Nina Baryski resigned as Chief Financial Officer and Treasurer (principal financial officer and principal accounting officer) at Franklin BSP Capital Corp.
“On May 6, 2026, Nina Baryski notified the Board of Directors of Franklin BSP Capital Corporation (the “Company”) of her resignation as the Company’s Chief Financial Officer and Treasurer (principal financial officer and principal accounting officer), effective as of the close of business on July 27, 2026 to pursue another professional opportunity.”
Material Agreements
Franklin BSP Capital Corp amended Amendment No. 5 with Wells Fargo Bank, National Association, U.S. Bank National Association, U.S. Bank Trust Company, National Association valued at $400,000,000 (effective 2026-04-10).
“On April 10, 2026, FBLC Funding I, LLC (the “Subsidiary”), a wholly-owned, special purpose financing subsidiary of Franklin BSP Capital Corporation (the “Corporation”) entered into Amendment No. 5 (together with any documents executed in connection therewith, “Amendment No. 5”) to that certain loan and servicing agreement (as amended and together with any other documents executed in connection therewith, the “Amended Credit Facility”; capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Amended Credit Facility), initially entered into as of August 28, 2020, by and among the Corporation, the Subsidiary, Wells Fargo Bank, National Association, as administrative agent and lender, U.S. Bank National Association as collateral custodian and U.S. Bank Trust Company, National Association, as collateral agent.”
Debt Financings
Franklin BSP Capital Corp amended credit facility of $400,000,000 with Wells Fargo Bank, National Association at reduces the spread on borrowings under the Amended Credit Facility from 2.15% to maturing April 10, 2031.
“Amendment No. 5, among other things, (i) increases the Facility Amount under the Amended Credit Facility from $300,000,000 to $400,000,000, (ii) reduces the spread on borrowings under the Amended Credit Facility from 2.15% to 1.95% per annum, (iii) extends the Facility Maturity Date under the Amended Credit Facility from August 25, 2028 to April 10, 2031 and (iv) extends the Reinvestment Period End Date under the Amended Credit Facility from August 25, 2026 to April 10, 2029.”
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 6.000% per year maturing October 2, 2030.
“The Fourth Supplemental Indenture relates to the Company’s issuance of $300,000,000 aggregate principal amount of its 6.000% notes due 2030”
Debt Financings
Franklin BSP Capital Corp amended credit facility of $1,050.0 million with JPMorgan Chase Bank, National Association at 2.15%.
“The Second Amendment, among other things, (i) increases the Facility Commitments from $800.0 million to $1,050.0 million and (ii) reduces the Applicable Margin from 2.25% to 2.15%.”
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.
“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”).”
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).
“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.”
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).
“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”).”
Material Agreements
Franklin BSP Capital Corp entered into Purchase Agreement with Franklin BSP Capital Adviser L.L.C., Benefit Street Partners L.L.C., J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers named in Schedule A thereto valued at $300 million aggregate principal amount (effective 2024-04-29).
“On April 29, 2024, Franklin BSP Capital Corporation (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) by and among the Company, Franklin BSP Capital Adviser L.L.C. (the “Adviser”), Benefit Street Partners L.L.C. and J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC, as representatives of the several initial purchasers named in Schedule A thereto (the “Initial Purchasers”), in connection with the issuance and sale of $300 million aggregate principal amount of the Company’s 7.200% Notes due 2029 (the “Notes”) in a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.”
M&A Transactions
Franklin BSP Capital Corp completed an acquisition involving Franklin BSP Lending Corporation for 0.4647 shares of common stock, par value $0.001 per share, of the Company (closed 2024-01-24).
“with the terms of the Merger Agreement, at the effective time of the Initial Merger, each outstanding share of FBLC’s common stock was converted into the right to receive 0.4647 shares of common stock, par value $0.001 per share, of the Company. As a result, the Company issued an aggregate of approximately 110.0 million shares of its common stock to”
Shareholder Votes
Franklin BSP Capital Corp shareholders approved Approval of amended and restated investment advisory agreement in connection with merger at the 2023-12-19 meeting.
“Stockholders approved an amended and restated investment advisory agreement (the “Amended and Restated Advisory Agreement”) between FBCC and Franklin BSP Capital Adviser L.L.C., a Delaware limited liability company and the external investment adviser to FBCC (“FBCA”), pursuant to the Agreement and Plan of Merger, dated as of October 2, 2023 (the “Merger Agreement”), by and among FBCC, Franklin BSP Lending Corporation, a Maryland corporation (“FBLC”), Franklin BSP Merger Sub, Inc., a Maryland corporation and a direct wholly-owned subsidiary of FBCC, and, solely for the limited purposes set forth therein, FBCA, based on the following votes: Votes For Votes Against Abstain 12,380,098 288,781 317,036”
Debt Financings
Franklin BSP Capital Corp incurred credit facility of $400.0 million with JPMorgan Chase Bank, National Association, as administrative agent at benchmark rate, currently SOFR, plus a margin of 2.75% per annum maturing October 4, 2027.
“On October 4, 2023, Franklin BSP Capital Corporation (the “Corporation”) refinanced the $400.0 million credit facility”
Material Agreements
Franklin BSP Capital Corp entered into JPM Credit Facility with JPMorgan Chase Bank, National Association valued at $400,000,000 (effective 2023-10-04).
“On October 4, 2023, Franklin BSP Capital Corporation (the “Corporation”) refinanced the $400.0 million credit facility that it had entered into with its wholly-owned, consolidated special purpose financing subsidiary, FBCC Funding I, LLC, Franklin BSP Capital Adviser L.L.C., the lenders party thereto, Morgan Stanley Asset Funding, Inc., as administrative agent, and U.S. Bank National Association (“U.S. Bank”), as collateral agent, account bank and collateral custodian, with a $400.0 million credit facility with FBCC Jupiter Funding, LLC, a wholly-owned, consolidated special purpose financing subsidiary of the Corporation, as borrower (“Jupiter Funding”), Franklin BSP Capital Adviser, L.L.C., as portfolio manager, the lenders party thereto, U.S. Bank, as securities intermediary, U.S. Bank Trust Company, National Association as collateral administrator and collateral agent, and JPMorgan Chase Bank, National Association, as administrative agent (the “JPM Credit Facility”).”
Material Agreements
Franklin BSP Capital Corp entered into Agreement and Plan of Merger with Franklin BSP Lending Corporation, Franklin BSP Merger Sub, Inc., and Franklin BSP Capital Adviser L.L.C. (effective 2023-10-02).
“On October 2, 2023, Franklin BSP Capital Corporation, a Delaware corporation (“FBCC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Franklin BSP Lending Corporation, a Maryland corporation (“FBLC” and together with FBCC, the “Funds” and each a “Fund”), Franklin BSP Merger Sub, Inc., a Maryland corporation and a direct wholly-owned subsidiary of FBCC (“Merger Sub”), and, solely for the limited purposes set forth therein, Franklin BSP Capital Adviser L.L.C. (“FBCA”), a Delaware limited liability company and the external investment adviser to FBCC.”
Shareholder Votes
Franklin BSP Capital Corp shareholders approved Ratification of selection of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-23 meeting.
“The proposal to ratify the selection of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved. The following votes were taken in connection with this proposal: Votes For Votes Against Abstain 13,111,166 90,278 255,550”
Shareholder Votes
Franklin BSP Capital Corp shareholders approved Election of Class III directors: Ronald J. Kramer and Leslie D. Michelson at the 2023-06-23 meeting.
“The Company’s stockholders elected two Class III directors of the Company, Ronald J. Kramer and Leslie D. Michelson, each to serve as a director until the 2026 Annual Meeting and until his successor is duly elected and qualifies. The following votes were taken in connection with this proposal: Election of Director Ronald J. Kramer: Votes For Votes Against Abstain 12,630,136 108,294 718,564 Election of Director Leslie D. Michelson: Votes For Votes Against Abstain 12,627,132 115,902 713,960”
Material Agreements
Franklin BSP Capital Corp amended MS Subscription Facility with Morgan Stanley Asset Funding, Inc., Morgan Stanley Bank, N.A. valued at from $44.5 million to $25.5 million (effective 2022-12-09).
“the “ Corporation ”), pursuant to the terms of its revolving credit facility (the “ MS Subscription Facility ”) with Morgan Stanley Asset Funding, Inc., as administrative agent and sole lead arranger, and Morgan Stanley Bank, N.A., as the letter”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.