Franklin BSP Lending obtains $495 million revolver maturing 2027

By Rebecca Melvin

Concord, N.H., June 14 – Franklin BSP Lending Corp. entered into a $495 million revolving credit facility on June 10 with JPMorgan Chase Bank as administrative agent and collateral agent, according to an 8-K filed with the Securities and Exchange Commission.

The credit facility provides for borrowings through June 26, 2026 with any amounts borrowed under the credit facility maturing on June 10, 2027.

Term benchmark borrowings under the facility bear interest at term SOFR plus a margin of 197.5 basis points. There is also a commitment fee of 37.5 bps.

MUFG Union Bank BA, Sumitomo Mitsui Banking Corp. and Wells Fargo Bank NA acted as syndication agents.

The business development company is based in New York.

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