secwatch / observer
8-K filed December 14, 2023, 6:59 PM ET CIK 0001490927
debt confidence high sentiment positive materiality 0.70

Franklin BSP Lending Corp: debt financing — Franklin BSP Lending amends credit facility to $505M, extends maturity to 2028

Franklin BSP Lending Corp

Key facts

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 Lending Corp amended revolving credit of $505.0 million with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent maturing December 8, 2028.

Instrument
revolving credit
Principal
$505.0 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent
Maturity
December 8, 2028
Event
amendment
Exact text from the filing
amended and restated agreement, the “A&R Credit Facility”). The A&R Credit Facility, among other things, increases the aggregate amount of the lenders’ commitments to $505.0 million, extends the period for borrowings under the A&R Credit Facility through December 8, 2027 and extends the maturity date for any amounts borrowed under the A&R Credit Facility to
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Franklin BSP Lending Corp amended A&R Credit Facility with JPMorgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation, Wells Fargo Bank, National Association valued at $505.0 million (effective 2023-12-08).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation, Wells Fargo Bank, National Association
Value
$505.0 million
Effective
2023-12-08
Exact text from the filing
On December 8, 2023, Franklin BSP Lending Corporation (the “Corporation”) amended and restated its revolving credit facility, dated as of June 10, 2022 (the “Original Credit Facility”), with the lenders parties thereto, JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent and as collateral agent, Sumitomo Mitsui Banking Corporation (“Sumitomo”) and Wells Fargo Bank, National Association, as syndication agents, and JPMorgan, Sumitomo and Wells Fargo Securities, LLC as joint bookrunners and joint lead arrangers (such amended and restated agreement, the “A&R Credit Facility”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-125916
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