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:   2022-03-10T23:59:59+00:00
Accession:  0001498547-22-000021
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMFT expands Wells Fargo repurchase facility to $750M from $580M
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- Maximum financing amount increased from $580M to $750M (a $170M increase).
- Second Amendment to Master Repurchase Agreement dated March 4, 2022; other material terms unchanged.
- Amendment prohibits new LIBOR-based transactions after Dec 31, 2021; transition to alternative rates.
- Facility provides financing for eligible assets and advances; secured by mortgage loans.
- Guarantor CIM Real Estate Finance Trust and pledgors reaffirm obligations under the amended agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854722000021/0001498547-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854722000021/cmft-20220304.htm
  HTML page:      https://secwatch.observer/filing/0001498547-22-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer