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<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><a id="_9c4f73fc_aa80_4103_8706_97606a7ac6fc"></a><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:61pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;">Item 1.01.</b></span><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Entry</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.1pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">into</b><b style="font-family:'Times New 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Roman','Times','serif';font-size:8.5pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">On</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">November</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.1pt;"> 5</span><span style="font-family:'Times New Roman','Times','serif';">,</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">2021,</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">CTO Realty Growth, Inc., a Maryland 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Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">the origination of a new Term Loan, as defined in the Credit Agreement, in the amount of $100.0 million; </span></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">an accordion option that allows the Company to request additional revolving loan commitments and additional term loan commitments, </span><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;line-height:1.19;text-align:justify;">provided</i><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">, (i) the aggregate amount of revolving loan commitments shall not exceed $300,000,000 and (ii) the aggregate amount of term loan commitments shall not exceed $400,000,000; and</span></td><td style="width:6.65pt;"></td></tr></table><table style="border-collapse:collapse;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">the joinder of KeyBank, National Association, Raymond James Bank, and Synovus Bank as Term Loan Lenders as defined in the Credit Agreement.</span></td><td style="width:6.65pt;"></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.25pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in </span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-2.35pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">its entirety by reference to the complete text of the Seventh Amendment, to be filed with the Company&#8217;s</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Annual</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Report on</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Form</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">10-K</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">for</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">the</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">year</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">ended December</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">31,</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">2021.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.25pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:4pt 0pt 0pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:60.95pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;">Item 2.03.</b></span><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-2.35pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Arrangement of</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.1pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">a</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:0.05pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Registrant.</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.2pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">The</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">information</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">provided</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">in</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.2pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Item</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">1.01</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">of</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">this</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Current</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Report</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.25pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">on</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Form</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">8-K</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">is</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.2pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">incorporated</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">herein</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">by</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">reference.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.2pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:4pt 0pt 0pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:60.95pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;">Item 7.01.</b></span><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Regulation</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.2pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">FD</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.15pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Disclosure.</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.2pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">On November 8, 2021, the Company issued a press release regarding the entry into the Seventh Amendment. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">The furnishing of the press release is not intended to constitute a representation that such furnishing is required by Regulation FD or other securities laws, or that the press release includes material investor information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information in the future.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that Section. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">by</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">reference therein.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0.2pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:4pt 0pt 0pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:61pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:left;">Item 9.01.</b></span><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Financial</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.2pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Statements</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.25pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">and</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.25pt;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Exhibits.</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 0pt 7pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;line-height:1.28;margin-bottom:8pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:43pt;"><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;line-height:1.19;text-align:left;">(d)</i></span><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Exhibits</i></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0.34pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:9.5pt;font-style:italic;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><div style="padding-left:10.6pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;table-layout:auto;width:84%;"><tr style="height:1pt;"><td style="vertical-align:top;width:16.24%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:83.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr style="height:10.95pt;"><td style="vertical-align:top;width:16.24%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:9pt;line-height:9.95pt;text-align:right;margin:0pt 4.25pt 0pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Exhibit</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.1pt;text-decoration:underline;text-decoration-color:#000000;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">No.</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;"><span style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:14.49pt;">&#8203; &#8203;<span style="display:inline-block;height:0pt;width:100%;"></span></span></b></p></td><td style="vertical-align:top;width:83.75%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:9pt;line-height:9.95pt;margin:0pt 0pt 0pt 4.25pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;letter-spacing:-0.85pt;text-decoration:underline;text-decoration-color:#000000;"> </b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Description</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;"><span style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:346.41pt;">&#8203; &#8203;<span style="display:inline-block;height:0pt;width:100%;"></span></span></b></p></td></tr><tr style="height:10.95pt;"><td style="vertical-align:top;width:16.24%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:9.95pt;text-align:right;margin:0pt 4.25pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:9.95pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;margin-right:0pt;text-decoration:underline;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:83.75%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:9.95pt;margin:0pt 0pt 0pt 4.25pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:9.95pt;font-weight:bold;letter-spacing:-0.85pt;line-height:1.28;margin-bottom:8pt;margin-left:0pt;text-decoration:underline;visibility:hidden;">&#8203;</span></p></td></tr><tr style="height:12.75pt;"><td style="vertical-align:top;width:16.24%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:11.2pt;text-align:right;margin:0.55pt 5.6pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">99.1</span></p></td><td style="vertical-align:top;width:83.75%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:11.2pt;margin:0.55pt 0pt 0pt 5.7pt;"><a style="-sec-extract:exhibit;" href="cto-20211105xex99d1.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:11.2pt;text-align:left;">Press</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;letter-spacing:-0.2pt;line-height:11.2pt;text-align:left;"> </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:11.2pt;text-align:left;">release</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;letter-spacing:-0.1pt;line-height:11.2pt;text-align:left;"> </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:11.2pt;text-align:left;">issued</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;letter-spacing:-0.05pt;line-height:11.2pt;text-align:left;"> </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:11.2pt;text-align:left;">November</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;letter-spacing:-0.1pt;line-height:11.2pt;text-align:left;"> </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:11.2pt;text-align:left;">8,</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;letter-spacing:-0.05pt;line-height:11.2pt;text-align:left;"> </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;line-height:11.2pt;text-align:left;">2021</span></a></p></td></tr><tr style="height:11.75pt;"><td style="vertical-align:top;width:16.24%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:10.5pt;text-align:right;margin:0.25pt 5.6pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">104</span></p></td><td style="vertical-align:top;width:83.75%;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:10.5pt;margin:0.25pt 0pt 0pt 5.7pt;"><span style="font-family:'Times New Roman','Times','serif';">Cover</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Page</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Interactive</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.2pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Data</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">File</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">(embedded</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.05pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">within</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">the</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.2pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">Inline</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.15pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">XBRL</span><span style="font-family:'Times New Roman','Times','serif';letter-spacing:-0.1pt;"> </span><span style="font-family:'Times New Roman','Times','serif';">document)</span></p></td></tr></table></div><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:4pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:4pt 96.55pt 0pt 97.4pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt 96.55pt 0pt 97.4pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:center;margin:4pt 96.55pt 0pt 97.4pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SIGNATURES</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.2pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:8.5pt;font-weight:bold;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">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.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0.2pt 0pt 0pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">Date: November 8, 2021</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">CTO Realty Growth, Inc.</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">By: </span><span style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">/s/Matthew M. Partridge &#160;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">Matthew M. Partridge</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">Senior&#160;Vice&#160;President,&#160;Chief&#160;Financial&#160;Officer and Treasurer</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';">(Principal Financial Officer)</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt 0pt 8pt 0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;">&#160; </span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin-bottom:8pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><span style="visibility:hidden;">&#8203;</span></p></div></div>
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[{"type": "8-K", "sequence": "1", "filename": "cto-20211105x8k.htm", "description": "8-K", "secsgml_size_bytes": 69261}]
{"company-data": {"conformed-name": "CTO Realty Growth, Inc.", "cik": "0000023795", "assigned-sic": "6798", "irs-number": "590483700", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11350", "film-number": "211388734"}, "business-address": {"street1": "1140 NORTH WILLIAMSON BLVD., STE. 140", "city": "DAYTONA BEACH", "state": "FL", "zip": "32114", "phone": "386-274-2202"}, "mail-address": {"street1": "PO BOX 10809", "city": "DAYTONA BEACH", "state": "FL", "zip": "32120-0809"}, "former-company": [{"former-conformed-name": "CTO Realty Growth Inc.", "date-changed": "20200508"}, {"former-conformed-name": "CONSOLIDATED TOMOKA LAND CO", "date-changed": "19920703"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 5, 2021
CTO Realty Growth, Inc.
(Exact name of registrant as specified in its charter)
​
​
​
​
​
​
Maryland
(State or other jurisdiction of incorporation)
001-11350
(Commission File Number)
59-0483700
(IRS Employer Identification No.)
1140 N. Williamson Blvd.
,
Suite 140
Daytona Beach
,
Florida
(Address of principal executive offices)
32114
(Zip Code)
Registrant's telephone number, including area code:
(
386
)
274-2202
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
.01
Title of each class:
Trading Symbols
Name of each exchange on which registered:
Common Stock, $0.01 par value per share
CTO
NYSE
​
6.375% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share
​
​
CTO PrA
​
​
NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 1.01.
Entry
into
a
Material
Definitive
Agreement.
​
On
November
5
,
2021,
CTO Realty Growth, Inc., a Maryland corporation (the
"
Company"),
and
certain
subsidiaries of
the
Company
entered into a Seventh Amendment to the Second Amended and Restated Credit Agreement and Joinder (the "Seventh Amendment"), which further amends that certain Second Amended and Restated Credit Agreement dated as of September 7, 2017, by and among the Company, as borrower, certain subsidiaries of the Company that are parties thereto, as guarantors, and Bank of Montreal, as administrative agent, L/C Issuer and Swing Line Lender, and the other lenders party thereto (as amended, the "Credit Agreement").
​
The Credit Agreement, as amended by the Seventh Amendment, includes, among other things:
​
●
the origination of a new Term Loan, as defined in the Credit Agreement, in the amount of $100.0 million;
●
an accordion option that allows the Company to request additional revolving loan commitments and additional term loan commitments,
provided
, (i) the aggregate amount of revolving loan commitments shall not exceed $300,000,000 and (ii) the aggregate amount of term loan commitments shall not exceed $400,000,000; and
●
the joinder of KeyBank, National Association, Raymond James Bank, and Synovus Bank as Term Loan Lenders as defined in the Credit Agreement.
​
The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in
its entirety by reference to the complete text of the Seventh Amendment, to be filed with the Company's
Annual
Report on
Form
10-K
for
the
year
ended December
31,
2021.
​
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of
a
Registrant.
​
The
information
provided
in
Item
1.01
of
this
Current
Report
on
Form
8-K
is
incorporated
herein
by
reference.
​
Item 7.01.
Regulation
FD
Disclosure.
​
On November 8, 2021, the Company issued a press release regarding the entry into the Seventh Amendment. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
​
The furnishing of the press release is not intended to constitute a representation that such furnishing is required by Regulation FD or other securities laws, or that the press release includes material investor information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information in the future.
​
The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated
by
reference therein.
​
Item 9.01.
Financial
Statements
and
Exhibits.
​
(d)
Exhibits
​
Exhibit
No.
​ ​
Description
​ ​
​
​
99.1
Press
release
issued
November
8,
2021
104
Cover
Page
Interactive
Data
File
(embedded
within
the
Inline
XBRL
document)
​
​
​
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.
​
Date: November 8, 2021
​
CTO Realty Growth, Inc.
​
By:
/s/Matthew M. Partridge
Matthew M. Partridge
Senior Vice President, Chief Financial Officer and Treasurer
(Principal Financial Officer)
​
​
​
​