date”), certain indirect subsidiaries (collectively, the “Borrowers”) of GTJ REIT, Inc., a Maryland corporation (the “Company”), refinanced the current outstanding debt on certain properties (the “Refinancing”) by entering into a new loan agreement (the “Loan Agreement”) with American General Life Insurance Company as lender (the “Lender”). The Loan Agreement provides for a secured loan in the aggregate principal amount of $125 million (the “Loan Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"American General Life Insurance Company"},{"label":"Value","value":"$125 million"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}