---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-028325"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2022-02-04T23:59:59+00:00"
generated_at: "2026-06-27T11:02:24.631617+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land expands MetLife credit facility by $100M with new term note maturing 2032

## Summary
- New $100M term note added to existing MetLife Credit Facility; matures Jan 5, 2032.
- Interest at 10-year UST plus 2.00%; unused fee of 0.10%-0.20% on undrawn amounts.
- Unused commitment expires Dec 31, 2024 if not fully drawn; ~$250,000 fees paid.
- Existing Credit Facility terms unchanged; includes customary covenants and default provisions.

## SEC filing metadata
- accession: 0001193125-22-028325
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2022-02-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000119312522028325/0001193125-22-028325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000119312522028325/d266179d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-028325
- JSON: https://secwatch.observer/filing/0001193125-22-028325.json
- Plain text: https://secwatch.observer/filing/0001193125-22-028325.txt

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