{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-081185","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2023-10-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.773137+00:00","generated_at":"2026-06-10T03:35:44.981824+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"FBCC to acquire FBLC in all-stock merger; combined assets ~$3.9B, close H1 2024","bullets":["Exchange ratio based on NAV; illustrative 0.4631 FBCC shares per FBLC share (June 30 NAV).","Pro forma ownership: 19.2% current FBCC holders, 80.8% current FBLC holders.","Combined company assets ~$3.9B, net assets ~$2.1B, portfolio ~$3.7B (~97% senior secured).","Amended advisory agreement raises base fee to 1.50% of gross assets; incentive fees to 17.5%.","Transaction expected first half 2024, subject to stockholder and regulatory approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-081185","json":"https://secwatch.observer/filing/0001213900-23-081185.json","markdown":"https://secwatch.observer/filing/0001213900-23-081185.md","text":"https://secwatch.observer/filing/0001213900-23-081185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000121390023081185/0001213900-23-081185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000121390023081185/ea186277-8k425_franklin.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:35:44.981824+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":"34829ab8af9e1b6c03a0e8e955d49bf257b39d1b","claim":"Franklin BSP Capital Corp entered into Agreement and Plan of Merger with Franklin BSP Lending Corporation, Franklin BSP Merger Sub, Inc., and Franklin BSP Capital Adviser L.L.C. (effective 2023-10-02).","evidence_excerpt":"On October 2, 2023, Franklin BSP Capital Corporation, a Delaware corporation (“FBCC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Franklin BSP Lending Corporation, a Maryland corporation (“FBLC” and together with FBCC, the “Funds” and each a “Fund”), Franklin BSP Merger Sub, Inc., a Maryland corporation and a direct wholly-owned subsidiary of FBCC (“Merger Sub”), and, solely for the limited purposes set forth therein, Franklin BSP Capital Adviser L.L.C. (“FBCA”), a Delaware limited liability company and the external investment adviser to FBCC.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825248/000121390023081185/0001213900-23-081185-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Franklin BSP Lending Corporation, Franklin BSP Merger Sub, Inc., and Franklin BSP Capital Adviser L.L.C."},{"label":"Effective","value":"2023-10-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}