{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-123576","form_type":"8-K","ticker":"NEN","cik":"0000746514","company_name":"NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP","filed_at":"2024-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.961787+00:00","generated_at":"2026-05-29T17:23:06.496375+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"New England Realty Associates enters $25M revolving credit line with Brookline Bank","bullets":["$25M revolving line of credit with Brookline Bank; matures Nov 21, 2027 with one-year extension option at Lender's discretion.","Interest rate: SOFR + 250 bps; unused line fee of 75 bps (waived if Borrower maintains $20M+ deposits with Brookline).","Financial covenants include Debt Yield ≥8.5%, Leverage Ratio ≤65%, DSCR ≥1.5x, usage ≤1.5x trailing 12-month Adj. EBITDA, min liquidity $15M.","Facility secured by a first-priority pledge of Borrower's equity interests in its subsidiaries.","Commitment fee of 25 bps on Maximum Availability paid to Lender."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-123576","json":"https://secwatch.observer/filing/0001104659-24-123576.json","markdown":"https://secwatch.observer/filing/0001104659-24-123576.md","text":"https://secwatch.observer/filing/0001104659-24-123576.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/746514/000110465924123576/0001104659-24-123576-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/746514/000110465924123576/tm2429658d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T17:23:06.496375+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}