---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-121110"
form_type: "8-K"
ticker: null
cik: "0001690536"
company_name: "FS Credit Real Estate Income Trust, Inc."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:14:05.445412+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FS Credit Real Estate Income Trust enters $350M repurchase facility with Morgan Stanley

## Summary
- Up to $350M in purchase commitments to finance senior commercial and multifamily mortgage loans, A-notes, and mezzanine loans.
- Facility terminates December 9, 2030, with one-year extension options at Administrative Agent's discretion.
- FSCREIT guarantees obligations; EBITDA/interest ratio ≥1.40:1.00 and total debt/tangible net worth ≤3.50:1.00.
- Replaces prior October 2022 master repurchase agreement; price differential is spread over Term SOFR.
- Covenants include minimum liquidity of greater of $15M or 5% of aggregate outstanding under facility.

## SEC filing metadata
- accession: 0001104659-25-121110
- form_type: 8-K
- cik: 0001690536
- company_name: FS Credit Real Estate Income Trust, Inc.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690536/000110465925121110/0001104659-25-121110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690536/000110465925121110/tm2533406d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121110
- JSON: https://secwatch.observer/filing/0001104659-25-121110.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121110.txt

## Key facts
- Debt Financings
  FS Credit Real Estate Income Trust, Inc. incurred credit facility of aggregate purchase price commitments of up to $350,000,000 with Morgan Stanley Bank, N.A. at a spread over Term SOFR maturing December 9, 2030.
  - Instrument: credit facility
  - Principal: aggregate purchase price commitments of up to $350,000,000
  - Counterparty: Morgan Stanley Bank, N.A.
  - Rate: a spread over Term SOFR
  - Maturity: December 9, 2030
  - Event: incurrence
  source text: The MS-1 Facility provides for aggregate purchase price commitments of up to $350,000,000. Each transaction under the MS-1 Facility will accrue price differential at a spread over Term SOFR and is subject to customary margin maintenance provisions. The MS-1 Facility has a termination date of December 9, 2030, subject to one-year extension options at the Administrative Agent’s discretion upon satisfaction of specified conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690536/000110465925121110/0001104659-25-121110-index.htm

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