Company: CMCT
Filing Date: 2025-02-12
Form Type: 8-K
Source: 0000908311-25-000011
Chunk: 0

Company: Creative Media & Community Trust Corp
Filing Date: 2025-02-12
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/11620 Wilshire (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 January 31, 2025, the Company entered into a Fourth Modification Agreement with JPMorgan Chase Bank, N. A., as administrative agent and lender (the “ Fourth Modification Agreement”) pursuant to which the credit facility’s maturity date was extended from January 31, 2025 to March 31, 2025. As of the date of the Fourth Modification Agreement, the remaining aggregate principal balance outstanding under the 2022 credit facility was $15,000,000.

The foregoing description of the Fourth Modification Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Fourth 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.