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:   2023-02-16T23:59:59+00:00
Accession:  0001498547-23-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIM Real Estate Finance subsidiary secures $300M secured revolving loan facility (expandable to $500M)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854723000003/0001498547-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854723000003/cmft-20230210.htm
  HTML page:      https://secwatch.observer/filing/0001498547-23-000003

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