Creative Media · NASDAQ:CMCT
Creative Media — CIM Commercial Trust — IPO Roadshow (October 2017)
7 slides from Creative Media's IPO roadshow presentation, Oct 25, 2017
Slide 1: Public Offering of Series L Preferred Stock
CMCT CIM COMMERCIAL TRUST CORPORATION PUBLIC OFFERING OF SERIES L PREFERRED STOCK Issuer Credit Rating Maalot S&P Global IL: AA-" Preferred Shares Credit Rating Maalot S&P Global IL: A-! Following the Offering, CMCT, Currently Listed On NASDAQ, Will Also Be Listed on TASE CLASSIFIED INVESTORS TENDER
Slide 2: Current and Target Capital Structure
Overall leverage is ~37%1 100% of debt matures after 2021, 58% in 2026 and thereafter1,2 55% of debt is fixed rate; another 42% of debt is effectively fixed rate until May 2020 through interest rate swaps1,2 Unsecured term loan maturing in 2022 bears interest at a spread of 160 bps over LIBOR (total
Slide 3: Series L Preferred Stock – The Offering and Dividends
S E R I E S L P R E F E R R E D S T O C K – T H E O F F E R I N G Exchange Rate1 S E R I E S L P R E F E R R E D S T O C K – D I V I D E N D S Annual dividend: 5.50% – Payments will begin in January 2019 Any deferred dividends are cumulative If at any time distributions on the Series L Preferred Sto
Slide 4: Series L Preferred Stock – Subordination and Seniority, Other Features
S E R I E S L P R E F E R R E D S T O C K – S U B O R D I N A T I O N A N D S E N I O R I T Y Series L Stated Value is senior to Common Stock – Unpaid and accrued distributions on the Series L Preferred Stock are junior to the Initial Dividend with respect to the payment of distributions including
Slide 5: Series L Preferred Stock – Redemption Rights
S E R I E S L P R E F E R R E D S T O C K – R E D E M P T I O N R I G H T S Each holder and CMCT has the right to redeem shares of Series L Preferred Stock on a quarterly basis beginning 5 years following the closing day of the offering of the Series L Each holder may redeem shares of the Series L P
Slide 6: Important Disclosures
I M P O R T A N T D I S C L O S U R E S Assets and Equity Under Management Assets Under Management (“AUM”) represents (i)(a) for real assets, the aggregate total gross assets (“GAV”) at fair value, including the shares of such assets owned by joint venture partners and co-investments, of all of CIM’
Slide 7: Free Writing Prospectus
Free Writing Prospectus Filed Pursuant to Rule 433 Dated October 25, 2017 Registration Statement No. 333-218019 FREE WRITING PROSPECTUS CIM Commercial Trust Corporation (the “ Company ” or “ CMCT ”) has filed a registration statement (including a prospectus) on Form S-11 (No. 333-218019) with the U.