secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001213900-25-000574
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Capital subsidiary ups credit facility to $800M, extends to 2029, reduces margin to 2.25%
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- FBCC Jupiter Funding entered First Amendment increasing facility commitments from $400M to $800M.
- Reinvestment period extended from Oct 2026 to Oct 2028; termination date extended to Oct 2029.
- Applicable margin reduced from 2.55% to 2.25%; commitment increase option raised to $1.05B.
- Concurrent merger: FBLC 57th Street Funding rolled into FBCC Jupiter; $325.7M outstanding assumed on cashless basis.
- Amendment consolidates two credit facilities into one larger, lower-cost facility for the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000121390025000574/0001213900-25-000574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000121390025000574/ea0226348-8k_frank.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-000574

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