{"schema_version":"secwatch.filing_event.v1","accession":"0001717547-25-000088","form_type":"8-K","ticker":"BRSP","cik":"0001717547","company_name":"BrightSpire Capital, Inc.","filed_at":"2025-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.243703+00:00","generated_at":"2026-05-16T12:35:48.889483+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"BrightSpire reduces net worth covenant to $900M, expands Wells facility to $500M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001717547-25-000088","json":"https://secwatch.observer/filing/0001717547-25-000088.json","markdown":"https://secwatch.observer/filing/0001717547-25-000088.md","text":"https://secwatch.observer/filing/0001717547-25-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000088/0001717547-25-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1717547/000171754725000088/brsp-20251216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:35:48.889483+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}