Gladstone Commercial Corp Enters New Agreement, Incurs Obligation
Ticker: GOODO · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1234006
| Field | Detail |
|---|---|
| Company | Gladstone Commercial Corp (GOODO) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $75,000,000 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Gladstone Commercial Corp just signed a new deal and owes money. Details TBD.
AI Summary
Gladstone Commercial Corporation entered into a material definitive agreement on December 18, 2024, which also created a direct financial obligation. The filing does not specify the other party to the agreement or the financial details of the obligation.
Why It Matters
This filing indicates a new financial commitment for Gladstone Commercial Corp, which could impact its balance sheet and future financial flexibility.
Risk Assessment
Risk Level: medium — The filing indicates a new financial obligation without providing specific details, creating uncertainty about the associated risks.
Key Players & Entities
- Gladstone Commercial Corporation (company) — Registrant
- December 18, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Gladstone Commercial Corporation?
The filing states that Gladstone Commercial Corporation entered into a material definitive agreement on December 18, 2024, but does not specify its nature.
What is the direct financial obligation created by this agreement?
The filing confirms the creation of a direct financial obligation but does not provide details on its amount or terms.
Who is the other party to this material definitive agreement?
The filing does not disclose the identity of the other party involved in the agreement.
What is the specific dollar amount of the financial obligation incurred?
The filing does not specify the dollar amount of the financial obligation.
Are there any immediate implications for Gladstone Commercial Corporation's financial statements mentioned in this filing?
The filing indicates the creation of a direct financial obligation, which would typically impact financial statements, but provides no specific details on those implications.
Filing Stats: 1,320 words · 5 min read · ~4 pages · Grade level 12.7 · Accepted 2024-12-19 16:14:31
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share GOOD The Nasdaq
- $75,000,000 million — the Partnership issued to the Purchaser $75,000,000 million aggregate principal amount of its 6.47%
Filing Documents
- d914093d8k.htm (8-K) — 36KB
- d914093dex101.htm (EX-10.1) — 484KB
- d914093dex102.htm (EX-10.2) — 91KB
- 0001193125-24-282020.txt ( ) — 907KB
- good-20241218.xsd (EX-101.SCH) — 4KB
- good-20241218_def.xml (EX-101.DEF) — 14KB
- good-20241218_lab.xml (EX-101.LAB) — 23KB
- good-20241218_pre.xml (EX-101.PRE) — 15KB
- d914093d8k_htm.xml (XML) — 7KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Form of 6.47% Senior Guaranteed Notes due December 18, 2029 (included as Schedule 1 to the Note Purchase Agreement filed herewith as Exhibit 10.1). 10.1 Note Purchase Agreement, dated December 18, 2024 by and among Gladstone Commercial Limited Partnership, Gladstone Commercial Corporation and the Purchasers party thereto. 10.2 Unconditional Guaranty of Payment and Performance, dated December 18, 2024, between Gladstone Commercial Corporation and the other guarantors party thereto. 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. Gladstone Commercial Corporation (Registrant) December 19, 2024 By: /s/ Gary Gerson Gary Gerson Chief Financial Officer