{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-011101","form_type":"8-K","ticker":"SHO","cik":"0001295810","company_name":"Sunstone Hotel Investors, Inc.","filed_at":"2022-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.304696+00:00","generated_at":"2026-06-24T08:03:31.221101+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sunstone Hotel Investors closes $850M credit agreement, extends maturities to 2027/2028","bullets":["New $500M unsecured revolver plus $350M term loans (two $175M tranches), up from $108M prior.","Proceeds used to fully repay the $230M outstanding on the prior revolver; facility now undrawn.","Revolver matures July 2026 with two six-month extension options to July 2027; term loans mature July 2027 and Jan 2028.","Interest rate ranges from 1.35% to 2.25% over adjusted SOFR based on leverage; sustainability-linked pricing can lower margin by 0.02%.","Covenants include max leverage 6.5x, min fixed-charge coverage 1.5x, and unencumbered borrowing base of at least 7 properties / $500M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-011101","json":"https://secwatch.observer/filing/0001558370-22-011101.json","markdown":"https://secwatch.observer/filing/0001558370-22-011101.md","text":"https://secwatch.observer/filing/0001558370-22-011101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1295810/000155837022011101/0001558370-22-011101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1295810/000155837022011101/sho-20220725x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T08:03:31.221101+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}