secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001213900-24-040485
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/0001213900-24-040485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000121390024040485/ea0205315-8k_franklin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040485

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