secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001437749-22-018633
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewLake Capital Partners upsizes credit facility to $90M from $30M
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- Aggregate commitment under revolving facility increased from $30M to $90M.
- Facility matures May 2027; fixed rate 5.65% for first 3 years then floating.
- Two lenders added to existing five-year revolving credit facility.
- Facility allows further expansion as additional lenders are added or commitments increased.
- CEO cites access to debt capital as competitive advantage for investing in cannabis real estate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000143774922018633/0001437749-22-018633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000143774922018633/nlcp20220803_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-018633

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