Investor Presentaiton
Executive Summary:
FBLC in Review
March 2021:
Priced $300mm
January senior notes due
Q4 2021: Originated a
record of over $650M in
Q4, resulting in record
annual originations of
over $1.6B
Q3 2021:
2021:
2026 at 3.25%
Kahala and Park
Formed
Avenue no longer
Joint
Venture
Received Baa3
in top 5 positions
rating from
(JV)
Moody's
FRANKLIN BSP
LENDING CORP
Dec 2021:
FBLC acquires
Post Road
Equipment
Finance, LLC
(fka Encina)
June 2022 :
$495M JPM
Revolver
Facility
established
Oct 2022: BSP
Launches
Franklin BSP
Private Credit
Fund (FBPCF)
Feb 2023: 100%
Called on
$234.8M Equity
Raise
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023
January 2021:
BSP launches
Franklin BSP
Capital Corp.
(FBCC)
Sept 2021:
Increase quarterly
dividend to $0.13 per
share & declares a
special dividend of
$0.02 per share
Jan 2022: BDCA
announces name
April/May
2022:
Equity Raise of
$234.8M
Nov 2022:
BSP acquires
Alcentra
change to Franklin
BSP Lending Corp
(FBLC)
Source: SEC filings as of 08/11/2023.
Note: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. ANY INVESTMENT INVOLVES SIGNIFICANT RISK, INCLUDING LOSS OF THE ENTIRE INVESTMENT.
May 2023:
Payoff of $60M
unsecured
notes
BENEFIT STREET
7
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