FRBP
FRANKLIN BSP CAP CORP10.25
+1.05+11.4%
May 30, 9:55:45 AM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.38BP/E (TTM)
20.92Basic EPS (TTM)
0.49Dividend Yield
0%Recent Filings
10-Q
8-K
Franklin BSP issues $300M notes
Franklin BSP Capital Corporation entered a purchase agreement on September 25, 2025, to issue $300 million in 6.000% Notes due 2030 at 98.844% of par, with semi-annual interest starting April 2, 2026, and closing expected October 2, 2025. Net proceeds will repay indebtedness, including credit facilities, while funding investments in portfolio companies. This bolsters liquidity for the business development company's lending operations. Yet risks lurk in market volatility.
10-Q
Q2 FY2025 results
Franklin BSP Capital Corporation's Q2 FY2025 10-Q shows stable investment income of $103.4M, down slightly from $104.6M YoY due to lower SOFR rates, but up 5% YoY to $210.9M for H1 FY2025 from $201.2M, driven by the FBLC merger. Net investment income fell to $39.6M from $48.7M YoY amid higher expenses, primarily interest costs rising to $34.9M from $28.3M due to increased borrowings post-merger. The portfolio remains focused on senior secured loans (76.3% at fair value), with net investments up $132.4M in H1. NAV per share dipped to $13.79 from $14.10 YoY, reflecting distributions and unrealized losses. Debt stands at $2.3B with 178% asset coverage, supporting liquidity for $623M unfunded commitments. Non-GAAP adjusted NII was $39.1M for Q2, excluding merger-related premium amortization.
8-K
Facility upsized to $1.05B
Franklin BSP Capital Corporation's subsidiary FBCC Jupiter Funding amended its loan facility on June 30, 2025, boosting commitments from $800 million to $1.05 billion while trimming the margin to 2.15% from 2.25%. This expansion bolsters funding for portfolio investments, easing liquidity constraints amid market volatility. Lenders gain a modest cost reduction. Yet risks linger if asset values dip.
8-K
Stockholders approve director elections, share issuance
Franklin BSP Capital Corporation reconvened its annual stockholder meeting on June 23, 2025, electing Edward G. Rendell as Class II director by common and preferred stockholders with 65.9 million votes for, while preferred holders unanimously picked Dennis M. Schaney. Stockholders also approved issuing common shares below net asset value, capped at 25% of outstanding stock, with 49.4 million unaffiliated votes in favor versus 18.4 million against. This flexibility aids capital raising. Yet risks persist if markets undervalue shares.
IPO
Sector
Industry
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