Financing ·
Franklin BSP Capital raises $300M via 7.25% notes due 2029
FRBPFranklin BSP Capital Corp
Franklin BSP Capital Corporation issued $300 million in aggregate principal amount of 7.250% senior unsecured notes maturing October 30, 2029. The securities were sold at 99.355% of par value to qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S. Net proceeds totaled approximately $294.7 million after deducting initial purchaser discounts and offering expenses. Interest is payable semi-annually on April 30 and October 30, commencing April 30, 2027. The company intends to use the net proceeds for general corporate purposes, including repayment of indebtedness.