Franklin BSP Capital Corp. Files 8-K

TL;DR

Franklin BSP Capital Corp. signed a big deal on 8/30/24. Details TBD.

AI Summary

On August 30, 2024, Franklin BSP Capital Corp. entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement or any associated dollar amounts. The company is incorporated in Delaware and headquartered in New York.

Why It Matters

This 8-K filing indicates a significant event for Franklin BSP Capital Corp., likely a material contract or agreement, which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the nature and terms of this agreement introduces uncertainty.

Key Players & Entities

• Franklin BSP Capital Corp. (company) — Registrant
• August 30, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• New York (location) — Principal Executive Offices City
• 9 West 57th Street, Suite 4920 (address) — Principal Executive Offices

FAQ

Filing Documents

• ea0213722-8k_franklin.htm (8-K) — 43KB
• ea021372201ex10-1_franklin.htm (EX-10.1) — 1143KB
• ex10-1_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-076554.txt ( ) — 1577KB
• bdvc-20240830.xsd (EX-101.SCH) — 3KB
• bdvc-20240830_lab.xml (EX-101.LAB) — 33KB
• bdvc-20240830_pre.xml (EX-101.PRE) — 22KB
• ea0213722-8k_franklin_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On August 30, 2024, FBLC Funding I, LLC (the " Subsidiary "), a wholly-owned, special purpose financing subsidiary of Franklin BSP Capital Corporation (the " Corporation ") entered into Amendment No. 4 (together with any documents executed in connection therewith, " Amendment No. 4 ") to that certain loan and servicing agreement (as amended and together with any other documents executed in connection therewith, 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. Amendment No. 4, among other things, reduces the spread on borrowings under the Amended Credit Facility from 2.75% to 2.15% per annum. The Subsidiary incurred other customary costs and expenses in connection with Amendment No. 4. The foregoing description is only a summary of the material provisions of Amendment No. 4 and is qualified in all respects by the provisions of Amendment No. 4, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Fourth Amendment to Loan and Servicing Agreement, dated as of August 30, 2024, by and among FBLC Funding I, LLC, as the borrower, Franklin BSP Capital Corporation, as the collateral manager, Wells Fargo Bank, National Association, as administrative agent, U.S. Bank National Association, as collateral custodian, U.S. Bank Trust Company, National Association as collateral agent and each of the lenders from time to time party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FRANKLIN BSP CAPITAL CORPORATION Date: September 6, 2024 By: /s/ Nina K. Baryski Name: Nina K. Baryski Title: Chief Financial Officer and Treasurer 2

View Full Filing

View this 8-K filing on SEC EDGAR