---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-006000"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:24:28.647418+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified terminates Wells Fargo revolving credit line; releases Chicago property from collateral

## Summary
- Terminated $0-drawn revolver with Wells Fargo; no penalties incurred.
- Term Loan remains with $17.4M outstanding as of March 31, 2025.
- Removed MDR Central Avenue as co-borrower; released mortgage on 3535 N. Central Ave., Chicago.
- Remaining borrowers (MDR Lancer, Greenbrier, Salisbury) reaffirm obligations.
- Company states it was in compliance with all covenants at termination.

## SEC filing metadata
- accession: 0001558370-25-006000
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837025006000/0001558370-25-006000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837025006000/mdrr-20250428x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006000
- JSON: https://secwatch.observer/filing/0001558370-25-006000.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006000.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.