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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 7.01 | Regulation FD Disclosure. |
On June 29, 2022, a special purpose, wholly owned subsidiary (the “Borrower”) of Claros Mortgage Trust, Inc., entered into a credit agreement (the “Credit Agreement”), as borrower, with Bank of America, N.A., as administrative agent, BofA Securities, Inc. as sole book runner and sole lead arranger, and the lenders from time to time party thereto. The Credit Agreement provides for a secured revolving credit facility with aggregate secured borrowing capacity of up to $150.0 million. The Borrower may request additional commitments from lenders under the credit facility to increase the aggregate commitments to up to $500.0 million. The Credit Agreement has an initial maturity of June 29, 2025. All borrowings under the facility will be secured by certain commercial real estate loan assets and have a maximum duration of six months.
The information in this Item 7.01 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information included in this Current Report on Form 8-K under this Item 7.01 will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
SIGNATURE
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: July 6, 2022 | By: | /s/ J. Michael McGillis | ||||
| J. Michael McGillis | ||||||
| President | ||||||
