---
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"
generated_at: "2026-05-29T17:23:06.496375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# New England Realty Associates enters $25M revolving credit line with Brookline Bank

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-123576
- JSON: https://secwatch.observer/filing/0001104659-24-123576.json
- Plain text: https://secwatch.observer/filing/0001104659-24-123576.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.