secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic Real Estate Finance, Inc. (REFI)
CIK:        0001867949
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001213900-24-018226
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REFI extends credit facility maturity to June 2026, ups accordion to $150M
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- Fifth Amended and Restated LSA extends maturity from Dec 16, 2024 to June 30, 2026.
- Accordion feature increased to allow up to $150M in aggregate commitments.
- Company retains one-year extension option subject to no default and 365 days notice.
- Interest rate is Prime Rate plus Applicable Margin (0%-1.25%) with a 3.25% Prime Rate floor.
- Executive Chairman notes supportive lending group and intent to expand facility further.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024018226/0001213900-24-018226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024018226/ea0200889-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-018226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer