{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-108052","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2023-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.773410+00:00","generated_at":"2026-06-10T02:43:50.997182+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Franklin BSP Capital refinances $400M credit facility with JPMorgan-led facility","bullets":["New $400M credit facility via wholly-owned subsidiary FBCC Jupiter Funding LLC, maturing October 2027.","Borrowings bear interest at benchmark rate (SOFR) + 2.75% per annum, payable quarterly in arrears.","Non-usage fee of 0.75% on undrawn commitments; upfront fees and customary costs incurred.","Facility secured by substantially all assets of Jupiter Funding, non-recourse to the Corporation.","Replaces prior $400M facility with Morgan Stanley; new facility ends October 2026 borrowing period."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-108052","json":"https://secwatch.observer/filing/0001104659-23-108052.json","markdown":"https://secwatch.observer/filing/0001104659-23-108052.md","text":"https://secwatch.observer/filing/0001104659-23-108052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/0001104659-23-108052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/tm2327725d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T02:43:50.997182+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"636f2cae4f4544fd67e15f32803695d7c226e7ad","claim":"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.","evidence_excerpt":"On October 4, 2023, Franklin BSP Capital Corporation (the “Corporation”) refinanced the $400.0 million credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/0001104659-23-108052-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$400.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association, as administrative agent"},{"label":"Rate","value":"benchmark rate, currently SOFR, plus a margin of 2.75% per annum"},{"label":"Maturity","value":"October 4, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8dadad94f88435d96b74cbdba1e54da21d5874d4","claim":"Franklin BSP Capital Corp entered into JPM Credit Facility with JPMorgan Chase Bank, National Association valued at $400,000,000 (effective 2023-10-04).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/0001104659-23-108052-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association"},{"label":"Value","value":"$400,000,000"},{"label":"Effective","value":"2023-10-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}