Item 1.01 Entry into a Material Definitive Agreement.
OnAugust 31, 2022 ,CMFT RE Lending RF Sub WF, LLC , ("Lender Sub") an indirect wholly owned subsidiary ofCIM Real Estate Finance Trust, Inc. (the "Company"), entered into Amendment No. 3 to the Master Repurchase Agreement (the "Third Amendment") withWells Fargo Bank, N.A. ("Wells Fargo") andCMFT Securities Investments, LLC , a wholly owned subsidiary of the Company, as preferred equity pledgor, which amended that certain Master Repurchase Agreement by and between Lender Sub and Wells Fargo datedMay 20, 2021 (the "Repurchase Agreement"), for the purposes of providing financing for certain eligible assets of the Lender Sub and advances to the Lender Sub (the "Repurchase Facility"), as described in a Current Report on Form 8-K filed by the Company with theSecurities and Exchange Commission ("SEC") onMay 26, 2022 , and as amended onOctober 28, 2021 andMarch 4, 2022 as discussed in a Current Report on Form 8-K filed by the Company with theSEC onNovember 3, 2021 andMarch 10, 2022 , respectively. The Third Amendment, among other things, extends the initial facility termination date toAugust 30, 2025 . Other than the modified terms described above, the material terms of the Repurchase Agreement and the Repurchase Facility, as previously amended, remain unchanged.
The Third Amendment contains representations, warranties, covenants and conditions precedent that are customary for agreements of these types. The foregoing summary of the Third Amendment does not purport to be a complete description and is qualified in its entirety by the full text of the Third 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.
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Third Amendment To Master Repurchase And Securities Contract And Termination Of Preferred Equity Related Pledge And
Security Agreement, dated
August 31, 2022 , by and among CMFT RE Lending RF
Wells Fargo Bank, N.A. , as buyer, and CMFT
preferred equity pledgor. 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
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