Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PROCACCIANTI HOTEL REIT, INC. amended loan with Beacon Bank & Trust, successor by merger to Berkshire Bank at fixed rate of 6.50% per annum maturing June 6, 2027.
- Instrument
- loan
- Counterparty
- Beacon Bank & Trust, successor by merger to Berkshire Bank
- Rate
- fixed rate of 6.50% per annum
- Maturity
- June 6, 2027
- Event
- amendment
Exact text from the filing
the interest rate applicable to the Refinancing Loan was reduced to a fixed rate of 6.50% per annum for the remainder of the initial term of the Refinancing Loan, which currently matures on June 6, 2027.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PROCACCIANTI HOTEL REIT, INC. amended Change in Terms Agreement with PHR TCI, LLC and Beacon Bank & Trust valued at $15,600,000 (effective 2026-05-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PHR TCI, LLC and Beacon Bank & Trust
- Value
- $15,600,000
- Effective
- 2026-05-06
Exact text from the filing
On May 6, 2026, PHR TCI, LLC, as borrower, and Beacon Bank & Trust, successor by merger to Berkshire Bank (the “Lender”), as lender, entered into a Change in Terms Agreement (the “Change in Terms Agreement”) with respect to the Refinancing Loan and the Refinancing Note.
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