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Franklin BSP Real Estate Debt Inc.
05/06/2026 | Press release | Distributed by Public on 05/06/2026 12:57
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.
Amendment # 1 to Wells Fargo Master Repurchase Agreement
On May 1, 2026, Franklin BSP Real Estate Debt, Inc. (the "Company"), through its indirect wholly-owned subsidiary FBRED REIT WWH Seller, LLC ("Seller"), entered into Amendment #1 (the "Amendment") to Master Repurchase Agreement and Securities Contract (the "MRA") with Wells Fargo Bank, National Association ("Wells Fargo"). The Amendment, among other things, increased the maximum amount of advances from $150 million to $250 million.
The description of the Amendment above is a summary and is qualified in its entirety by the terms of the Amendment which will be filed as an exhibit to the Company's Form 10-Q for the quarter ended March 31, 2026.
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