Franklin BSP Capital Corporation (FBCC) announced that it has priced an offering of $300 million in aggregate principal amount of 7.200% notes due 2029. The notes will mature on June 15, 2029, and may be redeemed in whole or in part at FBCC?s option at any time at par plus a make-whole premium, if applicable. The offering is subject to customary closing conditions and is expected to close on or about May 6, 2024.

FBCC expects to use the net proceeds of the offering to repay indebtedness, make investments in portfolio companies in accordance with its investment objectives, and for general corporate purposes. Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The notes offered have not been registered under the Securities Act of 1933, as amended (the ?Securities Act?), or any state securities laws.

The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered, by the initial purchasers, only to persons reasonably believed to be ?qualified institutional buyers? in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulations under the Securities Act.