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:   2024-10-23T23:59:59+00:00
Accession:  0001213900-24-089782
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024089782/0001213900-24-089782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024089782/ea0218083-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-089782

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