Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Franklin BSP Realty Trust, Inc. incurred senior notes of approximately $897 million with U.S. Bank Trust Company, National Association at 2.259% plus 1 Month CME Term SOFR maturing September 15, 2035.
- Instrument
- senior notes
- Principal
- approximately $897 million
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 2.259% plus 1 Month CME Term SOFR
- Maturity
- September 15, 2035
- Event
- incurrence
Exact text from the filing
closed an approximately $897 million commercial real estate mortgage securitization transaction, and sold $767 million of the securitization's notes in a private placement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Franklin BSP Realty Trust, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at approximately $897 million (effective 2023-09-28).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- approximately $897 million
- Effective
- 2023-09-28
Exact text from the filing
On September 28, 2023 (the “Closing Date”), a consolidated subsidiary of Franklin BSP Realty Trust, Inc. (the “Company”), BSPRT 2023-FL10 Issuer, LLC (the “Issuer”), closed an approximately $897 million commercial real estate mortgage securitization transaction, and sold $767 million of the securitization’s notes in a private placement. The notes were issued pursuant to an indenture (the “Indenture”), dated as of the Closing Date, by and among the Issuer, Benefit Street Partners Realty Operating Partnership, L.P., as advancing agent (the “Advancing Agent”), U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and note administrator (in such capacity, the “Note Administrator”), and U.S. Bank National Association, as custodian and in other capacities.
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