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

Issuer:     Wheeler Real Estate Investment Trust, Inc. (WHLR)
CIK:        0001527541
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001527541-23-000028
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheeler REIT enters $53.07M term loan with Guggenheim at 6.24% fixed rate, matures 2033
--------------------------------------------------------------------------------

- Loan principal $53,070,000 from Guggenheim Real Estate LLC; fixed rate 6.24% per annum.
- Maturity date June 10, 2033; interest payable monthly starting July 10, 2023; principal amortization begins July 2028.
- Proceeds used to refinance owned properties, pay expenses, fund reserves, and working capital.
- Financial covenants: consolidated net worth >= $75M and minimum liquidity >= $6M for Operating Partnership guarantor.
- Loan secured by mortgage-level collateral on multiple retail properties held by wholly owned subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754123000028/0001527541-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754123000028/whlr-20230518.htm
  HTML page:      https://secwatch.observer/filing/0001527541-23-000028

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