Franklin BSP Real Estate Debt BDC Enters Material Agreement
| Field | Detail |
|---|---|
| Company | Franklin Bsp Real Estate Debt Bdc |
| Form Type | 8-K |
| Filed Date | Sep 25, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
FBREDBC just signed a big deal, creating new financial obligations. Keep an eye on this.
AI Summary
On September 19, 2025, Franklin BSP Real Estate Debt BDC entered into a material definitive agreement. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing was made on September 25, 2025.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Franklin BSP Real Estate Debt BDC, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet those obligations.
Key Players & Entities
- Franklin BSP Real Estate Debt BDC (company) — Registrant
- September 19, 2025 (date) — Date of earliest event reported
- September 25, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- One Madison Avenue, Suite 1600, New York, New York 10010 (address) — Principal executive offices
FAQ
What type of material definitive agreement did Franklin BSP Real Estate Debt BDC enter into?
The filing states that the registrant entered into a "Material Definitive Agreement" and created a "Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement," but does not specify the exact nature of the agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 19, 2025.
What is the filing date of this 8-K report?
This 8-K report was filed on September 25, 2025.
What is the principal executive office address for Franklin BSP Real Estate Debt BDC?
The principal executive office is located at One Madison Avenue, Suite 1600, New York, New York 10010.
What is the Commission File Number for Franklin BSP Real Estate Debt BDC?
The Commission File Number is 814-01736.
Filing Stats: 557 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2025-09-25 15:10:32
Filing Documents
- fbredbdc-20250919.htm (8-K) — 29KB
- 0002018545-25-000018.txt ( ) — 137KB
- fbredbdc-20250919.xsd (EX-101.SCH) — 2KB
- fbredbdc-20250919_lab.xml (EX-101.LAB) — 20KB
- fbredbdc-20250919_pre.xml (EX-101.PRE) — 12KB
- fbredbdc-20250919_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement 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.
03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Lucid Prime Fund LLC Master Repurchase Agreements On September 19, 2025, Franklin BSP Real Estate Debt BDC (the "Company"), through its indirect wholly-owned subsidiary FBRED BDC High Yield Securities, LLC ("Seller"), entered into a Master Repurchase Agreement (the "MRA") with Lucid Prime Fund LLC ("Lucid"). The MRA does not have a maximum commitment. There is no initial maturity date on the MRA. In connection with the MRA, the Company entered into a Guarantee Agreement, dated as of September 19, 2025 (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 September 30, 2025.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Franklin BSP Real Estate Debt BDC By: /s/ Jerome S. Baglien Name: Jerome S. Baglien Title: Chief Financial Officer and Chief Operating Officer Date: September 25, 2025