debt
confidence high
sentiment neutral
materiality 0.60
CIM Real Estate Finance Trust secures up to $400M repurchase facility from Citi, extended to August 2024
CIM REAL ESTATE FINANCE TRUST, INC.
- First Amendment to Master Repurchase Agreement with Citibank provides up to $400M in financing.
- Maturity date extended to August 17, 2024.
- Amendment updates benchmark rate definitions from LIBOR to SOFR-based rates.
- Subsidiary CMFT RE Lender RF Sub CB, LLC is seller; CIM Real Estate Finance Trust is guarantor.
- Effective date August 17, 2021.