{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-022153","form_type":"8-K","ticker":"UMH","cik":"0000752642","company_name":"UMH PROPERTIES, INC.","filed_at":"2026-05-11T13:00:33+00:00","discovered_at":"2026-05-11T14:49:57.127956+00:00","generated_at":"2026-05-11T18:22:15.952989+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"UMH amends and extends credit facility to $260M with $340M accordion; maturity to 2030","bullets":["Facility increased to $260M available; $340M accordion feature brings potential to $600M with additional lenders.","Maturity extended from Nov 7, 2026 to May 7, 2030, with a one-year extension option.","Interest spread reduced by 35-40 bps to SOFR+1.30%-1.90% depending on leverage ratio.","Unencumbered community capitalization rate decreased from 6.5% to 6.0%, increasing borrowing base.","As of May 8, 2026, $10M drawn and $250M available under the amended facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-022153","json":"https://secwatch.observer/filing/0001493152-26-022153.json","markdown":"https://secwatch.observer/filing/0001493152-26-022153.md","text":"https://secwatch.observer/filing/0001493152-26-022153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/752642/000149315226022153/0001493152-26-022153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/752642/000149315226022153/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T18:22:15.952989+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5a498d4bc859f99358ac68d437baa8947e985838","claim":"UMH PROPERTIES, INC. amended Third Amended and Restated Credit Agreement with BMO Capital Markets Corp., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A. valued at $260 million in available borrowings with a $340 million accordion feature (effective 2026-05-07).","evidence_excerpt":"On May 7, 2026, UMH Properties, Inc. (“UMH” or the “Company”) entered into a Third Amended and Restated Credit Agreement (the Amendment” or the “Amended Facility”) to amend and extend its existing unsecured revolving credit facility","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/752642/000149315226022153/0001493152-26-022153-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BMO Capital Markets Corp., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A."},{"label":"Value","value":"$260 million in available borrowings with a $340 million accordion feature"},{"label":"Effective","value":"2026-05-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}