secwatch.observer — SEC 8-K summary
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Issuer:     City Office REIT, Inc. (—)
CIK:        0001593222
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001193125-23-215993
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

City Office REIT refinances two mortgage loans totaling $40.8 million with BankUnited
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- Amended FRP Collection loan for $26.3 million, maturing Aug 2028, at daily-simple SOFR plus 275 bps.
- Amended Carillon Point loan for $14.5 million, maturing Aug 2028, same interest rate structure.
- Both loans include a five-year interest rate swap fixing SOFR at 4.3% (effective rate 7.05%).
- FRP Collection comprises five buildings with ~272,000 sq ft in Orlando, FL; Carillon Point is a 124,000 sq ft office in Tampa, FL.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593222/000119312523215993/0001193125-23-215993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593222/000119312523215993/d519244d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-215993

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