---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-011910"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2022-05-11T23:59:59+00:00"
generated_at: "2026-06-25T21:12:58.989898+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NewLake Capital Partners secures $30M revolving credit facility, expandable to $100M

## Summary
- Five-year facility with initial $30M commitment; can increase to $100M with additional lenders.
- Fixed interest rate of 5.65% for first 3 years, then floating at Prime plus 1% (min 4.75%).
- Covenants include minimum $1M liquidity and 1.50x debt service coverage ratio quarterly.
- Borrowing base set at 50% of acquisition/improvement costs of eligible fee-owned properties.
- First credit facility for the company; proceeds to fund investments in cannabis real estate.

## SEC filing metadata
- accession: 0001437749-22-011910
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2022-05-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854964/000143774922011910/0001437749-22-011910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000143774922011910/nlcp20220510c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-011910
- JSON: https://secwatch.observer/filing/0001437749-22-011910.json
- Plain text: https://secwatch.observer/filing/0001437749-22-011910.txt

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