{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-297630","form_type":"8-K","ticker":"LAND","cik":"0001495240","company_name":"GLADSTONE LAND Corp","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.245502+00:00","generated_at":"2026-06-07T11:15:34.307255+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Gladstone Land extends revolving credit facility maturity to Dec 2033; net worth covenant raised to $400M","bullets":["Maturity extended from April 5, 2024 to December 15, 2033.","Consolidated net worth covenant increased to $400 million.","Aggregate fees of approximately $187,500 paid to MetLife.","No other material changes to existing credit facility terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-297630","json":"https://secwatch.observer/filing/0001193125-23-297630.json","markdown":"https://secwatch.observer/filing/0001193125-23-297630.md","text":"https://secwatch.observer/filing/0001193125-23-297630.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1495240/000119312523297630/0001193125-23-297630-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1495240/000119312523297630/d610433d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:15:34.307255+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"169e6b816cec8f0fb1044721dc2253188a8a58a1","claim":"GLADSTONE LAND Corp amended revolving credit with Metropolitan Life Insurance Company maturing December 15, 2033.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1495240/000119312523297630/0001193125-23-297630-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Counterparty","value":"Metropolitan Life Insurance Company"},{"label":"Maturity","value":"December 15, 2033"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d6d2f5fac7959a601421ef284b47c8f1fb41672b","claim":"GLADSTONE LAND Corp amended Second Amendment to Loan Agreement with Metropolitan Life Insurance Company (effective 2023-12-14).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1495240/000119312523297630/0001193125-23-297630-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Metropolitan Life Insurance Company"},{"label":"Effective","value":"2023-12-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}