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:   2022-02-16T23:59:59+00:00
Accession:  0001140361-22-005801
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KREF closes $1.0B CRE CLO FL3 at SOFR+1.71% weighted average cost
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- Issued $1.0B in notes across eight classes; advance rate of 84.75%.
- Weighted average cost of one-month Term SOFR + 1.71% before amortized costs.
- Financing is non-mark-to-market and non-recourse with a two-year reinvestment period.
- Third CLO issuance and second in six months; proceeds finance multifamily mortgage loans and participations.
- Co-lead managers: Wells Fargo, KKR Capital Markets, Morgan Stanley, Goldman Sachs, MUFG.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000114036122005801/0001140361-22-005801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000114036122005801/brhc10034145_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-005801

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