secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2022-02-04T23:59:59+00:00
Accession:  0001193125-22-028325
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000119312522028325/0001193125-22-028325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000119312522028325/d266179d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-028325

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