Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Franklin BSP Lending Corp amended credit facility with JPMorgan Chase Bank, National Association at SOFR plus 2.80% maturing September 15, 2027.
- Instrument
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association
- Rate
- SOFR plus 2.80%
- Maturity
- September 15, 2027
- Event
- amendment
Exact text from the filing
The Second Amendment, among other things, (1) extends the maturity date of the Loan and Security Agreement from August 28, 2025 to September 15, 2027, (2) changes the applicable margin for advances made to the Subsidiary under the Loan and Security Agreement from SOFR plus 3.00% (subject to further increases consistent with the terms of the Loan and Security Agreement) to SOFR plus 2.80% (subject to further increases consistent with the terms of the Loan and Security Agreement), which is inclusive of an administrative agent fee
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Franklin BSP Lending Corp amended Second Amendment with JPMorgan Chase Bank, National Association, U.S. Bank Trust Company, National Association, and U.S. Bank National Association valued at up to $800,000,000 (effective 2023-09-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association, U.S. Bank Trust Company, National Association, and U.S. Bank National Association
- Value
- up to $800,000,000
- Effective
- 2023-09-15
Exact text from the filing
On September 15, 2023, Franklin BSP Lending Corporation (the “ Corporation ”) and a wholly-owned, consolidated special purpose financing subsidiary of the Corporation, FBLC 57th Street Funding, LLC (the “ Subsidiary ”), entered into a Second Amendment (the “ Second Amendment ”) to the Amended and Restated Loan and Security Agreement, dated as of April 12, 2021, by and among the Corporation, the Subsidiary, JPMorgan Chase Bank, National Association, as administrative agent (“ JPM ”), U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator and U.S. Bank National Association as securities intermediary (as amended and together with the Second Amendment, the “ Loan and Security Agreement ”).
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