Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
BlackRock Monticello Debt Real Estate Investment Trust incurred credit facility of initial amount of $150 million, which may be increased to $300 million with Natixis, New York Branch at Term SOFR for a one month period plus a margin as agreed upon by Natixis and Sel maturing May 23, 2028.
- Instrument
- credit facility
- Principal
- initial amount of $150 million, which may be increased to $300 million
- Counterparty
- Natixis, New York Branch
- Rate
- Term SOFR for a one month period plus a margin as agreed upon by Natixis and Sel
- Maturity
- May 23, 2028
- Event
- incurrence
Exact text from the filing
On May 23, 2025, BLKM I, LLC (the “Seller”), an indirect, wholly-owned special-purpose financing subsidiary of the Company, entered into a Master Repurchase Agreement and Securities Contract (together with the related transaction documents, the “Repurchase Agreement”), with Natixis, New York Branch (“Natixis”), to finance the acquisition by the Seller of eligible loans as more particularly described in the Repurchase Agreement. The Repurchase Agreement provides for asset purchases by Natixis for an initial amount of $150 million, which may be increased to $300 million, subject to the consent of Natixis, in its sole discretion.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
BlackRock Monticello Debt Real Estate Investment Trust incurred revolving credit of up to a maximum aggregate availability of $43,875,000 with JPMorgan Chase Bank, N.A. at Term Secured Overnight Financing Rate plus 1.95% maturing May 21, 2026.
- Instrument
- revolving credit
- Principal
- up to a maximum aggregate availability of $43,875,000
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- Term Secured Overnight Financing Rate plus 1.95%
- Maturity
- May 21, 2026
- Event
- incurrence
Exact text from the filing
On May 22, 2025, BlackRock Monticello Debt Real Estate Investment Trust, a Maryland statutory trust (the “Company”), as borrower, entered into a revolving credit agreement (as it may be amended from time to time, the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (“JPM”), as lender. The Credit Agreement provides for revolving loans of up to a maximum aggregate availability of $43,875,000.
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