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 of up to $150 million maturing June 30, 2026.
- Instrument
- revolving credit
- Principal
- up to $150 million
- Maturity
- June 30, 2026
- Event
- amendment
Exact text from the filing
extend the contractual maturity date from December 16, 2024 to June 30, 2026, and increase the accordion feature of the Revolving Loan to permit aggregate loan commitments of up to $150 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Chicago Atlantic Real Estate Finance, Inc. amended Fifth Amended and Restated Loan and Security Agreement with the various financial institutions party thereto, as lenders valued at up to $150 million (effective 2024-02-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the various financial institutions party thereto, as lenders
- Value
- up to $150 million
- Effective
- 2024-02-28
Exact text from the filing
On February 28, 2024, 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 Fifth Amended and Restated Loan and Security Agreement (the “Fifth 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”).
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