Franklin BSP Capital Corporation Completes $300 Million Notes Offering
Simpson Thacher represented Franklin BSP Capital Corporation (the “Fund”) in its Rule 144A/Regulation S offering of $300.0 million aggregate principal amount of its 7.250% Notes due 2029. The Fund intends to use the net proceeds from the offering for general corporate purposes, including the repayment of outstanding indebtedness and investments in portfolio companies in accordance with its investment objectives. The transaction closed on October 30, 2026.
The Fund is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Fund’s investment objective is to generate both current income and capital appreciation through debt and equity investments.
Franklin BSP Capital Adviser L.L.C., an affiliate of Benefit Street Partners L.L.C., is the Fund’s investment adviser.
The Simpson Thacher team included Steven Grigoriou, Jonathan Pacheco, Chandler Foust, Caitlynn Corie and Yiran Wang (Registered Funds); and Jonathan Cantor (Tax).