Franklin BSP Capital issues $49.4M in common and preferred stock via drawdowns

Franklin BSP Capital Corp

Issued 532,871 shares of common stock and 41,353 shares of Series A convertible preferred stock on March 27, 2023.
Aggregate offering price of approximately $49.4 million from drawdowns under existing subscription agreements.
Preferred stock liquidation preference is $1,000 per share; convertible at company's option into 66.01 common shares per preferred share.
Conversion rate based on common price of $15.15; investor optional conversion begins six months after a liquidity event.
Sales exempt under Section 4(a)(2) and Regulation D; all investors represented as accredited.

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