{"schema_version":"secwatch.filing_event.v1","accession":"0002026448-25-000058","form_type":"8-K","ticker":null,"cik":"0002026448","company_name":"Principal Credit Real Estate Income Trust","filed_at":"2025-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.702452+00:00","generated_at":"2026-05-18T14:58:50.009018+00:00","sec_items":["1.01","2.03","7.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Principal Credit REIT enters $250M repurchase facility with Citibank; declares $0.1350/share June distribution","bullets":["PCREDIT Levered B LLC, a wholly-owned subsidiary, entered a $250M Master Repurchase Agreement with Citibank N.A. to finance eligible loan acquisitions.","Advances bear interest at Term SOFR plus a margin; facility matures June 27, 2027, with possible extension.","Company provides a guaranty covering up to 25% of the outstanding repurchase obligations, becoming full recourse on certain events.","Declared June 2025 distributions of $0.1350 per share for Class A, F-I, I, and E common shares, payable July 18, 2025 to holders of record June 30."],"urls":{"canonical":"https://secwatch.observer/filing/0002026448-25-000058","json":"https://secwatch.observer/filing/0002026448-25-000058.json","markdown":"https://secwatch.observer/filing/0002026448-25-000058.md","text":"https://secwatch.observer/filing/0002026448-25-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2026448/000202644825000058/0002026448-25-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2026448/000202644825000058/pcrei-20250627.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T14:58:50.009018+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":[{"claim_id":"c27c33f0ab22c121c9ff56c9e96930dd2de783f1","claim":"Principal Credit Real Estate Income Trust incurred credit facility of $250 million with Citibank, N.A. at Term SOFR for a one month period plus a margin as agreed upon by Citi and Seller maturing June 27, 2027.","evidence_excerpt":"by the Seller of eligible loans as more particularly described in the Repurchase Agreement. The Repurchase Agreement provides for asset purchases by Citi for a maximum amount of $250 million. Advances under the Repurchase Agreement accrue interest at a per annum rate equal to the Term SOFR (as defined in the Repurchase Agreement) for a one month period plus a margin","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2026448/000202644825000058/0002026448-25-000058-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$250 million"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Rate","value":"Term SOFR for a one month period plus a margin as agreed upon by Citi and Seller"},{"label":"Maturity","value":"June 27, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}