Cox Capital Partners Announces Mini-Tender Offer for Common Stock of Franklin BSP Capital Corporation
April 29 2024 - 11:31AM
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.
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Contact Information for Tender Offer: Website:
www.coxcp.com/fbcctender Email: fbcctender@coxcp.com Phone:
484-840-5281 Media: John Cox, 302-468-6499