Sealy Industrial Partners IV, LP Enters Material Agreement
| Field | Detail |
|---|---|
| Company | Sealy Industrial Partners IV, LP |
| Form Type | 8-K |
| Filed Date | Sep 17, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $105.2 million, $76.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, real-estate
TL;DR
Sealy Industrial Partners IV, LP just signed a big deal, creating new financial obligations.
AI Summary
Sealy Industrial Partners IV, LP entered into a material definitive agreement on September 11, 2025. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Sealy Industrial Partners IV, LP, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — The creation of a material definitive agreement and financial obligations suggests potential new risks and commitments for the company.
Key Players & Entities
- Sealy Industrial Partners IV, LP (company) — Registrant
- September 11, 2025 (date) — Date of earliest event reported
- 333 Texas Street, Suite 1050 (location) — Principal Executive Offices
- Shreveport, Louisiana (location) — Principal Executive Offices City and State
- 71101 (location) — Principal Executive Offices Zip Code
FAQ
What type of material definitive agreement did Sealy Industrial Partners IV, LP enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on September 11, 2025.
What are the specific financial obligations created by this agreement?
The filing states that the agreement created a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not detail the specific amounts or terms.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 11, 2025.
What is the principal business address of Sealy Industrial Partners IV, LP?
The principal executive offices are located at 333 Texas Street, Suite 1050, Shreveport, Louisiana 71101.
What is the SIC code for Sealy Industrial Partners IV, LP?
The Standard Industrial Classification (SIC) code for Sealy Industrial Partners IV, LP is 6500, which falls under Real Estate.
Filing Stats: 831 words · 3 min read · ~3 pages · Grade level 8.5 · Accepted 2025-09-17 11:56:02
Key Financial Figures
- $105.2 million — for a 5-year term loan in the amount of $105.2 million (the "Thrivent Loan"). The outstandin
- $76.5 million — k National Association in the amount of $76.5 million. The foregoing summary of the Thriven
Filing Documents
- ck0001929017-20250911.htm (8-K) — 55KB
- ck0001929017-ex10_1.htm (EX-10.1) — 235KB
- ck0001929017-ex10_2.htm (EX-10.2) — 148KB
- 0001929017-25-000021.txt ( ) — 602KB
- ck0001929017-20250911.xsd (EX-101.SCH) — 25KB
- ck0001929017-20250911_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 11, 2025, Sealy Gardner Avenue, L.L.C., Sealy South Green Road, L.L.C., Sealy Commercial Drive II, L.L.C., Sealy Pederson Road, L.L.C., Sealy Crossroads L, L.L.C., Sealy Stateline K, L.L.C., and Sealy Northpoint One, L.L.C. (collectively, the "Borrowers"), each a Georgia limited liability company and a wholly owned subsidiary of Sealy Industrial Partners IV, LP (the "Registrant"), entered into a loan agreement (the "Thrivent Loan Agreement") and a promissory note (the "Thrivent Promissory Note") with Thrivent Financial for Lutherans for a 5-year term loan in the amount of $105.2 million (the "Thrivent Loan"). The outstanding principal balance of the Thrivent Loan bears a fixed interest rate at 5.39% per annum. Interest for the period from September 11, 2025 to September 30, 2025 was due and prepaid on September 11, 2025. Subsequently, interest-only payment is due on the first day of each month starting November 1, 2025. The Thrivent Loan matures on October 1, 2030. Prepayment in full is allowed upon payment of a Reinvestment Charge (as defined in the Thrivent Promissory Note) if prepaid on or before April 1, 2030 and without payment of a Reinvestment Charge if prepaid after April 1, 2030. The Thrivent Loan is secured by, among other things, first-lien deeds of trust and mortgages encumbering seven properties owned by the Borrowers and is guaranteed by Sealy Industrial Partners IV OP, LP, a wholly owned subsidiary of the Registrant. The Thrivent Loan Agreement, the Thrivent Promissory Note and the documents associated with the Thrivent Loan contain representations, warranties, covenants, events of default and indemnities that are customary for loans of this type. The proceeds from the Thrivent Loan, net of lenders fees and expenses, were used to pay off the outstanding balance under the Registrant's existing revolving credit facility with KeyBank National Association in the amount of $76.5 mil
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Loan Agreement, dated September 11, 2025, by and among Thrivent Financial for Lutherans and Sealy Gardner Avenue, L.L.C., Sealy South Green Road, L.L.C., Sealy Commercial Drive II, L.L.C., Sealy Pederson Road, L.L.C., Sealy Crossroads L, L.L.C., Sealy Stateline K, L.L.C., and Sealy Northpoint One, L.L.C. 10.2 Promissory Note, dated September 11, 2025 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. Sealy Industrial Partners IV, LP Date: September 17, 2025 By: Sealy Industrial Partners IV GP, LLC, its general partner /s/ Mark P. Sealy Name: Mark P. Sealy Manager