Tender Offer - Franklin BSP Private Credit Fund

Form Type: N-23C3A

Filing Date: 2025-03-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000113322825001937

Filing Summary: Franklin BSP Private Credit Fund is announcing a quarterly repurchase offer for its shares, providing shareholders with liquidity as there is no secondary market for the shares. The repurchase offer will begin on March 3, 2025, and end on March 24, 2025. The Fund aims to repurchase up to five percent of its outstanding shares at their net asset value (NAV) as determined on the Repurchase Pricing Date, which will be March 24, 2025. For purchases of $250,000 or more, Class A shareholders tendering shares held for less than 365 days may incur a contingent deferred sales charge of 1.00%. Shareholders are encouraged to submit their repurchase requests through their financial professionals, and all requests must be received by 4:00 p.m. Eastern Time on the deadline. If the tendered shares exceed the five percent limit, repurchases will be conducted on a pro rata basis, prioritizing those who own fewer than 100 shares. The Fund reserves the right to reject any tenders and outlines specific conditions under which the offer may be suspended or postponed. Tax implications for shareholders participating in the repurchase are also discussed, indicating that tendering shares may result in taxable events.