secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic Real Estate Finance, Inc. (REFI)
CIK:        0001867949
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001213900-21-066756
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REFI upsizes revolving credit facility to $45M, acquires $10M Verano loan from affiliate
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- Revolving credit facility increased from $10M to $45M with two FDIC-insured banks; matures Dec 16, 2023 with one-year extension option.
- Interest rate at Prime plus 0%-1.25% based on leverage ratio, subject to 3.25% Prime Rate floor.
- Company acquired $10M of existing loan principal in Verano Holdings from an affiliate at amortized cost, increasing total Verano exposure to $30M.
- Proceeds from the facility expected to fund additional loans and for general corporate purposes.
- Related-party acquisition was approved by the Audit Committee of the Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390021066756/0001213900-21-066756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390021066756/ea152821-8k_chicagoreal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-066756

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