Benefit Street Partners Announces Closing of a $1.1 Billion CRE CLO

NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C. (“BSP”) today announced the closing of BSPDF 2026-FL6 (“FL6”), a managed Commercial Real Estate Collateralized Loan Obligation totaling approximately $1.1 billion and featuring a 30-month reinvestment period. FL6 has an initial advance rate of 88.25% and a weighted average interest cost of 1M CME Term SOFR+1.77% before accounting for transaction costs. The transaction priced on October 20, 2026. This year, BSP has issued five CRE CLO transactions totaling approximately $5.0 billion.

Jerry Baglien, Head of Real Estate at BSP, commented: “The closing of FL6, the third CLO from our Opportunistic Debt Fund II, reflects the continued momentum across our real estate business and the strength of our financing capabilities. With approximately $5 billion of CRE CLO issuance completed this year, we remain well positioned to deploy capital selectively and pursue compelling opportunities for our investors.”

Wells Fargo Securities, LLC served as sole structuring agent. Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities, LLC and Morgan Stanley & Co. LLC served as co-lead managers and joint bookrunners. Performance Trust Capital Partners, LLC served as co-manager.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Benefit Street Partners

Benefit Street Partners (BSP) is an alternative credit pioneer with $97 billion in assets under management as of August 31, 2026 (including Apera). It seeks to deliver attractive, risk-adjusted returns through its deep specialism, long-term relationships and global reach. A wholly owned subsidiary of Franklin Templeton, BSP is focused on credit. Through its disciplined, solutions-oriented approach, BSP unlocks opportunities across market cycles and geographies. The firm manages strategies spanning direct lending, real estate debt, structured credit, liquid loans and asset backed finance.

For more information, visit bspcredit.com and follow us on LinkedIn.

About Franklin Templeton

Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. With over $1.79 trillion in assets under management as of September 30, 2026, Franklin Templeton operates globally in more than 30 countries.

To learn more, visit franklintempleton.com and follow us on LinkedIn.

Franklin Templeton, Inc. [NYSE: BEN]