PHILADELPHIA--(BUSINESS WIRE)--Cox Capital Partners (the “Company”), and its purchaser group (collectively the “Purchasers”), today announced that it has extended the expiration date for the Mini-Tender Offer for outstanding common stock (“Shares”) of Franklin BSP Capital Corporation (the “Fund” or “FBCC”).
As a result of increasing stockholder interest and the Memorial Day holiday, the Purchasers have decided that it is in the best interest of Fund stockholders to extend the expiration date to June 14, 2024. The Purchasers may also choose to increase the total capacity of the Offer within regulatory limits as participation increases. No other terms of the Offer have changed.
The Tender Offer will now expire at 5pm ET on June 14, 2024 unless the Offer is extended by the expiration date. The previous expiration date was 5pm ET on May 24, 2024. If the amount of Shares tendered exceeds the capacity of the Offer, Shares will be accepted on a pro rata basis unless the capacity of the Offer is increased by the Purchasers.
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 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.
