06:41 AM EDT, 06/20/2025 (MT Newswires) -- Franklin BSP Realty Trust ( FBRT ) said Friday that its operating FBRT OP operating partnership has issued $107 million worth of unsecured senior notes in a private offering.

The offering consists of $82 million of 8.25% unsecured senior notes due 2030 and $25 million of floating rate unsecured senior notes due 2028, with an initial coupon of about 8.33%, the company said.

The company said it expects to use the net proceeds for general corporate purposes.