secwatch.observer — SEC 8-K summary
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Issuer:     CEDAR REALTY TRUST, INC. (CDR-PB)
CIK:        0000761648
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001213900-22-067391
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cedar Realty Trust enters $110M term loan with Guggenheim at 5.25% fixed rate, maturing 2032
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- Loan principal of $110 million with fixed interest rate of 5.25% per annum.
- Maturity date of November 10, 2032; equal monthly principal installments starting December 2027.
- Borrowers are wholly owned indirect subsidiaries; Wheeler REIT, L.P. serves as guarantor.
- Proceeds to refinance real properties, pay operating expenses, fund reserves, and working capital.
- Financial covenants require consolidated net worth >= $110M and minimum liquidity of $6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/761648/000121390022067391/0001213900-22-067391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/761648/000121390022067391/ea167759-8k_cedarrealty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-067391

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