secwatch.observer — SEC 8-K summary
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Issuer:     FS Credit Real Estate Income Trust, Inc. (—)
CIK:        0001690536
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001104659-25-115400
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FS CREIT enters $350M repurchase facility with Capital One for mortgage loan financing
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- Facility provides up to $350M purchase price commitments, with optional increases to $500M at Capital One's discretion.
- Eligible assets include performing senior commercial/multifamily mortgage loans, A-notes, pari passu participations, mezzanine loans.
- Availability period expires Nov 19, 2026; two one-year extension options plus a term-out feature are available.
- FS CREIT guarantees payment and performance; guaranty may become full recourse upon certain bankruptcy events.
- Covenants include adjusted tangible net worth floor, EBITDA/interest >= 1.40x, debt/tangible net worth <= 3.50x, minimum liquidity >= $15M or 5% of facility outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690536/000110465925115400/0001104659-25-115400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690536/000110465925115400/tm2531974d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-115400

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