FS Credit Real Estate Income Trust Inc.
04/29/2024 | Press release | Distributed by Public on 04/29/2024 15:19
Material Agreement - Form 8-K
| Item 1.01. |
Entry into a Material Definitive Agreements. |
MM-1Facility - Second Amendment to the Amended and Restated Loan and Servicing Agreement
On April 23, 2024, FS CREIT Finance MM-1LLC (an indirectly wholly owned subsidiary of FS Credit Real Estate Income Trust, Inc. (the "Company")), as borrower, entered into a Second Amendment to the Amended and Restated Loan and Servicing Agreement, originally dated as of April 27, 2022, with Wells Fargo Bank, National Association, as administrative agent, Massachusetts Mutual Life Insurance Company and C.M. Life Insurance Company, as lenders, and the other parties thereto. The amendment, among other things, (a) increases the applicable spread over the one-monthTerm SOFR benchmark rate from (i) 2.025% plus a credit spread adjustment of 0.11% to (ii) 2.30%, (b) extends the end of the availability period from September 20, 2024, to September 20, 2026, and (c) extends the scheduled maturity date from September 20, 2029, to September 20, 2031.
The material terms of the Second Amendment to the Amended and Restated Loan and Servicing Agreement described above are qualified in their entirety by the agreement attached as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated herein by reference.
Barclays Facility - Amended and Restated Credit Agreement
On April 24, 2024, the Company, as borrower, entered into an Amended and Restated Credit Agreement with Barclays Bank PLC, as administrative agent and as a lender, certain other lenders, and the other parties thereto. The Amended and Restated Credit Agreement, among other things, (a) increases the lenders' aggregate commitments from $310 million to $425 million, and (b) extends the revolving credit termination date in respect of $400 million of the lenders' commitments from August 1, 2025, to April 24, 2027, while the revolving credit termination date of the remaining $25 million commitment remains August 1, 2025.
The material terms of the Amended and Restated Credit Agreement described above are qualified in their entirety by the agreement attached as Exhibit 10.2 to this Current Report on Form 8-Kand incorporated herein by reference.