secwatch.observer — SEC 8-K summary
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Issuer:     CaliberCos Inc. (CWD)
CIK:        0001627282
Form:       8-K
Filed at:   2026-09-14T22:30:23+00:00
Accession:  0001627282-26-000070
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627282/000162728226000070/0001627282-26-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627282/000162728226000070/cwd-20260914.htm
  HTML page:      https://secwatch.observer/filing/0001627282-26-000070

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