Recent Updates — FRBP

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.

Franklin BSP Capital Corporation appointed Kathleen Oates as its new Chief Accounting Officer, Principal Financial Officer, and Principal Accounting Officer, effective July 27, 2026. This appointment coincides with the departure of Nina Baryski from these roles. Ms. Oates is an Executive Director at Benefit Street Partners L.L.C., a CPA, and previously served as a Senior Manager at PricewaterhouseCoopers. The company operates in the financial services industry, specifically as a business development company focused on lending to middle-market companies.