secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001717547-26-000012
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000012/0001717547-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000012/brsp-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001717547-26-000012

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