other material
confidence high
sentiment neutral
materiality 0.15
Franklin BSP Real Estate Debt sells $7.75M in equity via private offering
Franklin BSP Real Estate Debt, Inc.
- Sold 310,607.06 shares across three classes: G, G-D, and G-S at prices $25.01, $24.84, and $24.83 respectively.
- Total aggregate consideration of $7,754,668 includes $10,685 in upfront selling commissions and placement fees.
- Offering exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.
- Each share class may convert into Class I or F common stock upon certain events or at company's option.