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 Capital Corp incurred credit facility of $400.0 million with JPMorgan Chase Bank, National Association, as administrative agent at benchmark rate, currently SOFR, plus a margin of 2.75% per annum maturing October 4, 2027.
- Instrument
- credit facility
- Principal
- $400.0 million
- Counterparty
- JPMorgan Chase Bank, National Association, as administrative agent
- Rate
- benchmark rate, currently SOFR, plus a margin of 2.75% per annum
- Maturity
- October 4, 2027
- Event
- incurrence
Exact text from the filing
On October 4, 2023, Franklin BSP Capital Corporation (the “Corporation”) refinanced the $400.0 million credit facility
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Franklin BSP Capital Corp entered into JPM Credit Facility with JPMorgan Chase Bank, National Association valued at $400,000,000 (effective 2023-10-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association
- Value
- $400,000,000
- Effective
- 2023-10-04
Exact text from the filing
On October 4, 2023, Franklin BSP Capital Corporation (the “Corporation”) refinanced the $400.0 million credit facility that it had entered into with its wholly-owned, consolidated special purpose financing subsidiary, FBCC Funding I, LLC, Franklin BSP Capital Adviser L.L.C., the lenders party thereto, Morgan Stanley Asset Funding, Inc., as administrative agent, and U.S. Bank National Association (“U.S. Bank”), as collateral agent, account bank and collateral custodian, with a $400.0 million credit facility with FBCC Jupiter Funding, LLC, a wholly-owned, consolidated special purpose financing subsidiary of the Corporation, as borrower (“Jupiter Funding”), Franklin BSP Capital Adviser, L.L.C., as portfolio manager, the lenders party thereto, U.S. Bank, as securities intermediary, U.S. Bank Trust Company, National Association as collateral administrator and collateral agent, and JPMorgan Chase Bank, National Association, as administrative agent (the “JPM Credit Facility”).
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