debt
confidence high
sentiment neutral
materiality 0.50
CMCT extends maturity of $15M credit facility to May 31, 2025
Creative Media & Community Trust Corp
- Fifth Modification Agreement extends maturity from March 31 to May 31, 2025.
- Remaining principal balance outstanding: $15 million as of March 25, 2025.
- Extension fee of $50,000 paid; no further extension options remain.
- Facility is non-revolving; JPMorgan Chase Bank is sole remaining lender.
- Guarantors reaffirm obligations under Guaranty and Environmental Indemnity.