---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-032775"
form_type: "8-K"
ticker: "CMTG"
cik: "0001666291"
company_name: "Claros Mortgage Trust, Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:37:36.221194+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CMTG closes $500M secured term loan with HPS; repays $556M Term Loan B due Aug 2026

## Summary
- $500M term loan at SOFR+6.75%, matures Jan 2030; from HPS-managed funds.
- Proceeds plus cash used to fully repay $556.2M Term Loan B due August 9, 2026.
- Issued 10-year warrants for 7,542,227 shares at $4.00/share (46% premium to Jan 30 close).
- Aligned covenants across facilities: interest coverage ratio waived through June 2027, then phased step-ups to 1.30x.
- HPS gets board observer rights; on default, observers become directors and restructuring committee may recommend termination of external manager.

## SEC filing metadata
- accession: 0001193125-26-032775
- form_type: 8-K
- ticker: CMTG
- cik: 0001666291
- company_name: Claros Mortgage Trust, Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.03, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/0001193125-26-032775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/cmtg-20260130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-032775
- JSON: https://secwatch.observer/filing/0001193125-26-032775.json
- Plain text: https://secwatch.observer/filing/0001193125-26-032775.txt

## Source-grounded claims
- claim_id: 08b53668845d47209bed317be3b3c36b24fdddfe
  claim: Claros Mortgage Trust, Inc. incurred term loan of $500.0 million with HPS Investment Partners, LLC at Term SOFR Rate plus 6.75% maturing January 30, 2030.
  evidence_excerpt: The Credit Agreement provides for a term loan credit facility consisting of an initial term loan (the “Term Loan”) in an aggregate principal amount of $500.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/0001193125-26-032775-index.htm
- claim_id: c6ed0df312c02eee03d400e1d34d1e1305efe3af
  claim: Claros Mortgage Trust, Inc.: Amended and restated bylaws to add governance provisions tied to the Credit Agreement, including automatic board expansion and election of board observers as directors upon a Material Event of Default, formation of a Restructuring Committee, and consent rights for the administrative agent (effective 2026-01-30).
  evidence_excerpt: On January 30, 2026, the Board approved and adopted the Company's Amended and Restated By-laws (the “Amended and Restated By-laws”), effective as of the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/0001193125-26-032775-index.htm
- claim_id: 2c591e4ef0320b659f05bce2fa5a4c6ac8b7441a
  claim: Claros Mortgage Trust, Inc. entered into Credit Agreement with lenders party thereto and HPS Investment Partners, LLC valued at $500.0 million (effective 2026-01-30).
  evidence_excerpt: On January 30, 2026 (the “Closing Date”), Claros Mortgage Trust, Inc., a Maryland corporation (“CMTG” or the “Company”), entered into a Term Loan Credit Agreement (the “Credit Agreement”), as borrower, with the lenders party thereto and HPS Investment Partners, LLC (“HPS”), acting not individually but in its capacities as administrative agent for the lenders and collateral agent for the secured parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/0001193125-26-032775-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.