{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-144008","form_type":"8-K","ticker":"SHO","cik":"0001295810","company_name":"Sunstone Hotel Investors, Inc.","filed_at":"2021-11-26T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.936374+00:00","generated_at":"2026-06-28T05:16:18.730889+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sunstone Hotel extends covenant relief period through Sept 2022, amends credit and note agreements","bullets":["Covenant Relief Period extended through Sept 30, 2022, with minimum fixed charge coverage ratio of 1.0 required as of June 30, 2022.","Ratio Adjustment Period extended by one quarter; original covenants phased in over five quarters after relief period.","As of Nov 23, 2021, $0 drawn on $500M revolver and $185M in term loans outstanding.","Fourth Note Agreement Amendment allows high yield bond issuance (≥$300M) to prepay the $205M outstanding Notes; change of control premium set at 102% until Nov 2023.","Effectiveness of amendments conditioned on either high yield bond issuance or asset sales generating ≥$130M net proceeds by Dec 31, 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-144008","json":"https://secwatch.observer/filing/0001104659-21-144008.json","markdown":"https://secwatch.observer/filing/0001104659-21-144008.md","text":"https://secwatch.observer/filing/0001104659-21-144008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1295810/000110465921144008/0001104659-21-144008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1295810/000110465921144008/tm2133804d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T05:16:18.730889+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}