Franklin BSP Capital to Raise $300 Million Through Private Debt Offering
The proceeds are earmarked for debt repayment and investments aligned with the company’s strategic objectives.
September 30, 2025
Franklin BSP Capital Launches $300 Million Debt Offering with Institutional Backing
Franklin BSP Capital is moving forward with a $300 million private debt raise to support its investment pipeline and refinance outstanding obligations. The new 6.000% notes, due in 2030, are being offered to institutional investors through a syndicate led by J.P. Morgan, BofA Securities, SMBC Nikko, and Wells Fargo.
The terms are straightforward. The notes will be issued at just under par— 98.844% —and carry a fixed interest rate of 6.000%. Payments are scheduled twice a year, with the first due on April 2, 2026. The notes will reach maturity on October 2, 2030. The offering is set to close on that same date, assuming typical conditions are met.
Proceeds from this raise will be deployed for general corporate purposes. That includes repaying existing debt—such as the company’s credit facilities—and deploying capital into new portfolio investments that align with Franklin BSP Capital’s objectives. This structure gives the company the flexibility to strengthen its balance sheet and keep executing on its investment strategy without delay.
The transaction is governed by a standard purchase agreement, which lays out the responsibilities of each party and includes provisions around closing, indemnification, and regulatory compliance. A registration rights agreement is also being put in place to cover the future resale of the notes.
Several of the initial purchasers involved in this deal have an existing relationship with Franklin BSP Capital or its affiliates. That includes advisory and investment banking services, along with other routine business dealings. Disclosures around these relationships were included in the filing.
This raise shows Franklin BSP Capital staying focused on its capital structure and growth goals, while continuing to work with major institutions to keep its financing on track.
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