CIM Real Estate Finance Trust Inc.
02/12/2026 | Press release | Distributed by Public on 02/12/2026 13:27
Material Agreement, Financial Obligation (Form 8-K)
| Item 1.01 | Entry into a Material Definitive Agreement. |
On February 6, 2026 (the "Closing Date"), CMFT CL Lending Sub AB, LLC (the "Borrower"), an indirect wholly owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into that certain Second Amendment to the Loan and Security Agreement (the "Second Amendment") with each of the lenders from time to time party thereto (the "Lenders"), Ally Bank (the "Bank"), as administrative agent and arranger (the "Administrative Agent"), and U.S. Bank Trust Company, National Association, as the collateral custodian (the "Collateral Custodian"), which amended the revolving loan and security agreement by and between the Borrower, Administrative Agent, Collateral Custodian, U.S. Bank National Association, as the document custodian, and Lenders, dated as of February 10, 2023 (the "Loan and Security Agreement"), as described in the Company's Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the "SEC") on February 16, 2023, as amended on December 13, 2023. The Second Amendment, among other things, extends the scheduled revolving period end date from February 10, 2026 to February 6, 2029 and extends the termination date to be the earlier of (i) the date that is two years after the revolving period end date or (ii) the date of the declaration of the termination date or the date of the automatic occurrence of the termination date upon the occurrence and continuation of an event of default. Additionally, the Second Amendment amends the interest rate under the Loan and Security Agreement from the Secured Overnight Financing Rate ("SOFR") for the relevant interest period plus an applicable rate of 2.875% (and an additional 2.00% per annum following an event of default) to an interest rate of SOFR plus an applicable rate of 2.10% per annum (and an additional 2.00% per annum following an event of default).
In connection with the Second Amendment, the Borrower entered into an amended and restated collateral management agreement, by and between the Borrower and the Company, as collateral manager, which amended the collateral management agreement that was entered into in connection with the Loan and Security Agreement to, among other things, eliminate U.S. Bank National Association as the document custodian.
The Borrower also entered into an amended and restated fee letter by and between the Borrower and the Bank, which was amended and restated to, among other things, set forth the arrangement relating to compensation for certain services rendered by the Administrative Agent in relation to the Loan and Security Agreement.
The foregoing description of the the Second Amendment does not purport to be a complete description and is qualified in its entirety by the full text of the Second Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. | ||||
The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03 in its entirety.
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