secwatch.observer — SEC 8-K summary
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Issuer:     Ladder Capital Corp (LADR)
CIK:        0001577670
Form:       8-K
Filed at:   2024-07-05T23:59:59+00:00
Accession:  0001104659-24-078096
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ladder Capital issues $500M 7.000% senior notes due 2031 to repay secured debt
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- Issued $500M of 7.000% senior notes, maturity July 15, 2031.
- Interest payable semi-annually Jan 15 and Jul 15, beginning Jan 15, 2025.
- Proceeds to repay existing secured indebtedness and for general corporate purposes.
- Covenant: maintain Total Unencumbered Assets at least 120% of outstanding unsecured debt.
- Change of control triggers 101% repurchase offer plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577670/000110465924078096/0001104659-24-078096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577670/000110465924078096/tm2418759d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-078096

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