Company: CMCT
Filing Date: 2025-04-02
Form Type: 8-K
Source: 0001628280-25-016239
Chunk: 0

Company: Creative Media & Community Trust Corp
Filing Date: 2025-04-02
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01

Other Events.

As previously disclosed, in December 2022, certain wholly-owned subsidiaries of Creative Media & Community Trust Corporation (the “ Company”), consisting of 9460 Wilshire Blvd (BH) Owner, L. P., CIM/11600 Wilshire(Los Angeles), LP, CIM/11620Wilshire(Los Angeles), LP, 1130 Howard (SF) Owner, L. P., CIM Urban REIT Properties IX, L. P., CIM/J Street Hotel Sacramento, L. P., CIM/J Street Garage Sacramento, L. P., and Two Kaiser Plaza (Oakland) Owner, LLC (each, a “ Borrower” and, together, the “ Borrowers”), entered into an Amended and Restated Credit Agreement with JPMorgan Chase Bank, N. A., as administrative agent, and the other lenders from time to time party thereto (the “ Credit Agreement”).

On March 27, 2025, the Company entered into a Fifth Modification Agreement with JPMorgan Chase Bank, N. A., as administrative agent and lender (the “ Fifth Modification Agreement”), effective as of March 25, 2025, pursuant to which the credit facility’s maturity date was extended from March 31, 2025 to May 31, 2025. As of March 25, 2025, the remaining aggregate principal balance outstanding under the 2022 credit facility was $15,000,000.

The foregoing description of the Fifth Modification Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Fifth Modification Agreement, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.