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

Issuer:     Starwood Credit Real Estate Income Trust (—)
CIK:        0001986395
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-122709
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Starwood Credit Real Estate Income Trust enters £150M repurchase facility with Morgan Stanley, maturing 2029
--------------------------------------------------------------------------------

- Facility of up to £150 million through subsidiaries Sellers, with Morgan Stanley Bank as buyer.
- Advances bear interest based on Compounded Reference Rate + spread (GBP), EURIBOR (EUR), or BBSY (AUD).
- Maturity date February 15, 2029, with one-year extension options at Morgan Stanley's sole discretion.
- Company provides guaranty up to 25% of outstanding obligations, full recourse upon voluntary bankruptcy.
- Guaranty includes customary bad boy provisions covering actual costs from certain events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1986395/000119312524122709/0001193125-24-122709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1986395/000119312524122709/d832104d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-122709

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