CIM Real Estate Finance Trust Amends Repurchase Facility, Reduces to $512M, Adds $250M New Facility

CIM REAL ESTATE FINANCE TRUST, INC.

Fourth Amendment to existing repurchase agreement with Wells Fargo extends termination date to August 30, 2026 and reduces maximum financing from $750M to approximately $512M.
New Master Repurchase Agreement between CLR RE Lending Sub WF, LLC (subsidiary of CIM Commercial Lending REIT) and Wells Fargo provides up to $250M financing for commercial real estate loans.
CIM Real Estate Finance Trust and CIM Commercial Lending REIT guarantee obligations under the new facility, with financial covenants including minimum liquidity of $50M and tangible net worth of $1B+.
Fourth Amendment updates benchmark provisions to Term SOFR, removes LIBOR definitions, and includes conforming changes for rate administration.

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