Franklin BSP Realty Trust, Inc. Announces Closing of Approximately $800 Million CLO

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Jun 29, 2022

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of BSPRT 2022-FL9, an approximately $800 million managed Commercial Real Estate Collateralized Loan Obligation (“FL9 CRE CLO”). This was FBRT’s ninth CLO completed since June 2017. The FL9 CRE CLO features a two-year reinvestment period with an initial advance rate of 83.5% and a weighted average interest rate of SOFR+2.80% before accounting for discount and transaction costs.