secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0001717547-21-000026
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754721000026/0001717547-21-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754721000026/brsp-20210720.htm
  HTML page:      https://secwatch.observer/filing/0001717547-21-000026

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