secwatch.observer — SEC 8-K summary
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Issuer:     Wheeler Real Estate Investment Trust, Inc. (WHLR)
CIK:        0001527541
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001213900-22-067414
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WHLR subsidiaries secure $110M term loan at 5.25% to refinance Cedar Realty acquisition debt
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- Loan principal $110M, fixed interest rate 5.25%, matures November 10, 2032.
- Proceeds used to refinance properties acquired in the August 22, 2022 Cedar Realty Trust acquisition.
- Wheeler REIT, L.P. (operating partnership) guarantees the loan via a limited recourse indemnity.
- Financial covenants require consolidated net worth ≥ $110M and minimum liquidity of $6M.
- Equal monthly principal installments begin December 10, 2027 through maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000121390022067414/0001213900-22-067414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000121390022067414/ea167779-8k_wheelerreal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-067414

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