---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040485"
form_type: "8-K"
ticker: "FRBP"
cik: "0001825248"
company_name: "Franklin BSP Capital Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:50:31.234756+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Franklin BSP Capital issues $300M of 7.200% notes due 2029, net proceeds ~$293M

## Summary
- Issued $300M aggregate principal of 7.200% notes maturing June 15, 2029; interest payable semi-annually.
- Net proceeds of ~$293M after discounts and expenses; used to repay debt, fund investments, and general corporate purposes.
- Notes are unsecured and rank pari passu with existing unsecured unsubordinated indebtedness.
- Company entered Registration Rights Agreement obligating it to file a registered exchange offer or shelf registration.
- Covenants include maintaining asset coverage under the Investment Company Act and providing financial info if reporting requirements lapse.

## SEC filing metadata
- accession: 0001213900-24-040485
- form_type: 8-K
- ticker: FRBP
- cik: 0001825248
- company_name: Franklin BSP Capital Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/0001213900-24-040485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/ea0205315-8k_franklin.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040485
- JSON: https://secwatch.observer/filing/0001213900-24-040485.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040485.txt

## Key facts
- Debt Financings
  Franklin BSP Capital Corp incurred senior notes of $300,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.200% per year maturing June 15, 2029.
  - Instrument: senior notes
  - Principal: $300,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.200% per year
  - Maturity: June 15, 2029
  - Event: incurrence
  source text: The Third Supplemental Indenture relates to the Company’s issuance of $300,000,000 aggregate principal amount of its 7.200% notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/0001213900-24-040485-index.htm
- Material Agreements
  Franklin BSP Capital Corp entered into Third Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $300,000,000 aggregate principal amount (effective 2024-05-06).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $300,000,000 aggregate principal amount
  - Effective: 2024-05-06
  source text: On May 6, 2024, Franklin BSP Capital Corporation (the “Company”) and U.S. Bank Trust Company, National Association (the “Trustee”) entered into a Third Supplemental Indenture (the “Third Supplemental Indenture”) to the Indenture, dated as of March 29, 2021, between the Company and the Trustee (the “Base Indenture” and, together with the Third Supplemental Indenture, the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/0001213900-24-040485-index.htm
- Material Agreements
  Franklin BSP Capital Corp entered into Registration Rights Agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC (effective 2024-05-06).
  - Action: entry
  - Counterparty: J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC
  - Effective: 2024-05-06
  source text: In connection with the Notes Offering, the Company entered into a Registration Rights Agreement, dated as of May 6, 2024 (the “Registration Rights Agreement”), with J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as the representatives of the initial purchasers of the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/0001213900-24-040485-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.