secwatch / observer
8-K filed February 16, 2023, 6:59 PM ET ticker CMRF CIK 0001498547
debt confidence high sentiment neutral materiality 0.50

CIM REAL ESTATE FINANCE TRUST, INC. (CMRF): debt financing — CIM Real Estate Finance subsidiary secures $300M secured revolving loan facility (expandable to $500M)

CIM REAL ESTATE FINANCE TRUST, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CIM REAL ESTATE FINANCE TRUST, INC. incurred revolving credit of up to $300.0 million with Ally Bank at SOFR plus 2.875% per annum maturing February 10, 2028.

Instrument
revolving credit
Principal
up to $300.0 million
Counterparty
Ally Bank
Rate
SOFR plus 2.875% per annum
Maturity
February 10, 2028
Event
incurrence
Exact text from the filing
On February 10, 2023 (the “Closing Date”), CMFT CL Lending Sub AB, LLC (the “Borrower”), an indirect wholly owned subsidiary of CIM Real Estate Finance Trust, Inc. (the “Company”), entered into a revolving loan and security agreement (the “Loan and Security Agreement”) with each of the lenders from time to time party hereto (the “Lenders”), Ally Bank (the “Bank”), as administrative agent and arranger (the “Administrative Agent”), U.S. Bank Trust Company, National Association, as the collateral custodian (the “Collateral Custodian”), and U.S. Bank National Association as the document custodian (the “Document Custodian”), which provides for borrowings in an aggregate principal amount up to $300.0 million (the “Loan Facility”), which may be increased during the revolving period (as defined below) to an aggregate principal amount up to $500.0 million as agreed to by the Borrower, any applicable Lender and the Administrative Agent.
View on SEC.gov

114 debt financings filed in the last 30 days. Browse all debt financings →

CIM REAL ESTATE FINANCE TRUST, INC. filing history →

Source: SEC EDGAR
accession 0001498547-23-000003
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.