secwatch.observer — SEC 8-K summary
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Issuer:     ExchangeRight Income Fund (—)
CIK:        0001771514
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0001193125-26-163165
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ExchangeRight Income Fund secures $600M credit facility, replaces prior debt
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- Amended credit agreement provides $200M revolver and $400M delayed draw term loan, with potential to increase to $1B.
- Initial draw of $157.4M under DDTL; revolver undrawn at closing.
- Prior credit agreement terminated; new facilities mature April 2029, with two 12-month extension options.
- Financial covenants include max total leverage 0.60x, secured leverage 0.45x (decreasing to 0.40x), and tangible net worth floor of $657.8M.
- Proceeds to finance acquisitions, repay debt, capex, working capital, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771514/000119312526163165/0001193125-26-163165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771514/000119312526163165/none-20260415.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-163165

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