secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2025-10-14T23:59:59+00:00
Accession:  0001193125-25-238905
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Commercial upsizes credit facility to $600M, extends maturities to 2029-2030
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- Credit facility increased from $475M to $600M; aggregate term loan component upsized by $50M, revolver by $75M to $200M.
- Option to further increase facility by up to $250M for a total of $850M, subject to lender conditions.
- Revolving credit maturity extended to October 2029; Term Loan A to October 2029, Term Loan B to February 2030.
- Option to extend Term Loan C to February 2029; no material change to applicable interest rate margin.
- New facility adds two new banks; KeyBank acts as agent, Bank of America and others as joint lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000119312525238905/0001193125-25-238905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000119312525238905/d69928d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-238905

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