Business
Cox Capital Partners Announces Commencement of Mini-Tender Offers for Shares of Franklin BSP Capital Corporation and FS Specialty Lending Fund
PHILADELPHIA, September 24, 2025--Cox Capital Partners (the "Company"), together with its purchaser group (the "Purchasers"), announces the commencement of mini-tender offers to purchase outstanding shares ("Shares") of Franklin BSP Capital Corporation ("FBCC") and FS Specialty Lending Fund ("FSSL"), two non-traded business development companies ("BDCs"). The FBCC offer commenced on August 14, 2025 and the FSSL offer commenced on September 10, 2025.
About this update from Franklin Bsp Capital Corp
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/161e1d835cc099ed90aee6323b15c401"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DbrPR37LXVXm609Z2lqc6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/161e1d835cc099ed90aee6323b15c401","width":480,"height":480}},"lazy":false},{"type":"text","content":"PHILADELPHIA, September 24, 2025--(BUSINESS WIRE)--Cox Capital Partners (the "Company"), together with its purchaser group (the "Purchasers"), announces the commencement of mini-tender offers to purchase outstanding shares ("Shares") of Franklin BSP Capital Corporation ("FBCC") and FS Specialty Lending Fund ("FSSL"), two non-traded business development companies ("BDCs"). The FBCC offer commenced on August 14, 2025 and the FSSL offer commenced on September 10, 2025.","length":530,"tagName":"p"},{"type":"text","content":"In aggregate, the Purchasers have offered to purchase up to $91,400,000 of Shares. The Purchasers are not affiliated with FBCC, FSSL, or their advisers.","length":152,"tagName":"p"},{"type":"text","content":"Franklin BSP Capital Corporation","length":32,"tagName":"p"},{"type":"text","content":"Franklin BSP Capital Corporation was previously known as Franklin BSP Lending Corporation ("FBLC") before the January 2024 merger of Franklin BSP Lending Corporation ("FBLC") into Franklin BSP Capital Corporation ("FBCC"). FBLC was previously known as Business Development Corporation of America ("BDCA").","length":345,"tagName":"p"},{"type":"text","content":"FBCC shareholders have not been able to fully liquidate their Shares at NAV through the issuer-sponsored share repurchase program since 2015.","length":141,"tagName":"p"},{"type":"text","content":"During the most recent repurchase offer completed on April 9, 2025, FBCC shareholders tendered approximately $331 million of Shares at NAV, and approximately 10.5% of requests were accepted on a pro-rata basis.","length":210,"tagName":"p"},{"type":"text","content":"The FBCC offer will expire at 5:00 p.m., Eastern Time, on October 31, 2025, unless extended or earlier terminated. If m...