secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Realty Trust, Inc. (FBRT)
CIK:        0001562528
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001562528-22-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FBRT subsidiary closes $803M CRE securitization, issues $671M notes
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- Issuer BSPRT 2022-FL9 closed $803M CRE loan securitization, sold $671M notes in private placement.
- Notes comprise 10 classes (A through J); Class A $423.7M at SOFR+2.296%, Class E $11M at SOFR+5.411%.
- Net proceeds to repay borrowings, fund future loans and investments, and general corporate purposes.
- Portfolio includes 5 loans and 19 participations at $803M aggregate balance as of June 29, 2022.
- Notes mature May 15, 2039; weighted-average lives of Class A Notes expected 3.40 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562528/000156252822000019/0001562528-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562528/000156252822000019/bsprt-20220629.htm
  HTML page:      https://secwatch.observer/filing/0001562528-22-000019

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