secwatch.observer — SEC 8-K summary
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Issuer:     GTJ REIT, INC. (—)
CIK:        0001368757
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0000950170-24-033240
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GTJ REIT closes $125M refinancing with American General Life Insurance, pays off $90M Keybank facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/gttj-20240315.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-033240

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