ACRES Commercial Realty Corp. extends repurchase agreements with JPMorgan and Barclays

ACRES Commercial Realty Corp.

JPMorgan amendment: Maturity extended from Oct 26, 2021 to Oct 26, 2024; Tangible Net Worth Requirement increased to $350 million
Barclays amendment: Revolving period extended to Oct 29, 2022; associated guaranty amended to apply financial covenants only when transactions outstanding
Amendments entered by subsidiaries RCC Real Estate SPE 8 (JPMorgan) and SPE 7 (Barclays) on Oct 26 and Oct 29, 2021 respectively

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