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:   2021-11-03T23:59:59+00:00
Accession:  0001498547-21-000114
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIM Real Estate Finance Trust increases Wells Fargo repurchase facility from $250M to $580M
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- Maximum financing amount raised from $250M to $580M under amended master repurchase agreement with Wells Fargo.
- Amendment dated October 28, 2021; includes new Preferred Equity Related Pledge and Security Agreement.
- Guarantor and pledgors reaffirm obligations; no novation, existing security interests preserved.
- Company represents no event of default exists; all customary representations and warranties reaffirmed.
- Amendment also adds benchmark rate transition provisions (LIBOR replacement) to the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000114/0001498547-21-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000114/cmft-20211028.htm
  HTML page:      https://secwatch.observer/filing/0001498547-21-000114

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