secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001104659-23-108052
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/0001104659-23-108052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000110465923108052/tm2327725d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-108052

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