secwatch.observer — SEC 8-K summary
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Issuer:     Ladder Capital Corp (LADR)
CIK:        0001577670
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001104659-24-130884
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ladder Capital enters $725M revolving credit facility, replacing prior $324M facility
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- New $725M secured revolver matures Dec 20, 2028; up to two 6-month extensions available.
- Interest at SOFR plus 77.5-170 bps (based on credit rating); facility fee 12.5-30 bps.
- Incremental capacity up to $1.25B available; replaced $324M undrawn existing facility.
- Automatic conversion to unsecured facility if investment grade rating achieved by two agencies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577670/000110465924130884/0001104659-24-130884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577670/000110465924130884/tm2431556d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-130884

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