FS Credit Real Estate Income Trust, Inc.: debt financing — FS Credit Real Estate Income Trust extends Wells Fargo repurchase agreement maturity to Aug 30, 2024

FS Credit Real Estate Income Trust, Inc.

Maturity date and funding expiration date extended from Aug 30 2023 to Aug 30 2024 via Amendment No. 11 to master repurchase contract.
Two additional one-year extension options remain for maturity; no further options for funding expiration.
Seller paid applicable extension fee; no default or margin deficit outstanding and all representations reaffirmed.
Guarantor and pledgor reaffirmed obligations under guarantee and pledge agreements; liens preserved.
Exhibit K added listing authorized representatives of seller (including Forman, Sypherd, Condelles, Neff, Kitain).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FS Credit Real Estate Income Trust, Inc. amended credit facility with Wells Fargo Bank, National Association maturing August 30, 2024.

Instrument: credit facility
Counterparty: Wells Fargo Bank, National Association
Maturity: August 30, 2024
Event: amendment

Exact text from the filing

The Eleventh Amendment to Master Repurchase Agreement provides for, among other things, an extension of each of the Maturity Date and the Funding Expiration Date, in each case, from August 30, 2023 to August 30, 2024.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FS Credit Real Estate Income Trust, Inc. amended Eleventh Amendment to Master Repurchase Agreement with Wells Fargo Bank, National Association (effective 2023-08-24).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Effective: 2023-08-24

Exact text from the filing

On August 24, 2023, FS CREIT Finance WF-1 LLC, or WF-1, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., or the Company, entered into a Maturity Date and Funding Period Extension Confirmation Letter and Amendment No. 11 to Master Repurchase and Securities Contract, or Eleventh Amendment to Master Repurchase Agreement, amending Master Repurchase and Securities Contract dated as of August 30, 2017 with Wells Fargo Bank, National Association, as buyer.

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Source: SEC EDGAR

accession 0001104659-23-096874

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