{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-202257","form_type":"8-K","ticker":null,"cik":"0002018545","company_name":"Franklin BSP Real Estate Debt BDC","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.823695+00:00","generated_at":"2026-05-17T06:47:24.541319+00:00","sec_items":["5.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"North Carolina Treasurer acquires 99.99% of Franklin BSP Real Estate Debt BDC in private transaction","bullets":["On September 10, 2025, the Treasurer of the State of North Carolina acquired 99.99% of the Company's outstanding common shares.","The acquisition was a private transaction from prior holders, resulting in a change in control of the registrant.","Franklin BSP Real Estate Debt BDC is a business development company focused on real estate debt investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-202257","json":"https://secwatch.observer/filing/0001193125-25-202257.json","markdown":"https://secwatch.observer/filing/0001193125-25-202257.md","text":"https://secwatch.observer/filing/0001193125-25-202257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2018545/000119312525202257/0001193125-25-202257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2018545/000119312525202257/d907829d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:47:24.541319+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"59ea9dd0cc5e9c5324d96bb458f491d72e9a790f","claim":"Franklin BSP Real Estate Debt BDC underwent a change of control involving Treasurer of the State of North Carolina (closed 2025-09-10).","evidence_excerpt":"On September 10, 2025, the Treasurer of the State of North Carolina acquired 99.99% of Franklin BSP Real Estate Debt BDC’s (the “Company”) outstanding common shares of beneficial interest from the prior holders in a private transaction.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/2018545/000119312525202257/0001193125-25-202257-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Treasurer of the State of North Carolina"},{"label":"Closing","value":"2025-09-10"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}