M&A: Franklin BSP Capital Corp

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000121390025000574

Comments: On December 27, 2024, FBCC Jupiter Funding, LLC, a wholly-owned subsidiary of Franklin BSP Capital Corporation, entered into the First Amendment to the Loan and Security Agreement, amending key financing terms including extending the Reinvestment Period to October 2028, increasing total Financing Commitments to $1,050 million, raising Facility Commitments to $800 million, extending the Scheduled Termination Date to October 2029, and reducing the Applicable Margin to 2.25%. Concurrently, FBLC 57th Street Funding LLC merged with and into FBCC Jupiter, with FBCC Jupiter surviving the Merger, leading to the termination of a prior Loan and Security Agreement with 57th Street and transferring obligations to the FBCC Jupiter Facility.

Document Link: View Document

Additional details:

Entry Into Material Definitive Agreement Date: 2024-12-27


Merger Date: 2024-12-27


Financing Commitments Increase: up to $1,050.0 million


Scheduled Termination Date Extension: October 2029


Applicable Margin Reduction: 2.25%


Reinvestment Period Extension: October 2028