Corporate Debt Revolving Credit Facility4 Variable LIBOR+ 1.55%4 10/31/2022 $ - Junior Subordinated Notes Variable LIBOR+ 3.25% 3/30/2035 $ 27,070 Total Corporate Debt $ 27,070 Total Debt $ 154,668 23 Debt & Preferred Summary (March 31, 2019)1 Debt Maturity Schedule (March 31, 2019)1,2 (in thousands) Excludes: (a) $15,653,000 of secured borrowings – government guaranteed loans, which represent sold loans that are treated as secured borrowing because the loan sales did not meet the derecognition criteria provided for in ASC 860-30, Secured Borrowing and Collateral, and (b) premiums, discounts and debt issuance costs. Excludes mortgage debt related to 1333 Broadway which was classified as held for sale as of March 31, 2019 and was legally defeased in May 2019 in connection with the sale of the property. In May 2018, we completed a securitization of the unguaranteed portion of certain of our SBA 7(a) loans receivable with the issuance of $38,200,000 of unguaranteed SBA 7(a) loan-backed notes. The notes mature on March 20, 2043, with monthly payments due as payments on the collateralized loans are received. Based on the anticipated repayments of our collateralized SBA 7(a) loans, we estimate the weighted average life of the notes to be approximately two years. In October 2018, we entered into a revolving credit facility with a bank syndicate pursuant to which CMCT can borrow up to a maximum of $250,000,000, subject to a borrowing base calculation. The revolving credit facility is secured by deeds of trust on certain properties. Outstanding advances under the revolving credit facility bear interest at (i) the base rate plus 0.55% or (ii) LIBOR plus 1.55%. The revolving credit facility matures in October 2022 and provides for one one-year extension option under certain conditions. At March 31, 2019, approximately $226,000,000 was available for future borrowings. Outstanding Series A Preferred Stock represents total units issued as of March 31, 2019 of 3,159,029, less redemptions of 9,105 shares, times the stated value of $25.00 per share. Does not reflect reductions for commissions, fees, allocated costs or discount. Outstanding Series L Preferred Stock represents total units issued as of March 31, 2019 of 8,080,740 times the stated value of $28.37 per share. Does not reflect reductions for commissions, fees, allocated costs or discount. Fixed Debt vs. Floating Debt (March 31, 2019)1,2 Mortgages2 Interest structure (fixed/variable etc.) Interest Rate Maturity/ Expiration Date Loan balance 3/31/2019 (in thousands) 1 Kaiser Plaza Fixed 4.14% 7/1/2026 $ 97,100 Total Mortgages 4.14% $ 97,100 Other Debt SBA 7(a) Loan-Backed Notes3 Variable LIBOR+ 1.40% 3/20/2043 $ 30,498 Total Other Debt $ 30,498 Preferred Stock Interest structure (fixed/variable etc.) Coupon Maturity/ Expiration Date Outstanding (in thousands) Series A Fixed 5.50% N/A $ 78,7485 Series L Fixed 5.50% N/A $ 229,2516 Total Preferred Stock $ 307,999 Total Debt + Preferred Stock $ 462,667 Equity Enhancing, Growth-Oriented Capital Structure 5 Excluding SBA 7(a) Loan Backed Notes Including SBA 7(a) Loan Backed Notes Fixed 78% Floating 22% $525 $2,151 $2,208 $2,267 $2,333 $145,184 2019 2020 2021 2022 2023 Thereafter Fixed 63% Floating 37%
![GRAPHIC](https://capedge.com/proxy/8-K/0001104659-19-033633/g110361mm05i022.gif)