FS Credit Real Estate Income Trust (FSREI) extends Barclays master repo term

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

FS Credit Real Estate Income Trust, Inc. reported that its indirect special-purpose financing subsidiary, FS CREIT Finance BB-1 LLC, entered into a Tenth Amendment to its Master Repurchase Agreement with Barclays Bank PLC.

The amendment, dated April 21, 2026, extends the agreement’s availability period from February 21, 2028 to February 21, 2029, giving the BB-1 financing vehicle an additional year under the existing repurchase framework. The amendment itself is filed as Exhibit 10.1 to the report and incorporated by reference.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Tenth Amendment date: April 21, 2026 Prior availability period end: February 21, 2028 New availability period end: February 21, 2029

3 metrics

Tenth Amendment date April 21, 2026 Date of Tenth Amendment to Master Repurchase Agreement

Prior availability period end February 21, 2028 Original availability period end date under Master Repurchase Agreement

New availability period end February 21, 2029 Extended availability period end date under Tenth Amendment

Key Terms

Master Repurchase Agreement, availability period, special-purpose financing subsidiary, Emerging growth company

4 terms

Master Repurchase Agreement financial

"entered into a Tenth Amendment to Master Repurchase Agreement, or Tenth Amendment"

A master repurchase agreement is a standardized legal contract that governs repurchase (repo) transactions, where one party sells a security to another with a promise to buy it back later at a set price. Think of it like a short-term, collateralized loan or pawning an item: the security reduces the lender’s risk and the agreement sets the rules, including margin and default procedures. Investors care because these deals affect market liquidity, short-term funding costs and counterparty risk, which can influence asset prices and a firm’s ability to borrow.

availability period financial

"provides for, among other things, an extension of the availability period from February 21, 2028 to February 21, 2029"

special-purpose financing subsidiary financial

"FS CREIT Finance BB-1 LLC, or BB-1, an indirect wholly owned special-purpose financing subsidiary"

Emerging growth company regulatory

"Emerging growth company BB-1 Tenth Amendment to Master Repurchase Agreement"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

04/23/2026 - 04:01 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(D)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 21, 2026

FS Credit Real Estate Income Trust, Inc.

(Exact name of Registrant as specified in its charter)

Maryland

000-56163

81-4446064

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer

Identification No.)

3025 JFK Boulevard, OFC 500

Philadelphia, Pennsylvania

(Address of principal executive offices)

19104

(Zip Code)

Registrant’s telephone number, including area code: (215) 495-1150

None

(Former Name or Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act: None.

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

¨ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01.

Entry into a Material Definitive Agreement.

BB-1 Tenth Amendment to Master Repurchase Agreement

On April 21, 2026, FS CREIT Finance BB-1 LLC, or BB-1, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., or the Company, entered into a Tenth Amendment to Master Repurchase Agreement, or Tenth Amendment, amending that certain Master Repurchase Agreement dated as of February 22, 2021 with Barclays Bank PLC, or Barclays, as purchaser. The Tenth Amendment provides for, among other things, an extension of the availability period from February 21, 2028 to February 21, 2029.

The Tenth Amendment 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		Tenth Amendment to Master Repurchase Agreement, dated as of April 21, 2026, between FS CREIT Finance BB-1 LLC and Barclays Bank PLC.
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 23, 2026	By:	/s/Stephen Sypherd
		Stephen S. Sypherd
		Vice President, Treasurer and Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What did FSREI change in its Master Repurchase Agreement with Barclays?

FS Credit Real Estate Income Trust, Inc. indirectly amended its Master Repurchase Agreement through FS CREIT Finance BB-1 LLC. The Tenth Amendment extends the availability period by one year, from February 21, 2028 to February 21, 2029, under the existing structure.

Who are the parties to FSREI’s Tenth Amendment to the Master Repurchase Agreement?

The Tenth Amendment is between FS CREIT Finance BB-1 LLC, an indirect special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., and Barclays Bank PLC as purchaser. This maintains Barclays as the counterparty to the Master Repurchase Agreement framework.

What is FS CREIT Finance BB-1 LLC in relation to FSREI?

FS CREIT Finance BB-1 LLC is described as an indirect, wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc. It is the entity that entered into the Tenth Amendment with Barclays Bank PLC under the Master Repurchase Agreement.

How long is the availability period under FSREI’s amended Master Repurchase Agreement?

Under the Tenth Amendment, the availability period now runs until February 21, 2029. Previously, it was scheduled to end on February 21, 2028, so the amendment effectively provides an additional year of availability under the repurchase arrangement.

Does FS Credit Real Estate Income Trust, Inc. have securities listed on an exchange?

The report states that there are no securities registered under Section 12(b) of the Exchange Act, and the table lists the title of each class, trading symbol, and exchange as N/A. This indicates no exchange-listed securities are reported there.

Where can investors find the full text of FSREI’s Tenth Amendment with Barclays?

The Tenth Amendment to the Master Repurchase Agreement is filed as Exhibit 10.1. The report notes that this agreement is incorporated by reference, so the full contractual terms appear in that attached exhibit within the same report.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 30.0 KB