secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-08-20T23:59:59+00:00
Accession:  0001564590-21-045285
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty redeems $50M 12% notes due 2027; incurs $8M charge
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- Paid $55.3M to Oaktree and MassMutual to redeem all $50M principal of 12% senior unsecured notes due 2027.
- Redemption includes $5.0M make-whole amount reduced by $3.2M; total charge to earnings $8.0M ($0.82/share).
- Charge comprises $7.8M extinguishment cost and $218K accelerated deferred debt issuance costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021045285/0001564590-21-045285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021045285/acr-8k_20210818.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-045285

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