secwatch.observer — SEC 8-K summary
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Issuer:     Veris Residential, L.P. (—)
CIK:        0001067063
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001104659-23-042183
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veris Residential completes $420M Harborside sale, terminates credit line, exercises $480M preferred unit redemption
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- Completed sale of three Class A office buildings (Harborside 1,2,3) for $420M; net proceeds ~$360M.
- Terminated Revolving Credit and Term Loan Agreement; no outstanding borrowings at termination.
- Exercised right to purchase and redeem Put/Call Interests from Rockpoint; estimated redemption value ~$480M.
- Redemption closing by May 5, 2023; Rockpoint may defer up to one year until April 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1067063/000110465923042183/0001104659-23-042183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924901/000110465923042183/tm2311688d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042183

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