debt
confidence high
sentiment neutral
materiality 0.55
Franklin BSP Capital Corp. increases credit facility to $400M with 2.50% spread
Franklin BSP Capital Corp
- Maximum borrowings under amended facility increased to $400M from $300M on a committed basis.
- Spread on borrowings amended to 2.50% per annum.
- Fourth Amendment executed by wholly-owned subsidiary FBCC Lending I, LLC as borrower.
- Upfront fee and customary costs paid; conditions precedent include legal opinion and resolutions.