secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001564590-21-046127
Event type: debt
Sentiment:  neutral
Materiality: 0.60
LLM model:  deepseek-v4-flash:cloud@v2

Acres Commercial Realty repurchases $51.7M of 4.5% convertible notes due 2022
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- Repurchased ~$51.7M aggregate principal (plus accrued interest) of 4.5% convertible notes due 2022 at par in private transactions.
- Anticipated charge to earnings of ~$1.4M ($0.15/share) from extinguishment of debt and acceleration of deferred issuance costs.
- Approximately $92.0M aggregate principal of the notes remains outstanding after the repurchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021046127/0001564590-21-046127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021046127/acr-8k_20210824.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-046127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer