{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-133279","form_type":"8-K","ticker":"GOOD","cik":"0001234006","company_name":"GLADSTONE COMMERCIAL CORP","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.755388+00:00","generated_at":"2026-05-20T02:27:34.344927+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Gladstone Commercial enters $20M unsecured term loan with KeyBank, matures May 2027","bullets":["Term loan for $20 million, unsecured, due May 30, 2027.","Interest rate: SOFR + 155–200 bps or base rate + 55–100 bps.","KeyBank serves as lender and agent; also a lender under existing credit facility.","Proceeds for general corporate purposes; existing credit facility unchanged.","Customary covenants including restrictions on debt, liens, distributions, and M&A."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-133279","json":"https://secwatch.observer/filing/0001193125-25-133279.json","markdown":"https://secwatch.observer/filing/0001193125-25-133279.md","text":"https://secwatch.observer/filing/0001193125-25-133279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1234006/000119312525133279/0001193125-25-133279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1234006/000119312525133279/d211316d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T02:27:34.344927+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":"5556dc9e7e06da524b6e151a37a97b126c717441","claim":"GLADSTONE COMMERCIAL CORP incurred term loan of $20.0 million with KeyBank National Association at SOFR plus a margin of 155 to 200 basis points, or a base rate plus a margin of 5 maturing May 30, 2027.","evidence_excerpt":"for an aggregate amount of $20.0 million. The Term Loan is scheduled to mature on May 30, 2027, and will bear interest at a rate equal to either (i) the secured overnight financing rate (“SOFR”) plus a margin of 155 to 200 basis points, or (ii) a base rate plus a margin of 55 to 100 basis points.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1234006/000119312525133279/0001193125-25-133279-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$20.0 million"},{"label":"Counterparty","value":"KeyBank National Association"},{"label":"Rate","value":"SOFR plus a margin of 155 to 200 basis points, or a base rate plus a margin of 5"},{"label":"Maturity","value":"May 30, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}