secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001140361-24-045132
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peakstone Realty Trust secures $175M term loan, appoints new CAO, closes $110M in mortgage loans
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- Entered $175M senior unsecured term loan (2027 Term Loan) maturing Oct 31, 2027, with one-year extension option, interest at SOFR+1.75% initially.
- Total credit commitments increased to $1.082B, including $547M revolver, $150M 2026 TL, $210M 2025 TL, and $175M 2027 TL.
- Appointed Cindy Mai as Chief Accounting Officer effective Nov 4, 2024; base salary $300K, bonus target up to 50%.
- Closed three mortgage loans totaling $110.3M: Florida $49.6M (5.48%, 7.5yr), Georgia $37.7M (5.31%, 5yr), Illinois $23M (6.51%, 5yr).
- Previous CAO Bryan Yamasawa to depart Nov 15, 2024; separation not due to accounting disagreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000114036124045132/0001140361-24-045132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000114036124045132/ef20038084_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045132

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