secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001193125-25-133279
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000119312525133279/0001193125-25-133279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000119312525133279/d211316d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-133279

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