Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CEDAR REALTY TRUST, INC. incurred term loan of $110,000,000 with Guggenheim Real Estate, LLC at 5.25% maturing November 10, 2032.
- Instrument
- term loan
- Principal
- $110,000,000
- Counterparty
- Guggenheim Real Estate, LLC
- Rate
- 5.25%
- Maturity
- November 10, 2032
- Event
- incurrence
Exact text from the filing
Under the Loan Agreement, the Lender agreed to make a loan to the Borrower in the principal amount of $110,000,000 (the “Loan”), with a scheduled maturity date of November 10, 2032 (such date, or any earlier date on which the entire Loan is required to be paid in full by acceleration or otherwise, the “Maturity Date”). The Loan will accrue interest at a fixed rate of 5.25%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CEDAR REALTY TRUST, INC. entered into Loan Agreement with Guggenheim Real Estate, LLC valued at $110,000,000 (effective 2022-10-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Guggenheim Real Estate, LLC
- Value
- $110,000,000
- Effective
- 2022-10-28
Exact text from the filing
On October 28, 2022, Cedar Brickyard, LLC, Cedar Brickyard II, LLC, Cedar-Fairview Commons, LLC, Cedar-Gold Star Plaza, LLC, Cedar Golden Triangle, LLC, Cedar Hamburg, LLC, Pine Grove Plaza Associates, LLC, Cedar Southington Plaza, LLC, Cedar-Trexler, LLC, Washington Center L.L.C. 1, Greentree Road, L.L.C. 1, Cedar-PC Plaza, LLC, and Cedar-PC Annex, LLC, each a Delaware limited liability company (collectively, the “Borrower”) and wholly owned indirect subsidiary of Cedar Realty Trust, Inc. (the “Company”), entered into a Term Loan Agreement (the “Loan Agreement”) with Guggenheim Real Estate, LLC, a Delaware limited liability company (the “Lender”).
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