Franklin BSP Real Estate Debt BDC: debt financing — Franklin BSP Real Estate Debt BDC enters $150M repurchase facility with Wells Fargo

Franklin BSP Real Estate Debt BDC

Facility provides up to $150M to finance commercial real estate mortgage loans and senior interests.
Advances accrue at Term SOFR plus a margin determined by Wells Fargo; facility matures March 13, 2027 with two 1-year extension options.
Company guarantees full payment and performance of Seller's obligations under the facility, subject to customary limitations.
Facility is secured by the purchased assets and includes standard representations, covenants, and events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Franklin BSP Real Estate Debt BDC incurred credit facility of up to $150 million with Wells Fargo Bank, National Association at Term SOFR Reference Rate plus a margin maturing March 13, 2027.

Instrument: credit facility
Principal: up to $150 million
Counterparty: Wells Fargo Bank, National Association
Rate: Term SOFR Reference Rate plus a margin
Maturity: March 13, 2027
Event: incurrence

Exact text from the filing

retail, industrial, office, self-storage, mixed-use, hospitality and/or multi-family properties. The WF Repurchase Agreement provides for asset purchases by Buyer of up to $150 million (the “Facility”). Advances under the WF Repurchase Agreement accrue interest at a per annum rate equal to the Term SOFR Reference Rate (as defined in the WF Repurchase Agreement)

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Source: SEC EDGAR

accession 0001193125-25-057650

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