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 credit facility of up to $691.1 million of financing with Barclays Bank PLC at per annum rates based on the Term Secured Overnight Financing Rate (“SOFR”), plu maturing December 4, 2026.
- Instrument
- credit facility
- Principal
- up to $691.1 million of financing
- Counterparty
- Barclays Bank PLC
- Rate
- per annum rates based on the Term Secured Overnight Financing Rate (“SOFR”), plu
- Maturity
- December 4, 2026
- Event
- incurrence
Exact text from the filing
(the “Company”), entered into an Amended and Restated Master Repurchase Agreement (the “Restated MRA”) with Barclays Bank PLC (“Barclays”), to amend and restate that certain Master Repurchase Agreement, dated September 21, 2020, by and between Barclays and the CMFT Seller, and acknowledged by the Company (the “Repurchase Agreement”), which provides financing for certain eligible assets of the CMFT Seller and advances to the CMFT Seller (the “Repurchase Facility”), as described in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on September 24, 2020, as such Repurchase Agreement was amended on July 27, 2021, February 23, 2022, and October 7, 2022, as discussed in a Current Report on Form 8-K filed by the Company with the SEC on August 2, 2021, March 1, 2022, and October 13, 2022, respectively.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CIM REAL ESTATE FINANCE TRUST, INC. amended credit facility of reduce the maximum financing amount from $1.25 billion to $558.9 million with Barclays Bank PLC.
- Instrument
- credit facility
- Principal
- reduce the maximum financing amount from $1.25 billion to $558.9 million
- Counterparty
- Barclays Bank PLC
- Event
- amendment
Exact text from the filing
(the “Company”), entered into an Amended and Restated Master Repurchase Agreement (the “Restated MRA”) with Barclays Bank PLC (“Barclays”), to amend and restate that certain Master Repurchase Agreement, dated September 21, 2020, by and between Barclays and the CMFT Seller, and acknowledged by the Company (the “Repurchase Agreement”), which provides financing for certain eligible assets of the CMFT Seller and advances to the CMFT Seller (the “Repurchase Facility”), as described in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on September 24, 2020, as such Repurchase Agreement was amended on July 27, 2021, February 23, 2022, and October 7, 2022, as discussed in a Current Report on Form 8-K filed by the Company with the SEC on August 2, 2021, March 1, 2022, and October 13, 2022, respectively.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CIM REAL ESTATE FINANCE TRUST, INC. entered into Master Repurchase Agreement with Barclays Bank PLC valued at Up to $691.1 million financing for commercial real estate mortgage loans (effective 2023-12-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- Up to $691.1 million financing for commercial real estate mortgage loans
- Effective
- 2023-12-04
Exact text from the filing
In addition, on December 4, 2023 (the "Closing Date"), CLR RE Lending RF Sub BB, LLC (the "CLR Seller"), an indirect wholly owned subsidiary of the Company, entered into a Master Repurchase Agreement (the "CLR Repurchase Agreement") with Barclays (the "Buyer"), which provides the CLR Seller up to $691.1 million of financing
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CIM REAL ESTATE FINANCE TRUST, INC. entered into Amended and Restated Master Repurchase Agreement with Barclays Bank PLC valued at Reduction of maximum financing amount from $1.25 billion to $558.9 million; CLR Repurchase Agreement (effective 2023-12-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- Reduction of maximum financing amount from $1.25 billion to $558.9 million; CLR Repurchase Agreement
- Effective
- 2023-12-04
Exact text from the filing
On December 4, 2023, CMFT RE Lending RF Sub BB, LLC (the "CMFT Seller"), an indirect wholly owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into an Amended and Restated Master Repurchase Agreement (the "Restated MRA") with Barclays Bank PLC ("Barclays"), to amend and restate that certain Master Repurchase Agreement, dated September 21, 2020
View on SEC.gov