secwatch.observer — SEC 8-K summary
======================================

Issuer:     KKR Real Estate Finance Trust Inc. (KREF)
CIK:        0001631596
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001140361-22-013409
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

KREF amends credit facility to $535M and repurchase facility to $750M
---------------------------------------------------------------------

- Revolving credit facility borrowing capacity increased to $535M, matures March 16, 2027.
- Borrowings bear interest at Term SOFR + 2.00% or Alternate Base Rate + 1.00%.
- MUFG repurchase agreement facility increased from $500M to $750M, matures July 27, 2024.
- Facility finances commercial mortgage loan origination/acquisition; Opco guarantees up to 25% of purchase price.
- Both facilities include customary affirmative and negative covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000114036122013409/0001140361-22-013409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000114036122013409/brhc10036201_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-013409

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer