debt
confidence high
sentiment negative
materiality 0.60
CMCT extends $15M credit facility maturity to March 31, 2025 via fourth modification
Creative Media & Community Trust Corp
- Fourth Modification Agreement with JPMorgan extends maturity from Jan 31, 2025 to March 31, 2025.
- Remaining aggregate principal balance under the facility was $15,000,000 as of the modification date.
- Extension fee of $50,000 paid to lenders; no further extension options remain.
- Borrowers and guarantors (including CMCT) reaffirmed all obligations under loan documents.
- Credit facility is non-revolving; total outstandings were $15,000,000.15 as of effective date.