Franklin BSP Capital, a business development company, completed the merger with Franklin BSP Lending, a non-listed business development company, for $3.9bn. “We are pleased to announce the completion of the merger between FBLC and FBCC. We believe this transaction will be immediately accretive to stockholders and unlock nearly $700m of capital that we can deploy into a very attractive origination environment. We look forward to capitalizing on the combined company’s synergies and will continue to deliver strong growth and long-term value for our stockholders,” Richard Byrne, Franklin BSP CEO & Chairman.