---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-089782"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:10:52.047138+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic closes $50M unsecured term loan at 9.0%, rated BBB+ by Egan-Jones

## Summary
- Entered into $50M unsecured term loan maturing Oct 2028; fixed cash interest rate of 9.0% per annum.
- Egan-Jones assigned a BBB+ rating to both the Company (REFI) and the senior unsecured term loan.
- Full balance drawn at closing; used to repay existing borrowings on $110M senior secured revolver and for working capital.
- Loan is interest-only; can be prepaid whole or in part subject to prepayment penalties (3% in year 1, 2% in year 2).

## SEC filing metadata
- accession: 0001213900-24-089782
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390024089782/0001213900-24-089782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390024089782/ea0218083-8k_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-089782
- JSON: https://secwatch.observer/filing/0001213900-24-089782.json
- Plain text: https://secwatch.observer/filing/0001213900-24-089782.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.