secwatch.observer — SEC 8-K summary
======================================

Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2022-10-14T23:59:59+00:00
Accession:  0001104659-22-108845
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners secures $75M revolving credit facility with MetLife, matures 2027
--------------------------------------------------------------------------------

- Up to $75M senior secured revolving line of credit with Brighthouse Life Insurance Company (MetLife affiliate).
- Interest at 3-month SOFR + 2.10% per annum with a 3.25% floor; floating rate spread adjustable Oct 2025.
- Maturity October 1, 2027; proceeds for property acquisitions, debt repayment, and general corporate purposes.
- Unfunded commitment fee of 20 bps; waived 50% if average daily outstanding balance exceeds 50% of facility.
- Guaranteed by Farmland Partners Inc. and its operating partnership; secured by first-lien mortgages on certain properties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000110465922108845/0001104659-22-108845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000110465922108845/tm2228234d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-108845

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer