secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001717547-25-000086
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754725000086/0001717547-25-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754725000086/brsp-20251209.htm
  HTML page:      https://secwatch.observer/filing/0001717547-25-000086

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