secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-072022
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT modifies swap to 5.13% fixed rate, extends loan to Aug 2024
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- Modified swap derivative with Citizens Bank fixes rate at 5.13% on $15,092,000 notional, effective Aug 15, 2023.
- Loan maturity extended to August 15, 2024 under third extended term of the Citizens Bank loan.
- Modification relates to subsidiary's loan for a hotel property in Traverse City, Michigan originally $17.8 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465923072022/0001104659-23-072022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465923072022/tm2318363d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072022

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