FS Credit Real Estate Income Trust, Inc.: debt financing — FS Credit Real Estate closes $1.02B CLO issuance of nine classes of notes

FS Credit Real Estate Income Trust, Inc.

CLO issued $1,021.8M in notes across nine classes; Class A $579.9M rated Aaa/AAA (Moody's/Fitch).
Class H $75.4M unrated, retained by indirect wholly-owned subsidiary of the Company.
Proceeds used to purchase collateral, repay prior financings including repurchase facilities.
Notes mature August 2042; interest on Class A is Term SOFR + 1.385% (plus step-up after Dec 2030).
Minimum par value test ratio set at 112.48%; interest coverage test at 120%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.85

FS Credit Real Estate Income Trust, Inc. incurred loan of Class A Notes $579,867,000, Class A-S Notes $134,111,000, Class B Notes $68,971,000, Class C Notes $54,921,000, Class D with FS Rialto 2025-FL10 Issuer, LLC at Class H Notes have no stated interest rate; other classes' rates are not specifi maturing August 2042.

Instrument: loan
Principal: Class A Notes $579,867,000, Class A-S Notes $134,111,000, Class B Notes $68,971,000, Class C Notes $54,921,000, Class D
Counterparty: FS Rialto 2025-FL10 Issuer, LLC
Rate: Class H Notes have no stated interest rate; other classes' rates are not specifi
Maturity: August 2042
Event: incurrence

Exact text from the filing

Aggregate Principal Balance of all Notes Ratings (Moody’s / Fitch) Initial Weighted Average Life of Notes (1) Fully Extended Weighted Average Life of Notes (2) Class A Notes $ 579,867,000 56.750 % Aaa(sf) / AAAsf 3.04 years 4.32 years Class A-S Notes $ 134,111,000 13.125 % NR / AAAsf 3.76 years 5.03 years Class B Notes $ 68,971,000 6.750 % NR / AA-sf 4.28 years

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Source: SEC EDGAR

accession 0001104659-25-016198

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