---
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"
generated_at: "2026-06-23T00:04:31.145239+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Modiv expands credit facility to $400M, fixes rate on additional $100M term debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-038563
- JSON: https://secwatch.observer/filing/0001140361-22-038563.json
- Plain text: https://secwatch.observer/filing/0001140361-22-038563.txt

## Key facts
- Debt Financings
  MODIV INDUSTRIAL, INC. amended credit facility of $400,000,000 with KeyBank National Association.
  - Instrument: credit facility
  - Principal: $400,000,000
  - Counterparty: KeyBank National Association
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1645873/000114036122038563/0001140361-22-038563-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.