secwatch.observer — SEC 8-K summary
======================================

Issuer:     FS Credit Real Estate Income Trust, Inc. (—)
CIK:        0001690536
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0001104659-25-121110
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690536/000110465925121110/0001104659-25-121110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690536/000110465925121110/tm2533406d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-121110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer