---
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"
generated_at: "2026-06-10T02:43:50.997182+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Capital refinances $400M credit facility with JPMorgan-led facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108052
- JSON: https://secwatch.observer/filing/0001104659-23-108052.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108052.txt

## Key facts
- Debt Financings
  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
  source text: On October 4, 2023, Franklin BSP Capital Corporation (the “Corporation”) refinanced the $400.0 million credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/0001104659-23-108052-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/0001104659-23-108052-index.htm

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