Claros Mortgage Trust, Inc. (NYSE: CMTG) has closed a new $500 million, four-year secured term loan credit facility with investment funds and accounts managed by HPS Investment Partners, LLC, a part of BlackRock. The facility carries a variable annual rate of SOFR plus 675 basis points and can be prepaid at any time, subject to conditions. Proceeds from the loan, along with company cash on hand, were used to fully repay CMTG's $556.2 million Term Loan B, which was due in August 2026. As part of the transaction, CMTG issued 10-year detachable warrants to purchase 7,542,227 shares of its common stock at $4.00 per share, representing a 46% premium to the stock's closing price on January 30, 2026. The company also aligned financial covenants across its financing facilities for a more favorable and consistent framework.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Claros Mortgage Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-032775), on February 02, 2026, and is solely responsible for the information contained therein.