secwatch.observer — SEC 8-K summary
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Issuer:     Community Healthcare Trust Inc (CHCT)
CIK:        0001631569
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001104659-22-127093
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Healthcare Trust closes $150M A-5 term loan, repays $135M in existing debt
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- Entered into $150M A-5 term loan facility maturing March 14, 2030 under amended credit agreement.
- Proceeds used to repay $50M A-2 term loan and $85M revolving facility; remainder for acquisitions.
- Total capacity increased to $700M via accordion; includes $150M revolver expiring 2026.
- Transitioned from LIBOR to SOFR as benchmark rate; interest spreads based on leverage ratio.
- Company intends to enter interest rate swaps to fix balance of the A-5 term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631569/000110465922127093/0001104659-22-127093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631569/000110465922127093/tm2232721d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-127093

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