---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-26-000012"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:12:21.516591+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BrightSpire Capital closes $955M CLO 2026-FL3 with eight note classes and preferred shares

## Summary
- CLO issued eight note tranches totaling $883.4M and $71.6M in preferred shares on Feb 17, 2026.
- Class A notes rated Aaa(sf)/AAA(sf) total $544.4M; subsidiary retains all Class F, Class G and Preferred.
- Proceeds used to purchase initial loan portfolio, fund ramp-up, and repay pre-closing repurchase financings.
- 30-month reinvestment period; BrightSpire Capital Advisors serves as collateral manager but waives its fee.
- Issuer structured as a taxable mortgage pool; company expects to treat it as a qualified REIT subsidiary.

## SEC filing metadata
- accession: 0001717547-26-000012
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000012/0001717547-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000012/brsp-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-26-000012
- JSON: https://secwatch.observer/filing/0001717547-26-000012.json
- Plain text: https://secwatch.observer/filing/0001717547-26-000012.txt

## Source-grounded claims
- claim_id: 947369f73b2b1c187688400de6a77ce185180e23
  claim: BrightSpire Capital, Inc. incurred senior notes of $544,350,00 with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Barclays Capital Inc. maturing August 2043.
  evidence_excerpt: Principal or Notional Amount of all Securities Ratings (Moody’s/KBRA) Initial Weighted Average Life of Notes (1) Fully Extended Weighted Average of Notes (2) Class A Notes $ 544,350,00 57.000 Aaa(sf) / AAA(sf) 2.98 years 4.63 years Class A-S Notes $ 102,662,00 10.750 NR / AAA(sf) 3.81 years 4.93 years Class B Notes $ 60,881,00 6.375 NR / AA-(sf) 4.42 years 5.01
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000012/0001717547-26-000012-index.htm
- claim_id: f7d25b0e202461ae57f5ef09270c9b0f0a386f5f
  claim: BrightSpire Capital, Inc. entered into Indenture with BRSP 2026-FL3 Ltd., BRSP 2026-FL3, LLC, BrightSpire Capital Advancing Agent, LLC, Wilmington Trust, National Association, Computershare Trust Company, National Association valued at Issuance of $544,350,000 Class A Notes, $102,662,000 Class A-S Notes, $60,881,000 Class B Notes, $59 (effective 2026-02-17).
  evidence_excerpt: On February 17, 2026 (the “CLO Closing Date”), BrightSpire Capital, Inc. (the “Company”) entered into a collateralized loan obligation (the “CLO”) through its subsidiary real estate investment trust, BrightSpire Capital Mortgage Sub-REIT, LLC (“Sub-REIT”), and two wholly-owned subsidiaries of Sub-REIT, BRSP 2026-FL3 Ltd., a newly formed exempted company incorporated with limited liability under the laws of the Cayman Islands, as issuer (the “Issuer”), and BRSP 2026-FL3, LLC, a Delaware limited liability company, as co-issuer (the “Co-Issuer” and together with the Issuer, the “CLO Issuers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000012/0001717547-26-000012-index.htm

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