Franklin BSP Capital closes $300 million notes offering
FRBP•Franklin BSP Capital closed a $300 million private notes offering carrying a 7.25% annual coupon and maturing October 30, 2029. Issued at 99.36% of par, the notes generated approximately $294.7 million in net proceeds for general corporate purposes, including debt repayment.
1. Notes offering closed
Franklin BSP Capital Corp. closed a $300 million private offering of notes on October 30, 2026. The notes carry a 7.25% annual coupon and mature on October 30, 2029.
2. Proceeds and payments
Issued at 99.36% of par, the notes generated approximately $294.7 million in net proceeds. The company intends to use the proceeds for general corporate purposes, including debt repayment and potentially covering credit facilities. Interest is payable semiannually on April 30 and October 30, beginning April 30, 2027.
