{"schema_version":"secwatch.filing_event.v1","accession":"0001498547-23-000003","form_type":"8-K","ticker":"CMRF","cik":"0001498547","company_name":"CIM REAL ESTATE FINANCE TRUST, INC.","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.266669+00:00","generated_at":"2026-06-19T09:14:42.113622+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"CIM Real Estate Finance subsidiary secures $300M secured revolving loan facility (expandable to $500M)","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001498547-23-000003","json":"https://secwatch.observer/filing/0001498547-23-000003.json","markdown":"https://secwatch.observer/filing/0001498547-23-000003.md","text":"https://secwatch.observer/filing/0001498547-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000003/0001498547-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000003/cmft-20230210.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T09:14:42.113622+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8aa9e3de2145c8233f6ee333734b18905f90f49f","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000003/0001498547-23-000003-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $300.0 million"},{"label":"Counterparty","value":"Ally Bank"},{"label":"Rate","value":"SOFR plus 2.875% per annum"},{"label":"Maturity","value":"February 10, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}