---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-270013"
form_type: "8-K"
ticker: "ACR"
cik: "0001332551"
company_name: "ACRES Commercial Realty Corp."
filed_at: "2021-09-10T23:59:59+00:00"
generated_at: "2026-06-29T04:28:16.294535+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ACRES repurchases $4M of 4.5% convertible notes; total $55.7M bought back

## Summary
- Repurchased $4.0M aggregate principal of 4.5% convertible notes due 2022 at par in private transaction.
- Combined with prior $51.7M repurchases, total $55.7M repurchased; $88.0M principal remains outstanding.
- Anticipated $1.5M charge to earnings ($0.16/share) from extinguishment ($1.2M) and deferred cost acceleration ($0.3M).
- Charge includes $1.2M debt extinguishment charge and $304K interest expense from accelerated deferred issuance costs.

## SEC filing metadata
- accession: 0001193125-21-270013
- form_type: 8-K
- ticker: ACR
- cik: 0001332551
- company_name: ACRES Commercial Realty Corp.
- filed_at: 2021-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1332551/000119312521270013/0001193125-21-270013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1332551/000119312521270013/d123186d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-270013
- JSON: https://secwatch.observer/filing/0001193125-21-270013.json
- Plain text: https://secwatch.observer/filing/0001193125-21-270013.txt

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