Greystone Housing Files 8-K on Material Definitive Agreement

TL;DR

**Greystone Housing just signed a big deal, but the 8-K is light on details, so stay tuned for more info.**

AI Summary

Greystone Housing Impact Investors LP filed an 8-K on January 22, 2024, reporting an "Entry into a Material Definitive Agreement" and "Other Events" as of January 19, 2024. While the filing indicates a significant agreement, it does not disclose the specific details of the agreement itself. This matters to investors because without the specifics of the material definitive agreement, it's impossible to assess the potential financial impact, risks, or opportunities for Greystone Housing Impact Investors LP, leaving shareholders in the dark about a potentially crucial development.

Why It Matters

This filing signals a new, important agreement for Greystone Housing Impact Investors LP, but the lack of details means investors can't yet understand its financial implications.

Risk Assessment

Risk Level: medium — The risk is medium because a material definitive agreement has been entered into, but its terms and potential impact are not disclosed, creating uncertainty for investors.

Analyst Insight

A smart investor would monitor for subsequent filings (like a 10-K or 10-Q, or another 8-K) that provide the specific details of the 'Material Definitive Agreement' to assess its potential impact on the company's financials and future prospects before making any investment decisions.

Key Players & Entities

• Greystone Housing Impact Investors LP (company) — the registrant filing the 8-K
• January 19, 2024 (date) — date of the earliest event reported
• January 22, 2024 (date) — date the 8-K was filed
• 001-41564 (other) — Commission File Number
• 47-0810385 (other) — IRS Employer Identification No.

FAQ

Filing Documents

• ghi-20240119.htm (8-K) — 47KB
• ghi-ex99_1.htm (EX-99.1) — 14KB
• 0000950170-24-006086.txt ( ) — 180KB
• ghi-20240119.xsd (EX-101.SCH) — 24KB
• ghi-20240119_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 19, 2024, Greystone Housing Impact Investors LP (the “Partnership”) issued, under its existing “shelf” registration statement on Form S-4 (Reg. No. 333-275170), 1,750,000 Series B Preferred Units representing limited partnership interests in the Partnership (the “Series B Preferred Units”) to Mechanics Bank (the “Investor”) in exchange for 1,750,000 outstanding Series A Preferred Units representing limited partnership interests in the Partnership (the “Series A Preferred Units”) held of record by the Investor. There were no net proceeds to the Partnership as a result of the exchange transaction, and there was no cash consideration paid by the Partnership to the Investor in connection with the transaction. The exchange transaction was effected pursuant to an Exchange Agreement entered into between the Partnership and the Investor dated as of January 19, 2024 (the “Agreement”). Upon the issuance of the Series B Preferred Units to the Investor in accordance with the Agreement, all of the Investor’s rights under the Series A Preferred Units previously held by the Investor were extinguished, and the Investor now holds all of the rights and preferences, and is subject to all of the obligations, limitations, and restrictions under the terms and conditions of the Series B Preferred Units. The exchange transaction closed on January 19, 2024. The Agreement contains customary representations and warranties made by the Partnership with respect to matters such as organization, good standing, and qualification, authorization, valid issuance of securities, no consents, waivers, or conflicts, absence of proceedings, and validity and enforcement. The Agreement also contains customary representations and warranties made by the Investor with respect to matters such as investor information, investment intent, liquidity, no gov

01 Other Events

Item 8.01 Other Events. On January 22, 2024, the Partnership issued a press release announcing the closing of the transaction described in this report, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this report are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts, on business operations, employment, and financial conditions; current financial conditions within the banking industry, including the effects of recent failures of financial institutions, liquidity levels, and responses by the Federal Reserve, Department of the Treasury, and the Federal Deposit Insurance Corpor

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated January 22, 2024. 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 thereunto duly authorized. Greystone Housing Impact Investors LP Date: January 22, 2024 By: /s/ Jesse A. Coury Printed: Jesse A. Coury Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR