FS Credit Real Estate Income Trust (FSREI) extends BMO repurchase facility to 2028

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 BMO-1 LLC, entered into a Fifth Amendment to its Master Repurchase Agreement with Bank of Montreal.

The amendment extends the facility’s availability period from April 16, 2027 to April 17, 2028, giving the subsidiary an additional year to utilize the repurchase arrangement under the existing structure.

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

Original availability end date: April 16, 2027 New availability end date: April 17, 2028 Amendment date: April 29, 2026

3 metrics

Original availability end date April 16, 2027 Prior end of availability period under Master Repurchase Agreement

New availability end date April 17, 2028 Extended availability period under Fifth Amendment

Amendment date April 29, 2026 Date of Fifth Amendment to Master Repurchase Agreement

Key Terms

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

4 terms

Master Repurchase Agreement financial

"entered into a Fifth Amendment to Master Repurchase Agreement, or Fifth Amendment, amending that certain Master Repurchase Agreement dated as of March 3, 2023"

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.

special-purpose financing subsidiary financial

"FS CREIT Finance BMO-1 LLC, or BMO-1, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc."

availability period financial

"The Fifth Amendment provides for, among other things, an extension of the availability period from April 16, 2027 to April 17, 2028."

Emerging growth company regulatory

"Emerging growth company BMO-1 Fifth 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 →

04/30/2026 - 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 29, 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.

BMO-1 Fifth Amendment to Master Repurchase Agreement

On April 29, 2026, FS CREIT Finance BMO-1 LLC, or BMO-1, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., or the Company, entered into a Fifth Amendment to Master Repurchase Agreement, or Fifth Amendment, amending that certain Master Repurchase Agreement dated as of March 3, 2023 with Bank of Montreal, or BMO, as purchaser. The Fifth Amendment provides for, among other things, an extension of the availability period from April 16, 2027 to April 17, 2028.

The Fifth 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		Fifth Amendment to Master Repurchase Agreement, dated as of April 29, 2026, between FS CREIT Finance BMO-1 LLC and Bank of Montreal.
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 30, 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 agreement with Bank of Montreal?

FS Credit Real Estate Income Trust, Inc. extended the availability period of its Master Repurchase Agreement, through subsidiary FS CREIT Finance BMO-1 LLC, with Bank of Montreal from April 16, 2027 to April 17, 2028, keeping the same financing framework in place longer.

Who is the counterparty to FSREI’s Master Repurchase Agreement?

The counterparty is Bank of Montreal. FS CREIT Finance BMO-1 LLC, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., is party to the Master Repurchase Agreement and its Fifth Amendment with Bank of Montreal as purchaser.

What is the role of FS CREIT Finance BMO-1 LLC for FSREI?

FS CREIT Finance BMO-1 LLC is an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc. It is the entity that entered into the Master Repurchase Agreement and the Fifth Amendment with Bank of Montreal for structured financing purposes.

When does the amended availability period under FSREI’s repurchase facility end?

Under the Fifth Amendment to the Master Repurchase Agreement, the availability period now ends on April 17, 2028. Previously, it was scheduled to end on April 16, 2027, so the amendment provides an additional year of availability for the financing arrangement.

Where can investors find the full text of FSREI’s Fifth Amendment?

The full text of the Fifth Amendment to the Master Repurchase Agreement, dated April 29, 2026 between FS CREIT Finance BMO-1 LLC and Bank of Montreal, is filed as Exhibit 10.1 to the Form 8-K and is incorporated by reference into the disclosure.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 492.5 KB