secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001564590-21-052991
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty Corp. extends repurchase agreements with JPMorgan and Barclays
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- JPMorgan amendment: Maturity extended from Oct 26, 2021 to Oct 26, 2024; Tangible Net Worth Requirement increased to $350 million
- Barclays amendment: Revolving period extended to Oct 29, 2022; associated guaranty amended to apply financial covenants only when transactions outstanding
- Amendments entered by subsidiaries RCC Real Estate SPE 8 (JPMorgan) and SPE 7 (Barclays) on Oct 26 and Oct 29, 2021 respectively

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021052991/0001564590-21-052991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021052991/acr-8k_20211026.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-052991

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