{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-038563","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.561143+00:00","generated_at":"2026-06-23T00:04:31.145239+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Modiv expands credit facility to $400M, fixes rate on additional $100M term debt","bullets":["Credit facility increased from $250M to $400M ($150M revolver + $250M term loan); accordion allows up to $750M.","Purchased five-year swap at 3.44% on $100M term loan; fixed rate 5.04% when leverage ≤40%.","Revolver matures Jan 2026 (extendable 12 months); term loan matures Jan 2027.","Current revolver rate 4.65% (SOFR+155bps+10bps), based on leverage grid (38% at June 30, 2022).","CEO cites liquidity to accelerate net-lease industrial manufacturing investment strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-038563","json":"https://secwatch.observer/filing/0001140361-22-038563.json","markdown":"https://secwatch.observer/filing/0001140361-22-038563.md","text":"https://secwatch.observer/filing/0001140361-22-038563.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036122038563/0001140361-22-038563-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036122038563/brhc10043321_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T00:04:31.145239+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":"53aa6f07e492bad01748416107a8de43e1ba46e0","claim":"MODIV INDUSTRIAL, INC. amended credit facility of $400,000,000 with KeyBank National Association.","evidence_excerpt":"to, among other things, (i) increase the four-year revolving line of credit under the Credit Agreement from $100,000,000 to $150,000,000, (ii) increase the five-year term loan under the Credit Agreement from $150,000,000 to $250,000,000 (the “Term Loan”), and (iii) increase the total commitment of the Lenders under the Credit Agreement from $250,000,000 to $400,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036122038563/0001140361-22-038563-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$400,000,000"},{"label":"Counterparty","value":"KeyBank National Association"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}