UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01. | Entry into a Material Definitive Agreements. |
MM-1 Amendment and Restatement to Loan and Servicing Agreement
On April 27, 2022, FS CREIT Finance MM-1 LLC, or MM-1, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., entered into the Amended and Restated Loan and Servicing Agreement, amending and restated the Loan and Servicing Agreement dated September 20, 2021 with MM-1 as the borrower and portfolio asset servicer, FS CREIT Finance Holdings LLC, Wells Fargo Bank, National Association, as the administrative agent and the collateral custodian, Massachusetts Mutual Life Insurance Company, or Mass Mutual, and the other lenders from time to time party thereto, and Mass Mutual as the facility servicer.
The Amended and Restated Loan and Servicing Agreement provides for, among other things, (a) an increase to the maximum facility amount from $500 million to $1 billion and (b) a change of the interest rate from one month LIBOR plus a spread of 205 basis points to one month Term SOFR plus a spread of 202.5 basis points plus a credit spread adjustment of 11 basis points.
The material terms of the Amended and Restated Loan and Servicing Agreement described above is qualified in its entirety by the agreement attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
| Item 9.01. | Exhibits. |
| EXHIBIT NUMBER |
DESCRIPTION | |
| 10.1 | Amended and Restated Loan and Servicing Agreement, dated as of April 27, 2022, between FS CREIT Finance MM-1 LLC and Mass Mutual | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FS Credit Real Estate Income Trust, Inc. | ||||||
| Date: April 29, 2022 | By: | /s/ Stephen S. Sypherd | ||||
| Stephen S. Sypherd | ||||||
| Vice President, Treasurer and Secretary | ||||||