---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008900"
form_type: "8-K"
ticker: "BEEP"
cik: "0001847874"
company_name: "Mobile Infrastructure Corp"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:07:43.174102+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mobile Infrastructure extends credit facility to June 2025; interest rate steps up after Oct 2024

## Summary
- Maturity extended to June 30, 2025 with two six-month extension options ending Oct 1, 2024 and Apr 1, 2025.
- Applicable SOFR rate rises from 3.0% to 3.5% after Oct 1, 2024 and to 4.0% after Apr 1, 2025.
- Borrower must prepay 100% of net proceeds from equity offerings, asset sales, or refinancings (Capital Events).
- Equity pledgor (Mobile Infra Holdings) pledges all interests in Clarksburg, Clybourn, Milwaukee Old World properties as additional collateral.
- Borrower required to work diligently to refinance the Streeter Property in Chicago.

## SEC filing metadata
- accession: 0001493152-24-008900
- form_type: 8-K
- ticker: BEEP
- cik: 0001847874
- company_name: Mobile Infrastructure Corp
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847874/000149315224008900/0001493152-24-008900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847874/000149315224008900/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008900
- JSON: https://secwatch.observer/filing/0001493152-24-008900.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008900.txt

## Key facts
- Debt Financings
  Mobile Infrastructure Corp amended credit facility with KeyBank National Association maturing June 30, 2025.
  - Instrument: credit facility
  - Counterparty: KeyBank National Association
  - Maturity: June 30, 2025
  - Event: amendment
  source text: Pursuant to the Third Amendment, the parties agreed to extend the maturity date of the Credit Agreement to a maximum maturity date of June 30, 2025, subject to certain interest rate adjustments after the first extended maturity date of October 1, 2024, and certain further interest rate adjustments after the second extended maturity date of April 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847874/000149315224008900/0001493152-24-008900-index.htm
- Material Agreements
  Mobile Infrastructure Corp amended Third Amendment to Credit Agreement with KeyBank National Association valued at Extended maturity date to June 30, 2025, with interest rate adjustments; required to refinance Chica (effective 2024-03-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: KeyBank National Association
  - Value: Extended maturity date to June 30, 2025, with interest rate adjustments; required to refinance Chica
  - Effective: 2024-03-01
  source text: On March 1, 2024, Mobile Infrastructure Corporation (the “ Company ”) entered into that certain Third Amendment to Credit Agreement (the “ Third Amendment ”), by and among the Company, Mobile Infra Operating Company, LLC (the “ Operating Company ”), certain subsidiaries of the Operating Company (together with the Operating Company, the “ Borrower ”), and KeyBank National Association (“ KeyBank ”), amending that certain Credit Agreement, dated as of March 29, 2022, as amended by that certain First Amendment to Credit Agreement, dated as of November 17, 2022, and as further amended by that Waiver and Second Amendment to Credit Agreement, dated as of August 25, 2023 (collectively with the Third Amendment, the “ Credit Agreement ”), by and among the Borrower, the Company, KeyBank and the other financial institutions party thereto as lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847874/000149315224008900/0001493152-24-008900-index.htm

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