---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-046953"
form_type: "8-K"
ticker: "ACR"
cik: "0001332551"
company_name: "ACRES Commercial Realty Corp."
filed_at: "2021-09-02T23:59:59+00:00"
generated_at: "2026-06-29T06:04:43.975167+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# ACRES Commercial Realty amends repo agreement with JPMorgan, adjusts liquidity covenant, adds LIBOR fallback

## Summary
- Minimum liquidity covenant revised to 5% of aggregate outstanding repurchase price (amendment to Guarantee §9(a)(i)(B)).
- Added detailed LIBOR replacement terms: alternate rates based on SOFR (Term SOFR, Compounded SOFR) and benchmark transition process.
- LIBOR transition anticipated on July 1, 2023; includes alternate rate spread adjustments and conforming changes.
- Amendment effective September 1, 2021, between subsidiary RCC Real Estate SPE 8, LLC and JPMorgan Chase Bank.
- No new borrowing or change in financial performance; routine modification of existing credit facility terms.

## SEC filing metadata
- accession: 0001564590-21-046953
- form_type: 8-K
- ticker: ACR
- cik: 0001332551
- company_name: ACRES Commercial Realty Corp.
- filed_at: 2021-09-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1332551/000156459021046953/0001564590-21-046953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1332551/000156459021046953/acr-8k_20210901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-046953
- JSON: https://secwatch.observer/filing/0001564590-21-046953.json
- Plain text: https://secwatch.observer/filing/0001564590-21-046953.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.