---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-26-000236"
form_type: "8-K"
ticker: "SWRD"
cik: "0001795851"
company_name: "Stewards, Inc."
filed_at: "2026-07-30T14:36:14+00:00"
generated_at: "2026-07-30T14:37:12.482365+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stewards, Inc. closes $69M senior loan, $10M mezzanine, $5M convertible note, and $25M HOPCo note

## Summary
- Senior loan of $69M at Term SOFR + 3.50% (reducing to 3.00%) matures Aug 2028 with three one-year extension options.
- Mezzanine loan of $10M at Term SOFR + 12.00% (floor 14.50%) matures Aug 2028, secured by 100% of mortgage borrower interests.
- $5M secured convertible notes at 15% interest, 180-day maturity, convertible at $3.00/share, with warrants for 1,666,665 shares at $3.00.
- HOPCo convertible note up to $25M (initial $5M funded) at 8% PIK, matures 2031, converts to Class A2 units if no equity closing by Oct 31, 2026.
- Proceeds used for HOPCo acquisition payments and general corporate purposes.

## SEC filing metadata
- accession: 0001663577-26-000236
- form_type: 8-K
- ticker: SWRD
- cik: 0001795851
- company_name: Stewards, Inc.
- filed_at: 2026-07-30T14:36:14+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795851/000166357726000236/0001663577-26-000236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795851/000166357726000236/swrd_8k07272026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-26-000236
- JSON: https://secwatch.observer/filing/0001663577-26-000236.json
- Plain text: https://secwatch.observer/filing/0001663577-26-000236.txt

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