---
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"
generated_at: "2026-06-07T11:15:34.307255+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land extends revolving credit facility maturity to Dec 2033; net worth covenant raised to $400M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-297630
- JSON: https://secwatch.observer/filing/0001193125-23-297630.json
- Plain text: https://secwatch.observer/filing/0001193125-23-297630.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1495240/000119312523297630/0001193125-23-297630-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1495240/000119312523297630/0001193125-23-297630-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.