secwatch.observer — SEC 8-K summary
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Issuer:     INTERGROUP CORP (INTG)
CIK:        0000069422
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001493152-24-017460
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InterGroup subsidiary enters forbearance agreements; $8.6M principal paydown required
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- Mortgage Loan Forbearance with U.S. Bank allows no action until Jan 1, 2025, subject to Termination Event.
- Justice must make all regularly scheduled payments; also required 10% principal paydown of $8,589,706.44.
- Mezz Forbearance with CRED REIT HOLDCO LLC advanced $4.5M for the principal paydown; no payments due during forbearance.
- Portsmouth Square will endeavor to refinance loans before new maturity date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69422/000149315224017460/0001493152-24-017460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69422/000149315224017460/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017460

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