Franklin BSP Capital Corp
fbccbdc.comWhat Do They Do?
Invests in senior secured loans, other debt and equity of predominantly private U.S. middle-market companies.
10-K for FY2025, filed Mar 16, 2026Our investment objective is to generate both current income and capital appreciation through debt and equity investments. We invest…View ↗
How Do They Make Money?
Earns interest from loans and other debt investments, and dividends from equity investments; it also earns fees on arranging, closing, amending and repaying loans. Interest and dividends are recorded as they accrue or become payable, while some upfront fees are received at once or spread into income.
10-K for FY2025, filed Mar 16, 2026Investment transactions are accounted for on the trade date. Interest income, adjusted for amortization of premium and accretion of…View ↗
Dividend income on preferred equity investments is recorded on an accrual basis to the extent that such amounts are payable by the…View ↗
Fee income, such as structuring fees, origination, closing, amendment fees, commitment, termination, and other upfront fees are generally…View ↗
$167.2M
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10-K for FY2025, filed Mar 16, 2026
$167.2M ↗
Who Are Their Customers?
Lends to predominantly private U.S. middle-market companies, investing directly in some loans and buying interests in loans or corporate bonds from secondary-market participants.
10-K for FY2025, filed Mar 16, 2026Our investment objective is to generate both current income and capital appreciation through debt and equity investments. We invest…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 62 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 16, 2026
$104.3MView ↗
How Are They Changing?
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Apr 16, 2026
Financing subsidiary expanded and extended its credit facility
The facility amount rose from $300,000,000 to $400,000,000, with a lower borrowing spread and later maturity and reinvestment dates.
Sources
8-K, filed Apr 16, 2026
On April 10, 2026, FBLC Funding I, LLC (the “Subsidiary”), a wholly-owned, special purpose financing subsidiary of Franklin BSP Capital…View ↗
Growing. Revenue grew 39.4x in 4 years, from $4.2M in FY2021 to $167.2M in FY2025, about 151% a year.
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