BrightSpire Capital closes $960 million CLO financing
BRSP•BrightSpire Capital closed a $960 million collateralized loan obligation through subsidiaries on October 16, 2026. The transaction included $844.8 million of Offered Notes, while a subsidiary retained $115.2 million of other notes and preferred shares.
1. CLO financing details
BrightSpire Capital closed the $960 million CLO through subsidiaries on October 16, 2026. The transaction included $844.8 million of Offered Notes placed through Citigroup Global Markets, Morgan Stanley and other placement agents; a subsidiary retained all Class F Notes, Class G Notes and Preferred Shares, totaling $115.2 million. The $576 million Class A Notes initially bear interest at Term SOFR plus 1.4%. The CLO has a 30-month reinvestment period, and the Notes mature at par in April 2044 unless redeemed or repaid earlier.
