secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2026-09-30T20:15:22+00:00
Accession:  0001104659-26-112341
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

CTO Realty Growth closes $1.0B amended credit facility, pushing weighted-average debt maturity to 4.3 years from 1.6
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- $1.0B facility: $400M revolver due Sept 2030 with two six-month extensions; $150M term loans due Sept 2029 and 2030 (each upsized from $125M); new $150M loans due Sept 2031 and March 2032.
- Weighted average maturity of outstanding debt rises to 4.3 years from 1.6 years at closing, excluding extension options; total commitments up $250M, with accordion to $1.5B.
- Initial fixed rates from applied SOFR swaps: 5.3% (2029), 4.9% (2030), 4.8% (2031), 3.4% (2032); the 2032 rate steps up to roughly 5.3% in February 2027.
- Proceeds repaid the prior $300M revolver, $100M term loan due Jan 2027 and $100M term loan due Jan 2028; the 2017 BMO credit agreement was terminated and discharged.
- KeyBank is administrative agent; co-syndication agents include Bank of America, Huntington, PNC, Regions, Truist and Wells Fargo, with pricing set by a leverage-based grid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000110465926112341/0001104659-26-112341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000110465926112341/cto-20260929x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-112341

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