{"schema_version":"secwatch.filing_event.v1","accession":"0001692951-26-000193","form_type":"8-K","ticker":null,"cik":"0001692951","company_name":"Cottonwood Communities, Inc.","filed_at":"2026-10-16T16:54:58+00:00","discovered_at":"2026-10-16T16:56:00.263408+00:00","generated_at":"2026-10-16T16:56:09.045277+00:00","sec_items":["1.01","2.03","7.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Cottonwood Communities amends merger escrow, signs $75M JPMorgan term loan and $100M revolver, cuts distribution","bullets":["On Oct 15, 2026 CCI and the Mandel Parties amended merger agreements so the escrow equals 1.5% of purchase price including assumed or repaid debt, fixing a scrivener's error.","CROP signed a loan agreement with JPMorgan Chase on Oct 16, 2026: $75,000,000 term loan ($38,000,000 funded at closing) plus up to $100,000,000 in revolving commitments.","Term loan proceeds will finance an acquisition and reduce an outstanding loan by $25,400,000; pricing is Term SOFR plus 3.35%, maturing October 16, 2029.","Covenants require CROP to maintain a minimum NAV of $750,000,000, plus debt yield, fixed charge coverage and pledge coverage ratios; term loan may grow to $150,000,000 at lender discretion.","CCI's board cut the monthly distribution to $0.05166667 per share/unit for record date Nov 30, 2026, an annualized ~5.5% of the $11.3303 NAV as of Sept 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001692951-26-000193","json":"https://secwatch.observer/filing/0001692951-26-000193.json","markdown":"https://secwatch.observer/filing/0001692951-26-000193.md","text":"https://secwatch.observer/filing/0001692951-26-000193.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692951/000169295126000193/0001692951-26-000193-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692951/000169295126000193/cci-20261015.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-16T16:56:09.045277+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}