secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001104659-22-129889
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners enters $300M secured bond facility with Farmer Mac; $75M bond issued at SOFR+1.50%
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- Facility provides up to $300M aggregate principal; $25M of prior bonds counted against limit.
- Operating Partnership issued $75M variable-rate bond at one-month SOFR + 1.50% with 0.20% unused fee.
- Bonds secured by first-lien mortgages on agricultural real estate with loan-to-value ratios up to 60%.
- FPI fully guarantees Operating Partnership’s obligations under the facility.
- Facility expires December 22, 2025; no further bonds issuable after that date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000110465922129889/0001104659-22-129889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000110465922129889/tm2233386d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-129889

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