CIM Real Estate Finance Trust enters $300M credit facility, terminates prior $425M facility

CIM REAL ESTATE FINANCE TRUST, INC.

New $300M facility includes $100M term loan and $200M revolver with $30M L/C subfacility, maturing July 15, 2025.
Proceeds used to pay down $212.5M outstanding under prior $425M facility, which was terminated early before Sept 6, 2022 maturity.
Interest rates tied to adjusted leverage ratio; term benchmark rate ranges from 1.50% to 2.375% plus SOFR-based rate.
Company and certain subsidiaries guarantee obligations; equity interests in property-owning subsidiaries pledged as collateral.
Facility replaces existing credit agreement with JPMorgan Chase and other lenders, extending maturity by nearly three years.

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