Franklin BSP Capital raises $27.5M via Series A Convertible Preferred Stock

Franklin BSP Capital Corp

Raised ~$27.5M in new capital commitments via private placement of Series A Convertible Preferred Stock.
Liquidation preference of $1,000 per share; dividends payable quarterly, initially linked to common dividends.
Conversion: Company can convert all or portion upon Liquidity Event (IPO, merger, asset sale); holders can convert six months post-event.
Redemption: Company or holders may redeem after August 23, 2029 at $1,000 per share on 90 days' notice.
Preferred stock ranks senior to common on liquidation and dividends; holders vote with common on as-converted basis.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.