debt
confidence high
sentiment positive
materiality 0.75
CIM Real Estate Finance Trust increases repurchase facility with Barclays to $1.25B from $750M
CIM REAL ESTATE FINANCE TRUST, INC.
- Maximum financing amount raised from $750M to $1.25B under amended Master Repurchase Agreement with Barclays.
- Interest rate provisions modified to allow advances based on one-month Term SOFR or SOFR Average plus spread.
- Facility entered into by subsidiary CMFT RE Lending RF Sub BB, LLC; other material terms unchanged.
- Amendment dated February 23, 2022; fee letter also amended to reflect increase.