secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-268234
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Claros Mortgage Trust amends credit agreement with $150M prepayment and covenant waivers
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- Required $150 million prepayment of outstanding Term Loans as part of Amendment No. 6.
- Minimum Tangible Net Worth covenant reduced to $1.4B through March 31, 2026.
- Minimum Interest Coverage Ratio covenant waived for quarters ending Sep 2025, Dec 2025, Mar 2026.
- Modification of certain covenants including prepayment obligations from disposition net proceeds.
- Company's rights to create or transfer assets to unrestricted subsidiaries limited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000119312525268234/0001193125-25-268234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000119312525268234/cmtg-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-268234

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