---
schema_version: "secwatch.filing_event.v1"
accession: "0001627282-26-000070"
form_type: "8-K"
ticker: "CWD"
cik: "0001627282"
company_name: "CaliberCos Inc."
filed_at: "2026-09-14T22:30:23+00:00"
generated_at: "2026-09-15T10:05:36.724167+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caliber restructures $12.6M notes: extends maturities, cuts interest, gains payoff option

## Summary
- $12.6M notes restructured: $2.9M into 5-yr 6% amortizing notes, $0.6M into Series AAA convertible preferred, $9.1M payoff option at 80% (~$7.3M).
- Program addresses ~$11.3M of $21.1M (54%) of notes maturing within 12 months; cuts annual interest +$1.3M if fully exercised.
- New notes replace ~11.5% weighted avg rate with 6%, reducing interest expense ~73% over five years.
- Series AAA preferred pays 12% non-cumulative dividend (cash or stock), convertible in tranches at $2.50/$3.50/$4.50.
- If payoff option exercised in full, company expects ~$1.8M gain; funding sources not yet secured.

## SEC filing metadata
- accession: 0001627282-26-000070
- form_type: 8-K
- ticker: CWD
- cik: 0001627282
- company_name: CaliberCos Inc.
- filed_at: 2026-09-14T22:30:23+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627282/000162728226000070/0001627282-26-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627282/000162728226000070/cwd-20260914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627282-26-000070
- JSON: https://secwatch.observer/filing/0001627282-26-000070.json
- Plain text: https://secwatch.observer/filing/0001627282-26-000070.txt

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