debt
confidence high
sentiment positive
materiality 0.60
BrightSpire reduces net worth covenant to $900M, expands Wells facility to $500M
BrightSpire Capital, Inc.
- Wells facility increased from $400M to $500M (upsize to $600M subject to approval).
- Minimum consolidated tangible net worth reduced from $1.11B to $900M for all four lenders.
- Barclays facility (8th amendment) and Citibank guaranty (amended & restated) reflect same $900M threshold.
- Morgan Stanley 11th amendment also lowers net worth covenant to $900M.
- All amendments dated Dec 16-17, 2025; extend liquidity and financial flexibility.