{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-065712","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-05-22T20:10:35+00:00","discovered_at":"2026-05-22T20:12:00.287028+00:00","generated_at":"2026-05-22T20:13:09.331088+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"confidence":"high","headline":"IIPR enters $20M term loan at 10% to repay senior notes due May 2026; weekly payments required","bullets":["Term loan of $20M at 10% annual interest (18% default rate), maturing October 9, 2026.","Proceeds to be used for general corporate purposes, including repayment of 5.50% Senior Notes due May 2026.","Weekly interest and principal payments begin May 29, 2026; loan secured by ATM sales proceeds and related rights.","Mandatory prepayment triggers include significant asset dispositions (>$150M), ATM program termination, or sustained trading suspension.","Voluntary prepayment permitted without penalty; loan includes affirmative/negative covenants and events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-065712","json":"https://secwatch.observer/filing/0001104659-26-065712.json","markdown":"https://secwatch.observer/filing/0001104659-26-065712.md","text":"https://secwatch.observer/filing/0001104659-26-065712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926065712/0001104659-26-065712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926065712/tm2615352d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T20:13:09.331088+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"}