secwatch.observer — SEC 8-K summary
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Issuer:     NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)
CIK:        0000746514
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0001104659-21-146740
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New England Realty enters $156M credit facility at 2.97% fixed, refinances $65M debt
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- Initial advance of $156M at 2.97% fixed rate from Keybank National Association.
- Proceeds used to repay ~$65M existing debt secured by 11 properties plus $3.1M prepayment penalties.
- Remaining ~$88M allocated for general partnership purposes.
- Obligations secured by mortgages on certain properties; facility dated Nov 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746514/000110465921146740/0001104659-21-146740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746514/000110465921146740/tm2134602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-146740

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