8-K
filed February 28, 2023, 6:59 PM ET
ticker REFI
CIK 0001867949
debt
confidence high
sentiment neutral
materiality 0.55
Chicago Atlantic Real Estate Finance, Inc. (REFI): debt financing — Chicago Atlantic extends $92.5M credit facility maturity to Dec 2024
Chicago Atlantic Real Estate Finance, Inc.
- Amended $92.5M secured revolving credit facility with six FDIC-insured banks.
- Maturity extended from Dec 16, 2023 to Dec 16, 2024; one-year extension option retained.
- Interest rate: Prime Rate plus Applicable Margin (0%-1.25% over Prime, 3.25% floor); currently at Prime.
- No other material terms of the Third Amended and Restated LSA were modified.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Chicago Atlantic Real Estate Finance, Inc. amended revolving credit maturing December 16, 2024.
- Instrument
- revolving credit
- Maturity
- December 16, 2024
- Event
- amendment
Exact text from the filing
The First Amendment amends the Third Amended and Restated LSA, dated November 7, 2022, to extend the maturity date from December 16, 2023 to December 16, 2024 and extend the period during which the Company may exercise the one-year extension option, subject to customary closing conditions.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Chicago Atlantic Real Estate Finance, Inc. amended First Amendment to the Third Amended and Restated Loan and Security Agreement with the various financial institutions party thereto (effective 2023-02-27).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the various financial institutions party thereto
- Effective
- 2023-02-27
Exact text from the filing
On February 27, 2023, Chicago Atlantic Lincoln, LLC (“CAL”), a Delaware limited liability company and a wholly-owned financing subsidiary of Chicago Atlantic Real Estate Finance, Inc. (the “Company”), entered into the First Amendment (the “First Amendment”) to the Third Amended and Restated Loan and Security Agreement (the “Third Amended and Restated LSA”) by and among CAL and other borrowers from time to time party thereto, as the borrower (the “Borrowers”), and the various financial institutions party thereto, as lenders (the “Lenders”) related to a secured revolving credit facility (the “Revolving Loan”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.