BrightSpire closes $856M CLO; retains $130M in subordinated notes and preferred

BrightSpire Capital, Inc.

Total securities issuance of $856M: $800M notes (Class A-G) and $56M preferred shares.
BrightSpire subsidiary retains all $130M of Class F & G notes and preferred shares.
Notes bear floating rate at LIBOR + 1.15% (Class A) to +6.75% (Class G).
Proceeds used to purchase commercial real estate loans and repay pre-closing financings.
Reinvestment period of 24 months; final maturity August 2038.

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