{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-056353","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.720122+00:00","generated_at":"2026-05-14T22:47:35.130799+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"IIP closes $56.5M secured term loan; proceeds to repay notes due May 2026","bullets":["$56.5M secured term loan closed on May 5, 2026; three-year initial term with two one-year extension options.","Interest at one-month SOFR plus 500 bps; interest-only payments.","Proceeds to repay unsecured notes maturing at end of May 2026.","Loan secured by eight properties; IIP provides unsecured guaranty with net worth and liquidity covenants.","Executive Chairman Alan Gold says financing strengthens balance sheet for growth opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-056353","json":"https://secwatch.observer/filing/0001104659-26-056353.json","markdown":"https://secwatch.observer/filing/0001104659-26-056353.md","text":"https://secwatch.observer/filing/0001104659-26-056353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/tm2613694d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T22:47:35.130799+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":[{"claim_id":"e3760656f2e9ccf91d018559840b3d5747687dd6","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC incurred term loan of $56.5 million with Thorofare Asset Based Lending Reit Fund V, LLC at one-month SOFR plus 5.00% maturing May 5, 2029.","evidence_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5, 2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the “Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month periods, subject in each case to the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001213900-26-054183","ticker":"EMAT","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-11T23:59:59+00:00","headline":"EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054183","json":"https://secwatch.observer/filing/0001213900-26-054183.json","markdown":"https://secwatch.observer/filing/0001213900-26-054183.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/ea0290073-8k_evolution.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm"}},{"accession":"0001193125-26-212391","ticker":"RNST","company_name":"RENASANT CORP","filed_at":"2026-05-07T23:59:59+00:00","headline":"Renasant prices $300M 6.25% sub notes due 2036, net $295.7M, may redeem $40M 5.50% notes","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-212391","json":"https://secwatch.observer/filing/0001193125-26-212391.json","markdown":"https://secwatch.observer/filing/0001193125-26-212391.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/0001193125-26-212391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/d145081d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"for the issuance and sale of $300 million aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/715072/000119312526212391/0001193125-26-212391-index.htm"}},{"accession":"0001062822-26-000094","ticker":"LXRX","company_name":"LEXICON PHARMACEUTICALS, INC.","filed_at":"2026-05-06T23:59:59+00:00","headline":"Lexicon secures $100M loan facility from Hercules Capital; $55M funded at closing","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001062822-26-000094","json":"https://secwatch.observer/filing/0001062822-26-000094.json","markdown":"https://secwatch.observer/filing/0001062822-26-000094.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/0001062822-26-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/lxrx-20260504.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"On May 4, 2026, Lexicon Pharmaceuticals, Inc. (\" Lexicon \") and its subsidiaries entered into a loan and security agreement with Hercules Capital, Inc. and certain of its affiliates (\" Hercules \") that provides up to $100 million in borrowing capacity (the \" Hercules Term Loans \") available in three tranches, each maturing in May 2030.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1062822/000106282226000094/0001062822-26-000094-index.htm"}},{"accession":"0001096906-26-000724","ticker":"FMHS","company_name":"FARMHOUSE, INC. /NV","filed_at":"2026-05-06T23:59:59+00:00","headline":"Farmhouse issues $2.22M convertible note to Axiom; net cash $884k for Bitcoin/Gold treasury","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-26-000724","json":"https://secwatch.observer/filing/0001096906-26-000724.json","markdown":"https://secwatch.observer/filing/0001096906-26-000724.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/0001096906-26-000724-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/fmhs-20260504_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"On May 4, 2026, the Company issued a Convertible Promissory Note (the “Note”) to Axiom Holdings Group LLC (the “Investor”) with an original principal amount of $2,222,222, reflecting gross proceeds of $2,000,000 and a ten percent (10%) original issue discount.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811999/000109690626000724/0001096906-26-000724-index.htm"}},{"accession":"0001185348-26-000017","ticker":"PRAA","company_name":"PRA GROUP INC","filed_at":"2026-05-05T23:59:59+00:00","headline":"PRA Group extends €730M European credit facility to April 2031, reduces ERC ratio to 40%","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-26-000017","json":"https://secwatch.observer/filing/0001185348-26-000017.json","markdown":"https://secwatch.observer/filing/0001185348-26-000017.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/praa-20260430.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"the maturity date was extended from November 23, 2027 to April 30, 2031","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm"}},{"accession":"0001193125-26-206582","ticker":"GBX","company_name":"GREENBRIER COMPANIES INC","filed_at":"2026-05-05T23:59:59+00:00","headline":"Greenbrier closes $425M non-recourse leasing term loan, extending maturity to 2032","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-206582","json":"https://secwatch.observer/filing/0001193125-26-206582.json","markdown":"https://secwatch.observer/filing/0001193125-26-206582.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/gbx-20260505.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”) in an aggregate amount of up to $125 million (“Delayed Draw Term Loans”), which has an availability period of six (6) months from the Effective Date and is subject to the satisfaction of certain conditions.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm"}},{"accession":"0001213900-26-051931","ticker":"RENX","company_name":"RenX Enterprises Corp.","filed_at":"2026-05-05T23:59:59+00:00","headline":"RenX Enterprises raises up to $100M via tranched convertible note and warrant private placement","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-051931","json":"https://secwatch.observer/filing/0001213900-26-051931.json","markdown":"https://secwatch.observer/filing/0001213900-26-051931.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/ea0288854-8k_renx.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"Purchase Agreement,\nthe Company (i) issued and sold to the Purchasers, at the initial closing on May 4, 2026 (the “Initial Closing”), Notes in\nthe aggregate principal amount of $6,300,000 (the “Initial Notes”) and warrants (the “Initial Warrants”) to purchase\nan aggregate of 3,917,099 shares of Common Stock (which is equal to 180% of the face value of the Initial","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1959023/000121390026051931/0001213900-26-051931-index.htm"}},{"accession":"0001193125-26-204193","ticker":"TBCH","company_name":"Turtle Beach Corp","filed_at":"2026-05-04T23:59:59+00:00","headline":"Turtle Beach closes $85M term loan and $80M ABL; $56M buyback capacity remains","event_type":"debt","sec_items":["1.01","2.03","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 7.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-204193","json":"https://secwatch.observer/filing/0001193125-26-204193.json","markdown":"https://secwatch.observer/filing/0001193125-26-204193.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1493761/000119312526204193/0001193125-26-204193-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1493761/000119312526204193/d125698d8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5,\n2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the\n“Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month\nperiods, subject in each case to the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926056353/0001104659-26-056353-index.htm","comparable_excerpt":"a US commitment in an amount equal to $50,000,000 or $65,000,000 based on the season","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1493761/000119312526204193/0001193125-26-204193-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}