secwatch.observer — SEC 8-K summary
======================================

Issuer:     Inland Real Estate Income Trust, Inc. (INRE)
CIK:        0001528985
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001564590-22-004388
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inland Real Estate Income Trust upsizes credit facility to $475M, enters interest rate swaps
--------------------------------------------------------------------------------

- Credit facility increased from $350M to $475M: $200M revolver + $275M term loan.
- Revolver matures Feb 3, 2026; term loan matures Feb 3, 2027.
- Interest rate swaps fixed SOFR-based rate at 1.758% on $275M notional through Feb 3, 2027.
- Outstanding: $19.3M under revolver, $275M under term loan as of signing.
- Facility can be increased up to $825M subject to conditions; covenants include unencumbered pool of at least 15 properties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000156459022004388/0001564590-22-004388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000156459022004388/ck1528985-8k_20220203.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-004388

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