Franklin BSP Capital Increases Credit Facility to $400M, Lowers Spread

Franklin BSP Capital Corp's subsidiary, FBLC Funding I, LLC, entered into Amendment No. 5 to its loan and servicing agreement. This amendment increases the credit facility from $300 million to $400 million and reduces the interest spread on borrowings from 2.15% to 1.95% per annum. Additionally, the facility maturity date has been extended from August 25, 2028, to April 10, 2031, and the reinvestment period end date from August 25, 2026, to April 10, 2029. These changes enhance the company's financial flexibility and reduce borrowing costs.