Cedar Realty Trust Enters Material Agreement
Ticker: CDR-PB · Form: 8-K · Filed: Aug 19, 2025 · CIK: 761648
| Field | Detail |
|---|---|
| Company | Cedar Realty Trust, Inc. (CDR-PB) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25.00, $20,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, preferred-stock, financial-obligation
TL;DR
Cedar Realty Trust just signed a big deal affecting its preferred stock.
AI Summary
On August 15, 2025, Cedar Realty Trust, Inc. entered into a material definitive agreement related to its Series B Preferred Stock and Series C Preferred Stock. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
Why It Matters
This filing signals a significant financial event for Cedar Realty Trust, Inc., potentially impacting its preferred stock obligations and overall financial structure.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and financial obligations, which can carry inherent risks depending on the specifics not detailed in this summary.
Key Players & Entities
- Cedar Realty Trust, Inc. (company) — Registrant
- Series B Preferred Stock (dollar_amount) — Financial Obligation
- Series C Preferred Stock (dollar_amount) — Financial Obligation
FAQ
What is the nature of the material definitive agreement entered into by Cedar Realty Trust, Inc. on August 15, 2025?
The filing indicates the entry into a material definitive agreement related to its Series B Preferred Stock and Series C Preferred Stock.
What specific financial obligations are created by this filing for Cedar Realty Trust, Inc.?
The filing notes the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is August 15, 2025.
Under which section of the Securities Exchange Act of 1934 is this Current Report filed?
This Current Report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for Cedar Realty Trust, Inc.?
Cedar Realty Trust, Inc. is incorporated in Maryland.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2025-08-19 16:13:34
Key Financial Figures
- $25.00 — Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value CDRpB New York Stock
- $20,000,000 — cility to the Borrower in the amount of $20,000,000 pursuant to which Borrower may request
Filing Documents
- cdr-20250815.htm (8-K) — 32KB
- august2025keybankloanagree.htm (EX-10.1) — 949KB
- 0000761648-25-000057.txt ( ) — 1296KB
- cdr-20250815.xsd (EX-101.SCH) — 2KB
- cdr-20250815_def.xml (EX-101.DEF) — 15KB
- cdr-20250815_lab.xml (EX-101.LAB) — 27KB
- cdr-20250815_pre.xml (EX-101.PRE) — 16KB
- cdr-20250815_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 15, 2025, Cedar Realty Trust Partnership, L.P. (the "Borrower"), a wholly-owned subsidiary of Cedar Realty Trust, Inc. (the "Company"), entered into a Credit Agreement (the "Credit Agreement") with KeyBank National Association ("KeyBank") and the several other lenders (collectively, the "Lenders'), Keybanc Capital Markets, as lead arranger and bookrunner and KeyBank National Association, as administrative agent for the Lenders. Each capitalized term used herein and not otherwise defined herein shall have the same meaning as specified in the Credit Agreement. Under the Credit Agreement, the Lenders agreed to provide a staged advance credit facility to the Borrower in the amount of $20,000,000 pursuant to which Borrower may request a loan advance no more frequently than once per calendar month (each such advance, a "Loan," and collectively, the "Loans"). The Loans will mature on August 15, 2027 or such earlier date as accelerated pursuant to the terms of the Credit Agreement upon an Event of Default. Each Loan will bear interest, at the Borrower's election, at the Base Rate plus the Applicable Margin, the Daily Simple secured overnight financing rate ("SOFR") plus the Applicable Margin or the Term SOFR plus the Applicable Margin. Any Loan may be prepaid in full or in part subject to prior notice to the administrative agent and the payment of any applicable breakage fee with respect to SOFR Loans. The Company, Wheeler Real Estate Investment Trust, Inc. and certain wholly-owned subsidiaries of the Company (the "Subsidiary Guarantors") are guarantors of the Loans. The obligations of the Borrower under the Credit Agreement are secured by the equity interests in the Subsidiary Guarantors and the right to receive dividends and distributions from the Borrower's subsidiaries, and proceeds from capital events, including from the subsidiaries that are the owners of mortgage encumbered held for sale properties.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Credit Agreement, dated as of August 15, 2025, among Cedar Realty Trust Partnership, L.P., the Lenders party hereto, Keybanc Capital Markets and Keybank National Association. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CEDAR REALTY TRUST, INC. Date: August 19, 2025 By: /s/ M. Andrew Franklin M. Andrew Franklin Chief Executive Officer and President