debt
confidence high
sentiment neutral
materiality 0.55
Franklin BSP Capital Corp (FRBP): debt financing — Franklin BSP Capital issues $300M of 6.000% notes due 2030
Franklin BSP Capital Corp
- Issued $300M aggregate principal of 6.000% notes maturing Oct 2, 2030; interest payable semi-annually.
- Net proceeds of approximately $294M after discounts and expenses; used to repay debt and for investments.
- Notes are unsecured general obligations, ranking pari passu with other unsecured unsubordinated debt.
- Registration Rights Agreement obligates company to file exchange or shelf registration; failure triggers additional interest.