secwatch / observer
8-K filed December 18, 2023, 6:59 PM ET ticker LAND CIK 0001495240
debt confidence high sentiment neutral materiality 0.40

GLADSTONE LAND Corp (LAND): debt financing — Gladstone Land extends revolving credit facility maturity to Dec 2033; net worth covenant raised to $400M

GLADSTONE LAND Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GLADSTONE LAND Corp amended revolving credit with Metropolitan Life Insurance Company maturing December 15, 2033.

Instrument
revolving credit
Counterparty
Metropolitan Life Insurance Company
Maturity
December 15, 2033
Event
amendment
Exact text from the filing
The Amendment extends the maturity date of the Company’s revolving lines of credit under the Credit Facility from April 5, 2024 to December 15, 2033.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLADSTONE LAND Corp amended Second Amendment to Loan Agreement with Metropolitan Life Insurance Company (effective 2023-12-14).

Action
amendment
Agreement
credit facility
Counterparty
Metropolitan Life Insurance Company
Effective
2023-12-14
Exact text from the filing
On December 14, 2023, Gladstone Land Corporation, a Maryland corporation (the “Company”), as guarantor, and Gladstone Land Limited Partnership (the “Operating Partnership”), a Delaware limited partnership, as borrower (collectively, “Gladstone”), entered into a Second Amendment to Loan Agreement (the “Amendment”) with Metropolitan Life Insurance Company (“MetLife”) amending the terms of the Loan Agreement, dated February 20, 2020, as amended on February 3, 2022, by and among the Company, the Operating Partnership and MetLife (the “Credit Facility”).
View on SEC.gov

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GLADSTONE LAND Corp filing history →

Source: SEC EDGAR
accession 0001193125-23-297630
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