secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0000950170-24-128164
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SST VI extends $107.6M Huntington credit facility to 2027, fixes interest rate swap at 2.89%
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- Maturity extended two years to Nov 30, 2027; principal balance unchanged at $107.6M.
- Interest rate swap fixed at 2.89% SOFR via Nov 2027, all-in rate 5.50%.
- Recourse guaranty increased from 25% to 50%; new borrower added (8570 S Durango Dr LLC).
- Huntington bought Flagstar's 40% share, now sole lender; no prepayment premium.
- Modification fee $322,722; interest rate changed to Term SOFR + 2.61%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024128164/0000950170-24-128164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024128164/sstvi-20241115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-128164

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