{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-181880","form_type":"8-K","ticker":null,"cik":"0001593222","company_name":"City Office REIT, Inc.","filed_at":"2025-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.452443+00:00","generated_at":"2026-05-17T12:24:30.176600+00:00","sec_items":["1.01","2.01","9.01","2.03","8.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"City Office REIT closes $266M Phoenix portfolio sale; condition met for merger","bullets":["Sold six Phoenix office properties for gross proceeds of $266M; Pima Center ($30M) still under contract.","Net proceeds of ~$278M used to repay $80.5M property-level debt and reduce term loan/revolving facility.","Credit facility amended: revolver reduced to $150M, assets pledged, term loan repaid with proceeds.","Sale satisfies a closing condition in the pending merger agreement with MCME Carell Holdings.","Pro forma balance sheet shows estimated $1.3M loss on sale; total debt reduced to $369M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-181880","json":"https://secwatch.observer/filing/0001193125-25-181880.json","markdown":"https://secwatch.observer/filing/0001193125-25-181880.md","text":"https://secwatch.observer/filing/0001193125-25-181880.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593222/000119312525181880/0001193125-25-181880-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593222/000119312525181880/d927791d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T12:24:30.176600+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":"a0283c3c5003ab4507b1bc56480d9219e1e5253c","claim":"City Office REIT, Inc. completed a disposition involving an unaffiliated buyer for $266 million (closed 2025-08-15).","evidence_excerpt":"On August 15, 2025, the Company closed on the sale of six of the Company’s previously-announced dispositions of its seven office properties located in Phoenix, Arizona (the “First Phoenix Closing”) to an unaffiliated buyer for an aggregate purchase price of $266 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1593222/000119312525181880/0001193125-25-181880-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"an unaffiliated buyer"},{"label":"Consideration","value":"$266 million"},{"label":"Closing","value":"2025-08-15"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}