{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-070608","form_type":"8-K","ticker":"OLP","cik":"0000712770","company_name":"ONE LIBERTY PROPERTIES INC","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.321042+00:00","generated_at":"2026-06-22T02:18:17.108879+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"One Liberty Properties amends $100M credit facility: extends maturity to 2026, switches to SOFR","bullets":["Facility maturity extended from Dec 2022 to Dec 2026; renovation/opex cap raised to $40M or 40% of borrowing base.","Required unencumbered properties increased to 15 (from 10) with min value $100M (from $75M).","Property cap rate reduced from 7.625% to 7.25%; tangible net worth requirement raised to $200M plus 80% of future equity.","Interest rate benchmark changed from 30-day LIBOR to 30-day SOFR; $666,000 fee paid.","As of Nov 8, $13.8M outstanding, $86.2M available under the facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-070608","json":"https://secwatch.observer/filing/0001213900-22-070608.json","markdown":"https://secwatch.observer/filing/0001213900-22-070608.md","text":"https://secwatch.observer/filing/0001213900-22-070608.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/0001213900-22-070608-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/ea168342-8k_oneliberty.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T02:18:17.108879+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a75d0010d5e3f9f6b283262b71da852accd8a26","claim":"ONE LIBERTY PROPERTIES INC amended credit facility of $100 million with Manufacturers and Traders Trust Company and VNB New York, LLC at 30-day SOFR maturing December 31, 2026.","evidence_excerpt":"Loan Agreement with, among others, Manufacturers and Traders Trust Company and VNB New York, LLC. The Amendment, among other things: ● extends the expiration date of the $100 million facility from December 31, 2022 to December 31, 2026; ● increases the aggregate amount that may be used for renovation and operating expense purposes to the lesser of $40","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/0001213900-22-070608-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$100 million"},{"label":"Counterparty","value":"Manufacturers and Traders Trust Company and VNB New York, LLC"},{"label":"Rate","value":"30-day SOFR"},{"label":"Maturity","value":"December 31, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"a002ed6a7c1179ce8f751c37a42d3ce72bfe1019","claim":"ONE LIBERTY PROPERTIES INC amended Amendment with Manufacturers and Traders Trust Company and VNB New York, LLC (effective 2022-11-08).","evidence_excerpt":"On or about November 8, 2022, we entered into the fourth amendment (the “Amendment”) to the Third Amended and Restated Loan Agreement with, among others, Manufacturers and Traders Trust Company and VNB New York, LLC.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/712770/000121390022070608/0001213900-22-070608-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Manufacturers and Traders Trust Company and VNB New York, LLC"},{"label":"Effective","value":"2022-11-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}