secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2022-08-19T23:59:59+00:00
Accession:  0001193125-22-224419
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Commercial upsizes credit facility to $480M, extends maturities through 2028
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- Credit facility increased from $325M to $480M; new Term Loan C of $140M added.
- Revolving credit facility increased by $20M to $120M, maturity extended to Aug 2026.
- Term Loan A maturity extended to Aug 2027; Term Loan B to Feb 2026; Term Loan C to Feb 2028.
- Proceeds used to repay maturing mortgage loans and revolver draws; liquidity for acquisitions.
- New lenders include Bank of America, Synovus Bank, United Bank, and First Financial Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000119312522224419/0001193125-22-224419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000119312522224419/d358892d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-224419

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