secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0001558370-22-014604
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTO Realty Growth expands credit facility to $565M with $300M revolver and new $100M term loan
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- Total credit facility increased to $565M: $300M revolver (upsized from $210M), new $100M term loan, existing $165M term loans.
- Revolver maturity extended to January 2027 (from May 2023), with option to extend to 2028.
- Initial rates: revolver at SOFR+135 bps, term loan at SOFR+130 bps; sustainability-linked pricing may reduce margin.
- Accordion options allow revolver up to $750M and term loans up to $500M.
- Proceeds from $100M term loan used to repay revolver; no debt maturing until 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837022014604/0001558370-22-014604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837022014604/cto-20220920x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014604

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