other material
confidence high
sentiment neutral
materiality 0.50
Franklin BSP Real Estate Debt sells 966,315 shares of Class G common stock for $24.0M in private placement
Franklin BSP Real Estate Debt, Inc.
- Sold 966,315.02 shares of Class G, G-D, and G-S common stock for aggregate consideration of $24,035,950.
- Class G at $24.92/share, Class G-D at $24.75/share, Class G-S at $24.74/share; includes $23,950 in selling commissions.
- Exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.
- Shares carry automatic conversion to Class I common stock on liquidation, listing, or other events; also can be converted to Class F shares subject to 4.99% ownership cap.