BrightSpire Capital extends revolving credit facility to Dec 2028; maintains $120M capacity

BrightSpire Capital, Inc.

Revolving termination date extended to December 8, 2028; aggregate commitment remains $120M with $25M LC sublimit.
Option to increase facility to $180M subject to lender commitments and customary conditions.
Interest rate at Term SOFR + 2.25% or base rate + 1.25%; unused commitment fee 0.25%-0.35%.
Borrowing base currently supports full $120M; covenant requires minimum tangible net worth of $900M plus 70% of net equity proceeds.
Certain existing lenders exited; commitments reallocated among continuing lenders; all consents obtained.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

BrightSpire Capital, Inc. amended revolving credit of $120,000,000 with JPMorgan Chase Bank, N.A. at Term SOFR rate plus 2.25% or base rate plus 1.25% maturing December 8, 2028.

Instrument: revolving credit
Principal: $120,000,000
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Term SOFR rate plus 2.25% or base rate plus 1.25%
Maturity: December 8, 2028
Event: amendment

Exact text from the filing

Amendment No. 1 to Amended and Restated Credit Agreement On December 9, 2025, BrightSpire Capital Operating Company, LLC (“BrightSpire OP”) (together with certain subsidiaries of BrightSpire OP from time to time party thereto as borrowers, collectively, the “Borrowers”) entered into an Amendment No. 1 to that certain Amended and Restated Credit Agreement (the “Amended Credit Agreement”), dated as of January 28, 2022, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the several lenders from time to time party thereto (the “Lenders”), pursuant to which Amended Credit Agreement the Lenders agreed to provide a revolving credit facility in the aggregate principal amount of up to $120.0 million, of which up to $25.0 million is available as letters of credit.

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BrightSpire Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001717547-25-000086

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