{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-219682","form_type":"8-K","ticker":"ARI","cik":"0001467760","company_name":"Apollo Commercial Real Estate Finance, Inc.","filed_at":"2021-07-20T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.180912+00:00","generated_at":"2026-06-30T04:04:31.461861+00:00","sec_items":["3.02","3.03","312.00","5.03","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ARI exchanges 6.77M shares of 8% Series B Preferred for new 7.25% Series B-1 Preferred","bullets":["Issued 6,770,393 shares of 7.25% Series B-1 Preferred in exchange for same number of 8% Series B Preferred held by Qatari government entities.","New preferred has $25 liquidation preference, cumulative 7.25% dividend ($1.8125/yr), payable quarterly; first dividend Oct 15, 2021.","Company may optionally redeem Series B-1 after July 15, 2026 at $25/share; mandatory redemption on change of control if majority holders elect.","Registration rights agreement filed: company must use commercially reasonable efforts to file resale shelf registration within 180 days.","Exchange exempt from registration under Securities Act Section 3(a)(9); no commissions paid."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-219682","json":"https://secwatch.observer/filing/0001193125-21-219682.json","markdown":"https://secwatch.observer/filing/0001193125-21-219682.md","text":"https://secwatch.observer/filing/0001193125-21-219682.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1467760/000119312521219682/0001193125-21-219682-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1467760/000119312521219682/d176660d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T04:04:31.461861+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}