debt
confidence high
sentiment neutral
materiality 0.55
Franklin BSP Capital prices $100M add-on of 7.200% notes due 2029
Franklin BSP Capital Corp
- Priced $100M aggregate principal of 7.200% notes due 2029 in private placement to QIBs and non-U.S. persons.
- New Notes are additional to $300M existing notes of same series; maturity June 15, 2029.
- Offering expected to close October 29, 2024, subject to customary closing conditions.
- Net proceeds for general corporate purposes, including repayment of indebtedness.
- Notes not registered under Securities Act; restricted from U.S. public offering.