secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001213900-24-039192
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Capital issues $300M of 7.200% Notes due 2029 in private placement
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000121390024039192/0001213900-24-039192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000121390024039192/ea0204959-8k_franklin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-039192

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