secwatch.observer — SEC 8-K summary
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Issuer:     KKR Real Estate Finance Trust Inc. (KREF)
CIK:        0001631596
Form:       8-K
Filed at:   2021-08-19T23:59:59+00:00
Accession:  0001140361-21-028899
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KREF closes $1.3B CRE CLO, redeems $1.0B 2018 CLO
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- Closed $1.3B managed CRE CLO (KREF 2021-FL2) on Aug 16, 2021, refinancing the prior $1.0B 2018 CLO.
- Finances one mortgage loan and 19 pari passu participations from KREF's portfolio.
- Provides 84% advance rate at weighted average running cost of L+1.30% (before amortized costs).
- Features two-year reinvestment period on a non-mark-to-market and non-recourse basis.
- Co-lead managers: Wells Fargo, KKR Capital Markets, Morgan Stanley, Goldman Sachs, MUFG.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000114036121028899/0001140361-21-028899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000114036121028899/brhc10028182_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-028899

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