Franklin BSP Realty Trust, Inc. (FBRT): debt financing — Franklin BSP Realty Trust closes $1.076B CRE securitization, issues $947M notes

Franklin BSP Realty Trust, Inc.

Subsidiary BSPRT 2025-FL12 Issuer issued nine classes of floating-rate notes, led by $608M Class A at SOFR+1.386%.
Note classes range from Class A (senior) to Class H and $64.6M Class J income notes; all mature April 2043.
Net proceeds primarily to repay credit facilities, fund future loans, and for general corporate purposes.
Portfolio comprises eight commercial/multifamily loans and 36 senior participations totaling ~$947M secured by the notes.
Weighted average life of offered notes ranges from 3.32 years (Class A) to 4.82 years (Class E); first interest payment Nov 17, 2025.

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

Franklin BSP Realty Trust, Inc. incurred senior notes of $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043, $150,690,000 Class A-S, $78,035,000 Class B, $60,545,0 with U.S. Bank Trust Company, National Association at 1.3860% plus 1 Month CME Term SOFR for Class A, 1.6480% plus 1 Month CME Term SO maturing April 17, 2043.

Instrument: senior notes
Principal: $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043, $150,690,000 Class A-S, $78,035,000 Class B, $60,545,0
Counterparty: U.S. Bank Trust Company, National Association
Rate: 1.3860% plus 1 Month CME Term SOFR for Class A, 1.6480% plus 1 Month CME Term SO
Maturity: April 17, 2043
Event: incurrence

Exact text from the filing

general corporate purposes. The aggregate principal amounts of the following nine classes of Notes (each, a “Class”) were issued pursuant to the terms of the Indenture: (i) $608,138,000 Class A Senior Secured Floating Rate Notes Due 2043 (the “Class A Notes”); (ii) $150,690,000 Class A-S Second Priority Secured Floating Rate Notes Due 2043 (the “Class A-S

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Franklin BSP Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-100408

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