On October 16, 2026, BrightSpire Capital closed a new collateralized loan obligation (CLO) through its subsidiary BRSP 2026-FL4 Ltd., issuing $954 million in senior secured notes across eight classes and 61,200 preferred shares. The transaction includes AAA-rated Class A ($576M) and Class A-S ($105.6M) notes, with proceeds used to purchase an initial portfolio of commercial real estate collateral interests. Concurrently, the company redeemed its entire outstanding balance of the 2024-FL2 CLO notes and preferred shares using cash on hand, releasing the associated pledged collateral. BrightSpire Capital operates as a commercial real estate finance company that originates and manages debt investments.
