---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-101977"
form_type: "8-K"
ticker: null
cik: "0001490927"
company_name: "Franklin BSP Lending Corp"
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T13:20:51.792075+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Lending amends credit facility: maturity extended to 2027, margin reduced to SOFR+2.80%

## Summary
- Maturity of Loan and Security Agreement extended from Aug 2025 to Sept 15, 2027.
- Applicable margin reduced from SOFR+3.00% to SOFR+2.80%, inclusive of admin agent fee.
- Reinvestment period extended to Sept 15, 2026; facility size can be increased up to $800M.
- Unused commitment fee amended from 0.75% to include administrative agent fee.

## SEC filing metadata
- accession: 0001104659-23-101977
- form_type: 8-K
- cik: 0001490927
- company_name: Franklin BSP Lending Corp
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1490927/000110465923101977/0001104659-23-101977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1490927/000110465923101977/tm2326462d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-101977
- JSON: https://secwatch.observer/filing/0001104659-23-101977.json
- Plain text: https://secwatch.observer/filing/0001104659-23-101977.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490927/000110465923101977/0001104659-23-101977-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490927/000110465923101977/0001104659-23-101977-index.htm

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