secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001193125-24-282020
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Commercial issues $75M 6.47% senior notes due 2029 to repay credit facility
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- Issued $75M aggregate principal of 6.47% Senior Guaranteed Notes due Dec 18, 2029.
- Interest payable semi-annually; maturity Dec 18, 2029; proceeds to repay revolver and term loans.
- Notes are senior unsecured obligations guaranteed by the parent and certain subsidiaries.
- Make-whole prepayment premium applies unless within 30 days of maturity.
- Interest steps up 1% if Notes are rated below BBB- (Below Investment Grade Event).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000119312524282020/0001193125-24-282020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000119312524282020/d914093d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-282020

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