secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001213900-23-091587
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One Liberty sells 3 properties for $8.7M, refinances $13M debt, targets credit facility paydown
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- Completed sales of 3 properties (CO land, IN restaurant, VA restaurant) for $8.7M total; net proceeds ~$7M used to pay down credit facility.
- Contracts to sell 5 properties (3 Applebees, Barnes & Noble, Havertys) for $23M; net proceeds estimated $19-21M.
- Refinanced two industrial properties; new debt $13M at 6.02% avg rate (old 4.02%), 8.4-year term.
- Credit facility outstanding $7.5M at Nov 30; expect full paydown from contracted sales; excess proceeds for working capital, debt paydown, or stock buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390023091587/0001213900-23-091587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390023091587/ea189331-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-091587

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