secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001564590-22-026696
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 2.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty extends $250M credit facility availability period to Aug 31, 2022; adjusts interest rate
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- Fifth Amendment extends Availability Period from July 31 to August 31, 2022.
- Interest rate on new Advances set at rate determined by Initial Lender or 5.75% per annum.
- Amendment involves Massachusetts Mutual Life Insurance Co. and Wells Fargo as Administrative Agent.
- Loan and Servicing Agreement originally dated July 31, 2020, with $250 million facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459022026696/0001564590-22-026696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459022026696/acr-8k_20220726.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-026696

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