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:   2022-06-22T23:59:59+00:00
Accession:  0001104659-22-073559
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NEN enters $80.3M credit facility amendment with KeyBank at 4.33% fixed rate
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- Advanced $80,284,000 under amended Master Credit Facility; fixed interest rate 4.33%.
- Used ~$37.1M to pay down existing debt on 4 properties plus ~$910K prepayment penalties.
- Remaining ~$42.3M proceeds for general partnership purposes.
- Facility secured by mortgages on Courtyard at Westgate, Hamilton Village, Stonebridge Apartments, Westgate Apartments.
- Maturity and other terms per Master Credit Facility Agreement dated Nov 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746514/000110465922073559/0001104659-22-073559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746514/000110465922073559/tm2219087d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-073559

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