other_material
confidence high
sentiment neutral
materiality 0.30
Franklin BSP Real Estate Debt sells 324,640 shares in private placement for $8.2M
Franklin BSP Real Estate Debt, Inc.
- Sold 324,640 shares across four classes for aggregate $8,193,050 in private placement.
- Class G Common: 223,914 shares at $25.22; Class G-S: 84,557 shares at $24.95.
- Class G-D: 9,569 shares at $25.08; Class E: 6,600 shares at $25.00.
- Shares sold exempt under Section 4(a)(2) and Regulation D; no SEC registration.
- Upon liquidation or listing, shares convert to Class I Common Stock at equivalent NAV.
item 3.02