BrightSpire Capital Amends Major Loan Agreements With Wells Fargo, Morgan Stanley, Barclays, and Citibank

Reuters12-19
BrightSpire Capital Amends Major Loan Agreements With <a href="https://laohu8.com/S/EOD">Wells Fargo</a>, <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>, Barclays, and <a href="https://laohu8.com/S/C">Citibank</a>

BrightSpire Capital Inc. has recently amended several of its existing financing agreements with major financial institutions. The company’s subsidiary, BrightSpire Credit 8, LLC, entered into Amendment No. 7 to its Master Repurchase and Securities Contract and Fifth Amendment to Guarantee with Wells Fargo Bank, continuing to provide up to $300 million in financing for first mortgage loans and other commercial real estate debt instruments. Additionally, BrightSpire’s indirect subsidiaries executed a Second Amended and Restated Master Repurchase and Securities Contract Agreement with Morgan Stanley Bank, N.A., which provides up to $600 million in financing, with $500 million designated for U.S. properties and $100 million for select European jurisdictions. Furthermore, BrightSpire’s subsidiaries amended and restated their Master Repurchase Agreement with Citibank, N.A., maintaining up to $400 million in financing for commercial real estate loans. The company also reaffirmed and amended its Guaranty with Citibank, reducing the required minimum consolidated tangible net worth from $2.105 billion to $1.5 billion, plus a portion of future equity issuance proceeds. These transactions support BrightSpire Capital’s ongoing commercial real estate financing activities.

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