---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-061151"
form_type: "8-K"
ticker: "FBRT"
cik: "0001562528"
company_name: "Franklin BSP Realty Trust, Inc."
filed_at: "2025-06-20T23:59:59+00:00"
generated_at: "2026-05-19T01:22:40.593114+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FBRT OP LLC issues $107M in unsecured senior notes at 8.25% fixed and floating rate

## Summary
- Operating partnership FBRT OP LLC issued $107M aggregate principal of unsecured senior notes.
- $82M fixed-rate notes at 8.25%, due April 25, 2030.
- $25M floating-rate notes at initial coupon ~8.33%, due April 25, 2028.
- Net proceeds for general corporate purposes; may partly fund acquisition of NewPoint Holdings JV LLC.
- Notes offered in private placement; not registered under Securities Act, subject to exemptions.

## SEC filing metadata
- accession: 0001104659-25-061151
- form_type: 8-K
- ticker: FBRT
- cik: 0001562528
- company_name: Franklin BSP Realty Trust, Inc.
- filed_at: 2025-06-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562528/000110465925061151/0001104659-25-061151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562528/000110465925061151/tm2518545d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-061151
- JSON: https://secwatch.observer/filing/0001104659-25-061151.json
- Plain text: https://secwatch.observer/filing/0001104659-25-061151.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.