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.
- Borrowing capacity up to $300M (expandable to $500M) under loan and security agreement with Ally Bank as administrative agent.
- Revolving period through Feb 2026, termination Feb 2028; interest at SOFR + 2.875% (or Base Rate + 1.875%).
- Facility secured by subsidiary's corporate senior loans and liquid senior loans; proceeds used for loan purchases and general business.
- Borrower is wholly owned subsidiary CMFT CL Lending Sub AB, LLC.
- Contains customary covenants, events of default, and conditions for similar secured credit facilities.