Claros Mortgage shares surge 15.33% premarket after securing $500M loan to retire $556.2M debt.

Claros Mortgage Trust, Inc. surged 15.33% in premarket trading following the announcement of a $500 million secured term loan facility to retire its $556.2 million Term Loan B. The new four-year loan, priced at SOFR plus 675 basis points, extends debt maturity and reduces refinancing risk ahead of the original loan’s 2026 due date. The transaction included detachable warrants exercisable at $4.00 per share (46% above the January 30, 2026, closing price), signaling confidence in the stock’s potential. Management highlighted the financing’s role in deleveraging the balance sheet, resolving watchlist assets, and aligning with BlackRock-affiliated HPS, enhancing credibility. The favorable covenant structure and strategic refinancing likely drove the sharp premarket gains, reflecting improved capital structure flexibility and reduced near-term liquidity pressures.