{"schema_version":"secwatch.filing_event.v1","accession":"0000908311-24-000057","form_type":"8-K","ticker":"CMCT","cik":"0000908311","company_name":"Creative Media & Community Trust Corp","filed_at":"2024-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.342385+00:00","generated_at":"2026-05-30T09:32:22.358853+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CMCT obtains lender waiver for Sep 2024 covenant default; credit line cut to $169M; cash flow sweep imposed","bullets":["Lenders waived an event of default for non-compliance with a financial covenant for the test period ending Sep 30, 2024.","Aggregate commitments under the 2022 credit facility reduced from $206.2M to $169.3M.","Starting April 1, 2025, excess cash flow from borrowing base properties must be deposited into a lender-controlled account.","Modification agreement also amends borrowing base formula and permits release of Sacramento Sheraton Grand Hotel for refinancing.","Waiver does not cover future periods; Dec 31, 2024 compliance not waived."],"urls":{"canonical":"https://secwatch.observer/filing/0000908311-24-000057","json":"https://secwatch.observer/filing/0000908311-24-000057.json","markdown":"https://secwatch.observer/filing/0000908311-24-000057.md","text":"https://secwatch.observer/filing/0000908311-24-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908311/000090831124000057/0000908311-24-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908311/000090831124000057/cmct-20241024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T09:32:22.358853+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}