CIM Real Estate Finance Trust amends repurchase facility to $70.5M and enters new $650M facility with Citibank

on December 19, 2023 (the “Closing Date”), CLR RE Lending RF Sub CB, LLC (the “CLR Seller”), an indirect wholly-owned subsidiary of the Company, entered into a Master Repurchase Agreement (the “CLR Repurchase Agreement”) with Citi (the “Buyer”), with a maximum facility amount of $650.0 million minus the CMFT Maximum Facility Amount (the “CLR Maximum Facility Amount”), in connection with the Buyer’s purchase of certain eligible assets from the CLR Seller and future funding advances to the CLR Seller.

On December 19, 2023, CMFT RE Lending RF Sub CB, 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 Citibank, N.A. (“Citi”), to amend and restate that certain Master Repurchase Agreement, dated June 4, 2020, by and between Citi and the CMFT Seller (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 June 9, 2020, as such Repurchase Agreement was amended on August 17, 2021 and January 27, 2022, as discussed in Current Reports on Form 8-K filed by the Company with the SEC on August 23, 2021 and February 1, 2022, respectively.

In connection with the CLR Repurchase Agreement, the Company (the “Initial Guarantor”) and CLR (the “Replacement Guarantor”) (and together, the “Guarantors”) entered into a guaranty with the Buyer (the “Guaranty”) on a joint and several basis until the satisfaction of certain terms and conditions as set forth in the Guaranty, at which point the Replacement Guarantor will become the sole guarantor under the Guaranty (the “Guarantor Replacement Event”).