{"schema_version":"secwatch.filing_event.v1","accession":"0001717547-25-000086","form_type":"8-K","ticker":"BRSP","cik":"0001717547","company_name":"BrightSpire Capital, Inc.","filed_at":"2025-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.243579+00:00","generated_at":"2026-05-16T13:48:33.552209+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BrightSpire Capital extends revolving credit facility to Dec 2028; maintains $120M capacity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001717547-25-000086","json":"https://secwatch.observer/filing/0001717547-25-000086.json","markdown":"https://secwatch.observer/filing/0001717547-25-000086.md","text":"https://secwatch.observer/filing/0001717547-25-000086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000086/0001717547-25-000086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000086/brsp-20251209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:48:33.552209+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0810393461728eec39a5df25f3a751b124cd9d20","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000086/0001717547-25-000086-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$120,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"Term SOFR rate plus 2.25% or base rate plus 1.25%"},{"label":"Maturity","value":"December 8, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}