secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0001193125-21-270013
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000119312521270013/0001193125-21-270013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000119312521270013/d123186d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-270013

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