BrightSpire Capital Operating Company, LLC, a subsidiary of BrightSpire Capital Inc., has entered into Amendment No. 1 to its Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of lenders. The amended agreement, originally dated January 28, 2022, provides for a revolving credit facility of up to $120 million, including up to $25 million available as letters of credit. The facility is secured by a pledge of substantially all equity interests and a security interest in deposit accounts of the borrowers and guarantors. The agreement includes various financial covenants, such as maintaining a minimum consolidated tangible net worth and a maximum consolidated total debt to consolidated total assets ratio of 0.80 to 1.00. Customary events of default and limitations on debt, liens, and restricted payments are also included in the terms.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brightspire Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001717547-25-000086), on December 09, 2025, and is solely responsible for the information contained therein.
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