secwatch.observer — SEC 8-K summary
======================================

Issuer:     Power REIT (PW)
CIK:        0001532619
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001493152-21-032342
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power REIT secures $20M debt facility at 5.52% for greenhouse growth
--------------------------------------------------------------------

- $20M debt facility with a commercial federally regulated bank; fixed rate 5.52%.
- 12-month draw period, then converts to a 5-year fully amortizing term loan.
- Proceeds to acquire additional greenhouse properties and fund value-add improvements.
- Facility can be expanded by adding unencumbered greenhouse assets to collateral pool.
- Non-dilutive capital plan preserves equity while targeting investment yield spread over borrowing cost.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532619/000149315221032342/0001493152-21-032342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532619/000149315221032342/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-032342

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