secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001564590-22-005226
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial repurchases $39.8M of 4.50% convertible notes due 2022
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- Repurchased $39.8M aggregate principal of its 4.50% convertible senior notes at par in a private transaction.
- Expected earnings charge of ~$574K ($0.06/share) from extinguishment and deferred cost acceleration.
- After repurchase, $48.2M aggregate principal of the notes remains outstanding.
- Settlement expected within two business days of February 11, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459022005226/0001564590-22-005226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459022005226/acr-8k_20220211.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-005226

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