Greystone Housing Impact Investors LP Enters New Loan Agreement

TL;DR

Greystone Housing Impact Investors LP just signed a new loan agreement, adding to its debt obligations.

AI Summary

On October 31, 2024, Greystone Housing Impact Investors LP entered into a material definitive agreement, specifically a loan agreement. This agreement creates a direct financial obligation for the registrant, indicating new debt financing. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates Greystone Housing Impact Investors LP has taken on new debt, which could impact its financial leverage and future investment capacity.

Risk Assessment

Risk Level: medium — Entering into new debt agreements can increase financial risk for a company.

Key Players & Entities

• Greystone Housing Impact Investors LP (company) — Registrant
• October 31, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 14301 FNB Parkway, Suite 211, Omaha, NE 68154 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $75.4 m — eceived gross proceeds of approximately $75.4 million, of which approximately $1.2 mill
• $1.2 million — y $75.4 million, of which approximately $1.2 million was used to pay transaction-related cos
• $75.4 million — ) in the stated amount of approximately $75.4 million to fund the Authority's acquisition of
• $74.2 million — the Authority delivered to the Sponsor $74.2 million in cash, which represents the gross pro

Filing Documents

• ghi-20241031.htm (8-K) — 58KB
• ghi-ex10_1.htm (EX-10.1) — 131KB
• ghi-ex10_2.htm (EX-10.2) — 634KB
• ghi-ex10_3.htm (EX-10.3) — 80KB
• 0000950170-24-121524.txt ( ) — 1135KB
• ghi-20241031.xsd (EX-101.SCH) — 28KB
• ghi-20241031_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. 2024 PFA Securitization Transaction On October 31, 2024, Greystone Housing Impact Investors LP (the "Partnership") and its wholly owned subsidiary, ATAX TEBS II, LLC (the "Sponsor"), entered into various agreements relating to a new long-term financing facility (the "2024 PFA Securitization Transaction") which provided funding for the Sponsor's partial interests in 14 mortgage revenue bonds (the "Underlying Bonds"). Upon closing, the Sponsor received gross proceeds of approximately $75.4 million, of which approximately $1.2 million was used to pay transaction-related costs. The Wisconsin Public Financing Authority (the "Authority") and Wilmington Trust, National Association (the "Trustee") created the 2024 PFA Securitization Transaction. The Sponsor then sold 14 custodial receipts representing senior interests in the Underlying Bonds (the "Custodial Receipts") to the Authority. The Authority then issued 2024-1 Class A Affordable Housing Multifamily Certificates (the "Class A Certificates") in the stated amount of approximately $75.4 million to fund the Authority's acquisition of the Custodial Receipts. The Class A Certificates were purchased by Jefferies LLC (the "Initial Purchaser") which then sold the Class A Certificates to unaffiliated investors. For financial reporting purposes, the Class A Certificates are considered a secured financing of the Partnership. Debt service on the Class A Certificates is payable from the cash flows due on the Custodial Receipts from the Underlying Bonds. The holders of the Class A Certificates are entitled to interest at a fixed rate of 4.10% per annum, payable monthly, and all principal payments on the Custodial Receipts until the stated amount of the Class A Certificates is reduced to zero. The Trustee is entitled to a trustee fee equal to 0.03% per annum payable from the cash flows of the Custodial Receipts. The Partnership is also responsible for paying credit enhan

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 10.1 Portfolio Purchase Agreement dated October 31, 2024 between ATAX TEBS II, LLC and the Wisconsin Public Finance Authority. 10.2 Trust Agreement between the Wisconsin Public Finance Authority and Wilmington Trust, National Association dated October 31, 2024. 10.3 Administration Agreement by and among Wilmington Trust, National Association, the Wisconsin Public Finance Authority, and Greystone Housing Impact Investors LP dated October 31, 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: November 5, 2024 By: /s/ Jesse A. Coury Printed: Jesse A. Coury Title: Chief Financial Officer

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View this 8-K filing on SEC EDGAR