Claros Mortgage Trust Enters Material Definitive Agreement

TL;DR

CMTG just signed a big deal, creating new financial obligations. Keep an eye on this.

AI Summary

On June 20, 2024, Claros Mortgage Trust, Inc. entered into a material definitive agreement. This agreement involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Claros Mortgage Trust, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce new risks and complexities for a company.

Key Players & Entities

• Claros Mortgage Trust, Inc. (company) — Registrant
• June 20, 2024 (date) — Date of earliest event reported
• Mack Real Estate Group (company) — Associated entity
• 60 Columbus Circle, 20th Floor (location) — Business Address
• New York, NY (location) — Business Address City and State

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share CMTG New York S

Filing Documents

• cmtg-20240620.htm (8-K) — 41KB
• cmtg-ex10_1.htm (EX-10.1) — 68KB
• 0000950170-24-076720.txt ( ) — 234KB
• cmtg-20240620.xsd (EX-101.SCH) — 25KB
• cmtg-20240620_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On June 20, 2024, CMTG JP Finance LLC, a subsidiary of Claros Mortgage Trust, Inc. (the "Company"), entered into Amendment No. 5 to the Amended and Restated Master Repurchase Agreement (the "JPMorgan Chase Bank Facility") and Amendment No. 3 to the Guarantee Agreement ("Guarantee") with JPMorgan Chase Bank, National Association and the Company. The purpose of the amendment to the JPMorgan Chase Bank Facility and the Guarantee was, among other things, to increase the maximum facility amount. The foregoing description of the amendments to the JPMorgan Chase Bank Facility and Guarantee is only a summary of certain material provisions and is qualified in its entirety by reference to a copy of such amendments, which is filed herewith as Exhibit 10.1 and by this reference incorporated herein. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant. The information required by Item 2.03 contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. 10.1* Amendment No. 5 to Amended and Restated Master Repurchase Agreement and Amendment No. 3 to Guarantee Agreement dated as of June 20, 2024 by and among the Company, CMTG JP Finance LLC and JPMorgan Chase Bank, National Association 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLAROS MORTGAGE TRUST, INC. Date: June 24, 2024 By: /s/ J. Michael McGillis J. Michael McGillis Chief Financial Officer, President and Director (Principal Financial and Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR