secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001717547-24-000077
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BrightSpire Capital closes $675M CLO securitization with eight tranches of notes and preferred shares
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- Issued $632.8M notes (Classes A-G) and $42.2M preferred shares via BRSP 2024-FL2 CLO.
- Class A notes: $367.9M, rated Aaa/AAAsf, SOFR+1.95%, final maturity Aug 2037, 3.25yr weighted avg life.
- Proceeds used to purchase initial collateral, fund ramp-up, and repay pre-closing repurchase facility debt.
- BrightSpire subsidiary retained all $30.4M Class F notes, $18.6M Class G notes, and $42.2M preferred shares.
- Collateral manager fee waived; 24-month reinvestment period; 6-month ramp-up for up to $84.8M additional collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754724000077/0001717547-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754724000077/brsp-20240815.htm
  HTML page:      https://secwatch.observer/filing/0001717547-24-000077

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