secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-032775
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.03, 1.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/0001193125-26-032775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000119312526032775/cmtg-20260130.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-032775

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer