secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0001564590-21-044937
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty Corp. issues $150M of 5.75% senior unsecured notes due 2026
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- Issued $150M in aggregate principal amount of 5.75% senior unsecured notes maturing August 15, 2026.
- Interest payable semiannually on Feb 15 and Aug 15, commencing Feb 15, 2022.
- Redeemable at make-whole premium prior to May 15, 2026; thereafter at par.
- Upon change of control, Company must offer to repurchase notes at 101% of principal plus accrued interest.
- Indenture includes financial ratio maintenance covenants and customary events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021044937/0001564590-21-044937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021044937/acr-8k_20210816.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-044937

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