Business Wire

Cox Capital Partners (the “Company”), and its purchaser group (collectively the “Purchasers”), today announced that it recently commenced a Mini-Tender Offer on April 24, 2024 for outstanding common stock (“Shares”) of Franklin BSP Capital Corporation (the “Fund” or “FBCC”).

Franklin BSP Capital Corporation was previously known as Franklin BSP Lending Corporation (“FBLC”) before the completion of a merger between the two funds in January 2024. FBLC was previously known as Business Development Corporation of America (“BDCA”).

The Purchasers and their affiliates have offered to purchase up to $21,550,000, which constitutes 1.57% of the outstanding Shares as of the date of the Offer. The purchase price of the Offer is equal to $9.45 per share, in cash, without interest, upon the terms and conditions set forth in the Offer to Purchase. The Purchasers reserve the right to increase the availability of capital for investment.

The Tender Offer will expire at 5pm ET on May 24, 2024 unless the Offer is extended by the expiration date. If the amount of Shares tendered exceeds the capacity of the Offer, Shares will be accepted on a pro rata basis.

The Tender Offer documents will be sent by mail to holders of the Shares by the Fund sponsor. Stockholders may obtain additional copies of the tender offer documents by contacting the Fund or the Company. Stockholders should read these documents, as the documents contain important information about the Company’s Tender Offer.

Additional Tender Offer Information

For more information please visit Cox Capital Partners at https://www.coxcp.com/fbcctender.

About Cox Capital Partners

Cox Capital Partners is an investment management firm specializing in secondary liquidity solutions and alternative investment strategies. The Company provides direct liquidity to shareholders, fund sponsors, limited partners, and general partners of non-traded and private BDCs, non-traded and private REITs, interval funds, and feeder funds. The Company is based in Philadelphia, PA.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. The Company, nor its purchaser group, makes any recommendation as to whether to tender or not to tender any Shares in the Tender Offer. The Company recommends that stockholders consult with their financial professionals as part of consideration of the Offer. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from the Company. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

Contacts

Contact Information for Tender Offer: