---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-037793"
form_type: "8-K"
ticker: "FRBP"
cik: "0001825248"
company_name: "Franklin BSP Capital Corp"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:20:53.009759+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-037793
- form_type: 8-K
- ticker: FRBP
- cik: 0001825248
- company_name: Franklin BSP Capital Corp
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825248/000110465923037793/0001104659-23-037793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825248/000110465923037793/tm2310802d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-037793
- JSON: https://secwatch.observer/filing/0001104659-23-037793.json
- Plain text: https://secwatch.observer/filing/0001104659-23-037793.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.