Pacific Oak Strategic Opportunity REIT enters $80M credit agreement; refinances Series C bonds

Pacific Oak Strategic Opportunity REIT, Inc.

Loan of $80M secured by three properties; SOFR+6.5% per annum with 3.5% floor, interest-only monthly payments.
Approximately $44.8M used to fully repay and delist Series C bonds from Tel Aviv Stock Exchange.
Partial principal repayments: min $45M upon second phase of Park Highlands sale (Dec 2026), min $35M upon third phase.
Credit Agreement termination Dec 1, 2027 (or Mar 1, 2028 if Park Highlands sale not completed); 4% voluntary prepayment exit fee.
Guarantors provide full recourse until Series B/D bonds extended; thereafter limited to bad-boy guarantees.

item 1.01item 2.03

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.