other_material
confidence high
sentiment neutral
materiality 0.30
Franklin BSP Real Estate Debt sells 489,837 shares in private placement for $12.4M
Franklin BSP Real Estate Debt, Inc.
- Sold 489,837.37 shares of Class G, G-D, and G-S common stock for aggregate consideration of $12,374,655.
- Price per share: $25.24 for Class G and G-D; $25.00 for Class G-S; includes upfront selling commissions and placement fees.
- Offering was a continuous private placement exempt under Section 4(a)(2) and Regulation D of the Securities Act.
- Shares may convert to Class I or Class F common stock upon liquidation, listing, or under certain stockholder limits.
item 3.02