{"schema_version":"secwatch.filing_event.v1","accession":"0001498547-23-000088","form_type":"8-K","ticker":"CMRF","cik":"0001498547","company_name":"CIM REAL ESTATE FINANCE TRUST, INC.","filed_at":"2023-12-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.265589+00:00","generated_at":"2026-06-07T06:19:36.984515+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CMFT and CLR amend repurchase agreement with Deutsche Bank, add joint guaranty and financial covenants","bullets":["Guarantors (CMFT and CLR) now jointly and severally guarantee up to 25% of aggregate repurchase price of purchased loans.","Financial covenants include minimum liquidity of $50M, tangible net worth ≥$1B (plus 75% of equity issued), EBITDA/interest ≥1.40x, leverage ≤4.00x.","A Guarantor Replacement Event allows CLR to become sole guarantor once conditions are met.","The Second Amendment also updates definitions (Change of Control, Manager) and extends the existing repurchase facility terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001498547-23-000088","json":"https://secwatch.observer/filing/0001498547-23-000088.json","markdown":"https://secwatch.observer/filing/0001498547-23-000088.md","text":"https://secwatch.observer/filing/0001498547-23-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000088/0001498547-23-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000088/cmft-20231222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:19:36.984515+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":"3cf5b160410d83be112ac68895031877fcead233","claim":"CIM REAL ESTATE FINANCE TRUST, INC. entered into Second Amendment to Amended and Restated Master Repurchase Agreement and Amended and Restated Guaranty with Deutsche Bank AG, New York Branch valued at Amendment to repurchase agreement to include provisions for new guaranty, with joint and several gua (effective 2023-12-22).","evidence_excerpt":"The Second Amendment amended the Repurchase Agreement to, among other things, include provisions and terms in connection with the Guarantors’ (as defined below) entry into the Restated Guaranty (as defined below).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000088/0001498547-23-000088-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Deutsche Bank AG, New York Branch"},{"label":"Value","value":"Amendment to repurchase agreement to include provisions for new guaranty, with joint and several gua"},{"label":"Effective","value":"2023-12-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}