debt
confidence high
sentiment neutral
materiality 0.40
Sterling Real Estate Trust enters $10M revolving note with affiliate at 6.75% interest
Sterling Real Estate Trust
- $10M revolving promissory note from Sterling Properties LLLP to Sterling Office and Industrial Properties LLLP.
- Interest rate initially 6.75%, adjustable by administrator with 30-day notice; maturity Dec 31, 2025.
- Note is guaranteed by Sterling Real Estate Trust, contains customary events of default.
- This 8-K/A amends prior filing to correct interest rate information.
item 2.03item 9.01