OTCMFRBP
Market cap2.61bUSD
Dec 02, Last price
11.30USD
Name
Franklin BSP Lending Corp
Chart & Performance
Profile
Franklin BSP Lending Corporation is a business development company specializing in investing in middle market companies, leverage buyouts, acquisitions, recapitalizations, growth opportunities, venture debt, CLO equity, delayed draw term loans, rescue financing, distressed or turnaround situations, and bridge loans and financing. It invests in the debt and equity of private held companies. It typically prefers to invest in unitranche, senior secured debt, senior unsecured debt, second lien secured debt, equity co-investments, subordinated secured debt, subordinated unsecured debt, mezzanine debt, convertible debt, convertible preferred equity, preferred equity, common equity, warrants. It seeks to invest in business services, energy, general industrial, government, healthcare, software, specialty finance; restaurants, TMT, food and beverage, and consumer products. It prefers to take majority stakes in investments. It invests throughout the United States and Canada. It invests between $1 million and $25 million in established companies with revenues between $5 million and $1000 million and stable operating cash flows. Within middle market loans, the investment size across the BSP private debt platform typically ranges from $25 million to over $250 million in companies with EBITDA between $10 million and $100 million. It seeks to have Board representation or Board Observation rights in its portfolio companies.
IPO date
May 25, 2016
Employees
Domiciled in
US
Incorporated in
US
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|
2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | |||||||||
Revenues | 99,230 -55.02% | 220,607 -1,136.93% | |||||||
Cost of revenue | 85,972 | 78,335 | |||||||
Unusual Expense (Income) | |||||||||
NOPBT | 13,258 | 142,272 | |||||||
NOPBT Margin | 13.36% | 64.49% | |||||||
Operating Taxes | 6,189 | 3,311 | |||||||
Tax Rate | 46.68% | 2.33% | |||||||
NOPAT | 7,069 | 138,961 | |||||||
Net income | 81,982 -60.24% | 206,184 -675.90% | |||||||
Dividends | (96,848) | (69,156) | |||||||
Dividend yield | |||||||||
Proceeds from repurchase of equity | 174,870 | (19,532) | |||||||
BB yield | |||||||||
Debt | |||||||||
Debt current | 59,896 | 149,382 | |||||||
Long-term debt | 1,224,187 | 1,272,274 | |||||||
Deferred revenue | 1,314,421 | 1,385,729 | |||||||
Other long-term liabilities | 62,618 | (1,272,274) | |||||||
Net debt | (2,311,828) | (1,400,348) | |||||||
Cash flow | |||||||||
Cash from operating activities | (11,925) | (427,515) | |||||||
CAPEX | |||||||||
Cash from investing activities | (113,979) | (379,097) | |||||||
Cash from financing activities | 23,535 | 417,898 | |||||||
FCF | 52,469 | 848,542 | |||||||
Balance | |||||||||
Cash | 720,767 | 42,774 | |||||||
Long term investments | 2,875,144 | 2,779,230 | |||||||
Excess cash | 3,590,950 | 2,810,974 | |||||||
Stockholders' equity | 710,528 | 825,627 | |||||||
Invested Capital | 3,616,051 | 2,236,765 | |||||||
ROIC | 0.24% | 5.00% | |||||||
ROCE | 0.44% | 4.82% | |||||||
EV | |||||||||
Common stock shares outstanding | 212,062 | 200,071 | |||||||
Price | |||||||||
Market cap | |||||||||
EV | |||||||||
EBITDA | 14,506 | 145,500 | |||||||
EV/EBITDA | |||||||||
Interest | 59,942 | 44,241 | |||||||
Interest/NOPBT | 452.12% | 31.10% |