other material
confidence high
sentiment neutral
materiality 0.65
Franklin BSP Capital secures $50M in Series A Convertible Preferred commitments
Franklin BSP Capital Corp
- Total commitments of approx. $50M from accredited investors for Series A Convertible Preferred Stock.
- Shares priced at $1,000 liquidation preference; drawdowns require 10 business days' notice.
- Issuance exempt from SEC registration under Section 4(a)(2) and Regulation D.
- Company relies on investor representations of accredited investor status.