secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Oak Strategic Opportunity REIT, Inc. (—)
CIK:        0001452936
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001452936-25-000080
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1452936/000145293625000080/0001452936-25-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1452936/000145293625000080/pacoaksor-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001452936-25-000080

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