BrightSpire Capital subsidiary enters $165M credit facility, replaces $300M maturing facility

BrightSpire Capital, Inc.

New $165M revolving credit facility with $25M letter of credit sublimit, can increase to $300M.
Matures Jan 31, 2026, with two 6-month extension options available to borrower.
Interest rates: adjusted SOFR + 2.25% or base rate + 1.25%; unused commitment fee 0.25%-0.35%.
Financial covenants: min tangible net worth $1.112B, interest coverage ≥3.00x, debt/assets ≤0.80.
Replaces $300M facility expiring Feb 1, 2022; borrowing base secured by investment assets.

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