Claros Mortgage Trust increases JPMorgan repurchase facility to $2.31B; EBITDA/interest covenant eased

Claros Mortgage Trust, Inc.

Main Pool Maximum Facility Amount increased to $2,310,000,000.
Additional Advance Maximum Amount remains $250M; termination date extended to August 10, 2025.
EBITDA/Interest Expense ratio covenant temporarily lowered to 1.10x from 1.30x through Q3 2025.
At least $48.3M from new asset purchases to reduce existing Additional Advance Amount.

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