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:   2021-10-14T23:59:59+00:00
Accession:  0001498547-21-000108
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIM Real Estate Finance Trust enters $300M repurchase agreement with Deutsche Bank
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- Up to $300M master repurchase facility with Deutsche Bank AG, New York Branch.
- Proceeds to finance commercial real estate mortgage loans originated or acquired.
- Initial maturity Oct 8, 2022, with four one-year extension options at Seller's option.
- Guaranty requires minimum liquidity of $50M, tangible net worth ≥$1B +75% of new equity, interest coverage ≥1.40x, leverage ≤4.00x.
- Pricing based on one-month LIBOR plus spread designated by Buyer in its sole discretion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000108/0001498547-21-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000108/cmft-20211008.htm
  HTML page:      https://secwatch.observer/filing/0001498547-21-000108

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