Franklin BSP Capital Corporation Raises $300 Million in Private Offering of 6% Notes Due 2030

"Simpson Thacher advised Franklin BSP Capital Corporation in a private offering of $300 million in 6.000% Notes due 2030, which closed on October 2, 2025. The proceeds will be used to reduce the Fund's outstanding debt. The Fund is a closed-end management investment company focused on generating income and capital appreciation through various investments."

Simpson Thacher represented Franklin BSP Capital Corporation in its recent private offering of $300.0 million aggregate principal amount of 6.000% Notes due 2030. The Fund plans to utilize the net proceeds from this offering to reduce a portion of its outstanding indebtedness. The transaction was successfully closed on October 2, 2025. The Fund is an externally managed, non-diversified, closed-end management investment company that has opted to be regulated as a business development company under the Investment Company Act of 1940. Its investment objective focuses on generating both current income and capital appreciation through various debt and equity investments. Franklin BSP Capital Adviser L.L.C., an affiliate of Benefit Street Partners L.L.C., serves as the Fund’s investment adviser. The Simpson Thacher team involved in this transaction included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Max Jiang, and Adriana Hong, all from the Registered Funds practice area, as well as Jonathan Cantor and Michael Slomovics from the Tax practice area.

Franklin BSP Capital Corporation Raises $300 Million in Private Offering of 6% Notes Due 2030

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