Franklin BSP Real Estate Debt Inc.
06/04/2026 | Press release | Distributed by Public on 06/04/2026 10:34
Material Agreement, Financial Obligation (Form 8-K)
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The information set forth under Item 2.03 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Barclays Bank PLC Master Repurchase Agreement
On June 1, 2026, Franklin BSP Real Estate Debt, Inc. (the "Company"), through its indirect wholly-owned subsidiary FBRED REIT High Yield Securities, LLC ("Seller"), entered into a Master Repurchase Agreement (the "MRA") with Barclays Bank, PLC ("Barclays"). The MRA does not have a maximum commitment. There is no initial maturity date on the MRA.
In connection with the MRA, the Company, through its wholly-owned subsidiary FBRED REIT Real Estate Debt OPCO LLC, entered into a Guarantee Agreement, dated as of June 1, 2026 (the "Guarantee Agreement") under which the Company agreed to guarantee certain obligations of Seller under the MRA.
The MRA and the Guarantee Agreement contain representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of this type.
The description of the MRA and Guarantee Agreement above is a summary and is qualified in its entirety by the terms of the MRA and Guarantee Agreement which will be filed as exhibits to the Company's Form 10-Q for the quarter ended June 30, 2026.
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