secwatch.observer — SEC 8-K summary
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Issuer:     CIM REAL ESTATE FINANCE TRUST, INC. (CMRF)
CIK:        0001498547
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001498547-21-000040
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIM Real Estate Finance Trust Issues $774M Net-Lease Mortgage Notes, Repays $500M Credit Facility
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- Issued $774M in Net-Lease Mortgage Notes Series 2021-1 across six tranches (A-1 to A-6) rated AAA to A by S&P.
- Proceeds used to repay and terminate $500M JPMorgan unsecured credit agreement with $1.24B capacity.
- Collateral pool includes 170 net-leased properties; top sectors: health stores (21%), building materials (14%), gas stations (12%).
- Notes backed by a guarantee from operating partnership for fraud, environmental breaches, and certain bankruptcy events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000040/0001498547-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000040/cmft-20210728.htm
  HTML page:      https://secwatch.observer/filing/0001498547-21-000040

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