---
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"
generated_at: "2026-05-20T02:27:34.344927+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Gladstone Commercial enters $20M unsecured term loan with KeyBank, matures May 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-133279
- JSON: https://secwatch.observer/filing/0001193125-25-133279.json
- Plain text: https://secwatch.observer/filing/0001193125-25-133279.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $20.0 million
  - Counterparty: KeyBank National Association
  - Rate: SOFR plus a margin of 155 to 200 basis points, or a base rate plus a margin of 5
  - Maturity: May 30, 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1234006/000119312525133279/0001193125-25-133279-index.htm

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