secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Property Trust Inc. (RPT)
CIK:        0001614806
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001104659-22-095135
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Ajax subsidiary closes $110M private offering of 8.875% senior notes due 2027
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- $110M aggregate principal, 8.875% coupon, maturity Sept 1, 2027.
- Notes issued by OP subsidiary, fully guaranteed by Great Ajax and two subs.
- Proceeds to buy back preferred stock (7.25% Series A & 5% Series B) at discount plus warrants.
- Senior unsecured, rank equally with other senior debt, effectively subordinated to secured debt.
- Not redeemable before Sept 1, 2024; thereafter callable at 100% plus applicable premium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614806/000110465922095135/0001104659-22-095135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614806/000110465922095135/tm2224664d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-095135

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