BrightSpire Capital extends Morgan Stanley repurchase facility to April 2025, transitions to SOFR

BrightSpire Capital, Inc.

Eighth Amendment extends maturity of $500M repurchase facility to April 20, 2025, with two one-year extension options.
Facility originally up to $600M; reduced to $500M in 2021; MS seller retains right to increase back to $600M.
LIBOR replaced with Term SOFR as benchmark for transactions entered prior to January 1, 2022.
Minimum tangible net worth covenant previously reduced to $1.11B remains unchanged.

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