FS Credit Real Estate Income Trust Inc. on Dec. 5 raised about $327.7 million in debt financing through the closing of a collateralized loan obligation issuance.

The notes offered in the CLO were issued through unit FS Rialto Sub-REIT LLC and its units FS Rialto 2019-FL1 Issuer Ltd. and FS Rialto 2019-FL1 Co-Issuer LLC. Seven classes of notes were issued on the closing date of the CLO issuance.

A total of 45,288.127 preferred shares, with a liquidation preference of $1,000 per share, were issued concurrent with the issuance of the notes.