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:   2021-12-16T23:59:59+00:00
Accession:  0001498547-21-000149
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIM Real Estate Finance Trust completes $6.1B merger with CIM Income NAV; targets public listing in 2022
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- Stock-for-stock merger closed Dec 16, 2021; INAV shareholders received 2.508–2.622 CMFT shares per share, an ~10.6% premium.
- Combined company has ~$6.1B enterprise value and >$3.1B equity value; CMFT targeting a public market listing in 2022 subject to conditions.
- Subsidiary assumed INAV's $352.5M credit facility (up to $425M) at 2.93% weighted avg rate; maturity extended to Mar 6, 2022.
- Roger D. Snell, former INAV independent director, appointed to CMFT board effective at merger close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000149/0001498547-21-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000149/cmft-20211216.htm
  HTML page:      https://secwatch.observer/filing/0001498547-21-000149

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