{"schema_version":"secwatch.filing_event.v1","accession":"0000908311-22-000114","form_type":"8-K","ticker":"CMCT","cik":"0000908311","company_name":"Creative Media & Community Trust Corp","filed_at":"2022-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.963228+00:00","generated_at":"2026-06-21T02:17:01.374461+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CMCT subsidiaries enter $150M revolver and $56.23M term loan; matures Dec 2025","bullets":["Facility consists of $150M secured revolver and $56.23M secured term loan; term loan proceeds repaid existing revolver borrowings.","Maturity December 16, 2025; two one-year extension options available to borrowers.","Interest rates: Term SOFR + 2.5% per annum or Alternate Base Rate + 1.5% per annum.","Financial covenants include max leverage ratio of 60%, minimum net worth, and fixed charge coverage ratio of 1.05x.","Borrowing base is formulaic based on property values; no amount drawn on revolver at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0000908311-22-000114","json":"https://secwatch.observer/filing/0000908311-22-000114.json","markdown":"https://secwatch.observer/filing/0000908311-22-000114.md","text":"https://secwatch.observer/filing/0000908311-22-000114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908311/000090831122000114/0000908311-22-000114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908311/000090831122000114/cmct-20221216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T02:17:01.374461+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54958d0b0ae723b723deb6b8ffa7f103b4645bf8","claim":"Creative Media & Community Trust Corp entered into Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $150,000,000 secured revolving credit facility and $56,230,000 secured term loan facility (effective 2022-12-16).","evidence_excerpt":"On December 16, 2022, certain wholly-owned subsidiaries of Creative Media & Community Trust Corporation (the “ Company ”), consisting of 9460 Wilshire Blvd (BH) Owner, L.P., CIM/11600 Wilshire (Los Angeles), LP, CIM/11620 Wilshire (Los Angeles), LP, 1130 Howard (SF) Owner, L.P., CIM Urban REIT Properties IX, L.P., CIM/J Street Hotel Sacramento, L.P., CIM/J Street Garage Sacramento, L.P., and Two Kaiser Plaza (Oakland) Owner, LLC (each a “ Borrower ” and, together, the “ Borrowers ”), entered into an Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders from time to time party thereto (the “ Credit Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/908311/000090831122000114/0000908311-22-000114-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$150,000,000 secured revolving credit facility and $56,230,000 secured term loan facility"},{"label":"Effective","value":"2022-12-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}