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Stock impact report

Franklin BSP Realty Trust, Inc. Announces Pricing of an $880.4 Million Managed CRE CLO

Franklin BSP Realty Trust, Inc. (FBRT) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT”) today announced the pricing of BSPRT 2026-FL13 (“FL13”), an $880.4 million managed Commercial Real Estate Collateralized Loan Obligation. FL13 features a 30-month reinvestment period. The transaction has an initial advance rate of 88.375% and a weighted average interest cost of 1M CME Term SOFR+1.76% before transaction costs. The transaction is expected to settle on April 15, 2026. Concurrently with the settlement of FL13, FBRT will call a CLO that was issued in 2022.Michael Comparato, Chief Executive Officer of FBRT, commented: “In a more challenging market backdrop, the successful pricing of this $880.4 million managed CRE CLO reflects strong investor confidence and our team’s disciplined execution. The transaction underscores our ability to originate and aggregate high-quality assets, with this CLO featuring approximately 84% multifamily exposure, and reflects continued progress in executing our st Show less Read more
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