# EDGAR Filing Document

**Accession Number:** 0001825248
**File Stem:** 0001213900-26-029179
**Filing Date:** 2026-3
**Character Count:** 10997
**Document Hash:** 100e7ec8b18505c383e908cdb1c9951f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-029179.hdr.sgml**: 20260317

**ACCESSION NUMBER**: 0001213900-26-029179

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260317

**DATE AS OF CHANGE**: 20260317

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin BSP Capital Corp
- **CENTRAL INDEX KEY:** 0001825248

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93704
- **FILM NUMBER:** 26763152

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 588-6700

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Franklin BSP Capital L.L.C.
- **DATE OF NAME CHANGE:** 20200917
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin BSP Capital Corp
- **CENTRAL INDEX KEY:** 0001825248

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 588-6700

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Franklin BSP Capital L.L.C.
- **DATE OF NAME CHANGE:** 20200917

#### As filed with the Securities and Exchange Commission on March 17 , 2026

#### UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549

#### __________________________

#### SCHEDULE TO

#### Tender Offer Statement under Section 14(d)(1) or 13(e)(1)<br>of the Securities Exchange Act of 1934

#### (Amendment No. 1)

#### __________________________

#### Franklin BSP Capital Corporation <br> (Name of Subject Company (Issuer))

#### Franklin BSP Capital Corporation <br> Name of Filing Person (Offeror and Issuer)

#### __________________________

#### Common Stock, Par Value $0.001 per share<br> (Title of Class of Securities)
35250V104****<br> (CUSIP Number of Class of Securities)<br>(Underlying Common Stock)

**Richard J. Byrne<br>Chief Executive Officer <br>Franklin BSP Capital Corporation<br>One Madison Avenue, Suite 1600<br>New York, NY 10010<br>(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)**

#### __________________________

#### Copies to:

#### Rajib Chanda<br>Steven Grigoriou<br>Simpson Thacher & Bartlett LLP<br>900 G Street, N.W.<br>Washington, D.C. 20001<br>Telephone: (202) 636-5502

#### __________________________

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| | | |
|:---|:---|:---|
|  ☐ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
|  | Check the appropriate boxes below to designate any transactions to which the statement relates: | Check the appropriate boxes below to designate any transactions to which the statement relates: |
|  | ☐ | Third-party tender offer subject to Rule 14d-1. |
|  | ☒ | Issuer tender offer subject to Rule 13e-4. |
|  | ☐ | Going-private transaction subject to Rule 13e-3. |
|  | ☐ | Amendment to Schedule 13D under Rule 13d-2. |
|  | Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ | Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ |
|  | If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon: | If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon: |
|  | ☐ | Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
|  | ☐ | Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |

---

------

This Amendment No. 1 (the "Amendment") amends and supplements the Issuer Tender Offer Statement on Schedule TO originally filed on March 5, 2026 (the "Statement") by Franklin BSP Capital Corporation (the "Company") in connection with an offer by the Company (the "Offer") to purchase up to 2,500,000 shares of its issued and outstanding common stock, par value $0.001 per share (the "Shares"), at a price equal to the net asset value per Share as of December 31, 2025, upon the terms and subject to the conditions set forth in the Offer to Purchase filed as Exhibit (a)(1)(i) to the Statement.

This Amendment is being filed pursuant to Rule 13e-4(c)(1) of the Securities Exchange Act of 1934, as amended, to file a written communication relating to the Offer. Item 12 of the Statement is hereby amended and supplemented by adding the following exhibit to state that the Company's net asset value per Share as of December 31, 2025 is $13.58:

(a)(1)(v) Updated Letter to Stockholders, dated March 17, 2026

Except as specifically provided herein, the information contained in the Statement, as amended, and the exhibits filed hereto remains unchanged and this Amendment does not modify any of the information previously reported on the Statement, as amended, or the exhibits filed hereto.

#### SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 17, 2026

---

| | | |
|:---|:---|:---|
|  **FRANKLIN BSP CAPITAL CORPORATION** | **FRANKLIN BSP CAPITAL CORPORATION** | **FRANKLIN BSP CAPITAL CORPORATION** |
|  By: | /s/ Nina K. Baryski | /s/ Nina K. Baryski |
|  | Name: | Nina K. Baryski |
|  | Title: | Chief Financial Officer and Treasurer |

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#### Exhibit Index

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| | |
|:---|:---|
|  **EXHIBIT** |  |
|  (a)(1)(i) | [Offer to Purchase, dated March 5, 2026.\*](http://www.sec.gov/Archives/edgar/data/1825248/000121390026024177/ea027824901_ex99a1ifrank.htm) |
|  (a)(1)(ii) | [Form of Letter of Transmittal.\*](http://www.sec.gov/Archives/edgar/data/1825248/000121390026024177/ea027824901_ex99a1iifrank.htm) |
|  (a)(1)(iii) | [Form of Notice of Withdrawal.\*](http://www.sec.gov/Archives/edgar/data/1825248/000121390026024177/ea027824901_ex99a1iiifrank.htm) |
|  (a)(1)(iv) | [Letter to Stockholders, dated March 5, 2026.\*](http://www.sec.gov/Archives/edgar/data/1825248/000121390026024177/ea027824901_ex99a1ivfrank.htm) |
|  (a)(1)(v) | [Updated Letter to Stockholders, dated March 17, 2026](ea027824902_ex99a1v.htm) |
| 107 | [Filing Fee Table\*](http://www.sec.gov/Archives/edgar/data/1825248/000121390026024177/ea027824901ex-fee.htm) |

---

____________

\* Previously filed with the Statement on March 5, 2026.

## Ex-99.A(1)(V)

#### Exhibit (a)(1)(v)
![](tbsp_logo.jpg)

FRANKLIN BSP CAPITAL CORPORATION<br>U.S. regular mail: P.O. Box 219943, Kansas City, MO 64121-9865

U.S. overnight mail: c/o SS&C GIDS, Inc., 801 Pennsylvania Ave,

Kansas City, MO 64105-1407<br>T: Investor Relations at (844) 785-4393<br>W: *www.fbccbdc.com*

March 17, 2026

Dear Stockholder:

As previously announced, the Board of Directors (the "Board") of Franklin BSP Capital Corporation (the "Company") authorized a tender offer for up to 2,500,000 shares of the Company's issued and outstanding common stock, par value $0.001 per share (the "Shares"), which represents approximately 1.85% of the number of Shares outstanding as of December 31, 2025. The Company previously commenced an offer to purchase Shares for cash at a price equal to the Company's net asset value ("NAV") per Share as of December 31, 2025, upon the terms and conditions set forth in the accompanying Offer to Purchase and related Letter of Transmittal (which together constitute the "Offer"). On March 16, 2026, the Company reported that its December 31, 2025 NAV per Share is $13.58.

The purpose of this Offer is to provide stockholders with a measure of liquidity, since there is otherwise no public market for the Shares. The Offer period began on March 5, 2026 and will end at 11:59 P.M. Eastern Time, on April 14, 2026. Subject to the limitations contained in the Offer to Purchase, which preceded this letter, all properly completed and duly executed Letters of Transmittal returned to us will be processed promptly following the expiration of the Offer period.

**IF YOU HAVE NO DESIRE TO SELL ANY OF YOUR SHARES AT THE COMPANY'S NET ASSET VALUE PER SHARE AS OF DECEMBER 31, 2025 OF $13.58 PER SHARE, PLEASE DISREGARD THIS NOTICE.**

We will contact you again each fiscal year to notify you if the Company intends to offer to repurchase a portion of its issued and outstanding Shares. If you would like to tender a portion or all of your Shares for repurchase at this time, please complete the Letter of Transmittal form which preceded this letter and return it in the envelope previously provided to you. Please refer to the Offer to Purchase for conditions to the Offer, including, but not limited to, the fact that we are only offering to repurchase up to 2,500,000 Shares, which represents approximately 1.85% of the number of Shares outstanding as of December 31, 2025. During any calendar year, we intend to limit the number of Shares we offer to repurchase to the lesser of 10% of the weighted average number of Shares outstanding during the prior calendar year or the number of Shares the Company can repurchase with the cash retained as a result of issuing Shares under the Company's distribution reinvestment plan ("DRIP") to those stockholders who have elected to receive their distributions in the form of additional Shares rather than in cash during the applicable measurement period. For this Offer, the applicable measurement period is the one-year period ended March 31, 2026, and the number of Shares the Company is offering to repurchase approximates the number of Shares the Company can repurchase with the cash retained from DRIP issuances during that period.

------

**All requests to tender Shares must be received in good order by the Company, at the address below, by 11:59 P.M. Eastern Time, on April 14, 2026.**

<u> U.S. standard mail: </u>   <u> Franklin BSP Capital Corporation <br>P.O. Box 219943 <br>Kansas City, MO 64121-9865 </u> <br> <u> U.S. overnight mail: </u>   <u> Franklin BSP Capital Corporation <br>c/o SS&C GIDS, Inc. <br>801 Pennsylvania Ave, <br>Kansas City, MO 64105-1407 </u>

If you have any questions, please call your financial advisor or call us at (844) 785-4393.

---

| |
|:---|
|  Sincerely, |
|  /s/ Richard J. Byrne |
|  **Richard J. Byrne** |
|  Chief Executive Officer and Chairman, <br>Franklin BSP Capital Corporation |

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