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