---
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"
generated_at: "2026-05-16T12:35:48.889483+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BrightSpire reduces net worth covenant to $900M, expands Wells facility to $500M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-25-000088
- JSON: https://secwatch.observer/filing/0001717547-25-000088.json
- Plain text: https://secwatch.observer/filing/0001717547-25-000088.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.