secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001558370-25-006000
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025006000/0001558370-25-006000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025006000/mdrr-20250428x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-006000

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