{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-039192","form_type":"8-K","ticker":"FRBP","cik":"0001825248","company_name":"Franklin BSP Capital Corp","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.434352+00:00","generated_at":"2026-06-03T00:50:06.008410+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Franklin BSP Capital issues $300M of 7.200% Notes due 2029 in private placement","bullets":["$300M aggregate principal, 7.200% coupon, issued at 98.908% par, due June 15, 2029.","Interest payable semi-annually June 15 and Dec 15; first payment Dec 15, 2024.","Net proceeds to repay debt, fund portfolio investments, and general corporate purposes.","Offering expected to close May 6, 2024; registration rights agreement to be executed at closing.","Sold to QIBs via Rule 144A and to non-U.S. persons under Regulation S."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-039192","json":"https://secwatch.observer/filing/0001213900-24-039192.json","markdown":"https://secwatch.observer/filing/0001213900-24-039192.md","text":"https://secwatch.observer/filing/0001213900-24-039192.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825248/000121390024039192/0001213900-24-039192-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825248/000121390024039192/ea0204959-8k_franklin.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:50:06.008410+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":"baf856333eb7309d54496300d0e94e93692bfea5","claim":"Franklin BSP Capital Corp entered into Purchase Agreement with Franklin BSP Capital Adviser L.L.C., Benefit Street Partners L.L.C., J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers named in Schedule A thereto valued at $300 million aggregate principal amount (effective 2024-04-29).","evidence_excerpt":"On April 29, 2024, Franklin BSP Capital Corporation (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) by and among the Company, Franklin BSP Capital Adviser L.L.C. (the “Adviser”), Benefit Street Partners L.L.C. and J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers named in Schedule A thereto (the “Initial Purchasers”), in connection with the issuance and sale of $300 million aggregate principal amount of the Company’s 7.200% Notes due 2029 (the “Notes”) in a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825248/000121390024039192/0001213900-24-039192-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Franklin BSP Capital Adviser L.L.C., Benefit Street Partners L.L.C., J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers named in Schedule A thereto"},{"label":"Value","value":"$300 million aggregate principal amount"},{"label":"Effective","value":"2024-04-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}