Exhibit (k)(8)

FIFTH AMENDMENT TO CREDIT AGREEMENT

THIS FIFTH AMENDMENT TO CREDIT AGREEMENT dated as of December 30, 2025 (this “Amendment”) amends the Credit Agreement dated as of October 17, 2023 (as previously amended, the “Credit Agreement”) between Franklin BSP Private Credit Fund, a Delaware statutory trust that is registered as an investment company under the Investment Company Act operating as an interval fund under the Investment Company Act (the “Borrower”), and U.S. Bank National Association, a national banking association (the “Lender”). Capitalized terms used but not otherwise defined herein have the respective meanings given to them in the Credit Agreement.

WHEREAS, the Borrower and the Lender have entered into the Credit Agreement; and

WHEREAS, the parties hereto desire to amend the Credit Agreement in certain respect as set forth herein;

NOW, THEREFORE, the parties hereto agree as follows:

SECTION 1. Amendments. Subject to the satisfaction of the conditions precedent set forth in Section 3 the Credit Agreement is amended as follows:

“Applicable Margin” means 1.80%.

“Facility Termination Date” means December 31, 2026.

“Excluded Unused Portion” shall mean, with respect to any calendar month (or portion thereof), that portion of the Revolving Commitment Amount defined in clause (a)(ii) of the definition of Minimum Utilization Fee.

“Minimum Utilization Fee” means, with respect to with respect to any calendar month (or portion thereof), an amount equal to the result of (a) product of (i) the Term SOFR Rate, (ii) the amount, if any, by which the daily average aggregate amount of Loans in such monthly period is less than 50% of the daily average of the Revolving Commitment Amount in such monthly period and (iii) a fraction, the numerator of which is the actual number of days in such monthly period and the denominator of which is 360 minus (b) any Commitment Fees actually paid on the Excluded Unused Portion during such period.

“Minimum Utilization Fee Commencement Date” means December 30, 2025.

2.4.3          Minimum Utilization Fee. The Borrower agrees to pay to the Lender the Minimum Utilization Fee during the period from and including the Minimum Utilization Fee Commencement Date to and including the Facility Termination Date, payable in arrears on each Payment Date and on the Facility Termination Date.

(a)              Request for Increase. By notice to the Lender, the Borrower may request increases to the Revolving Commitment Amount (each such increase, an “Incremental Revolving Commitment”) so long as, after giving effect thereto, the Revolving Commitment Amount does not exceed the Facility Amount; provided that the Lender shall not have any obligation to agree to provide an Incremental Revolving Commitment pursuant to this Section 2.17(a), and any election to do so pursuant to this section 2.17(a) shall be in the sole discretion of the Lender.

(a)              Immediately prior to and immediately after giving effect to such Loan, (i) no Margin Deficiency exists or would occur, (ii) Revolving Exposure together with all other indebtedness of the Borrower shall not exceed the Maximum Amount and (iii) the Revolving Exposure shall not exceed the Revolving Commitment Amount.

SECTION 2. Representations and Warranties. The Borrower represents and warrants to the Lender that, after giving effect to the effectiveness hereof:

(a)           the representations and warranties contained in Article V of the Credit Agreement are (x) with respect to any representations or warranties that contain a materiality qualifier, true and correct in all respects as of the date hereof, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all respects on and as of such earlier date and (y) with respect to any representations or warranties that do not contain a materiality qualifier, true and correct in all material respects as of the date hereof, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects on and as of such earlier date;

(b)            (i) there have been no amendments, modifications or supplements to its Constituent Documents since the certificate delivered to the Lender on October 17, 2023 and each such document remains in full force and effect as of the date hereof, and (ii) there have been no changes to the incumbency of the Borrower since the certificate delivered to the Lender on October 17, 2023; and

SECTION 3. Effectiveness. This Amendment shall become effective on the date (the “Amendment Effective Date”) when the Lender shall have received each of the following

(b)           an upfront fee in an amount equal to the product of (i) 0.25% times (ii) the Revolving Commitment Amount on the Amendment Effective Date.

SECTION 4. Miscellaneous.

4.1           Continuing Effectiveness, etc. As herein amended, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects. After the effectiveness of this Amendment, all references in the Credit Agreement to “this Agreement” and in the other Loan Documents to the “Credit Agreement” or similar terms shall refer to the Credit Agreement as amended by this Amendment.

4.2           Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart hereby by facsimile or in .pdf or similar format shall constitute delivery of a manually executed counterpart of this Amendment.

4.3           Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS (WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

4.4           Successors and Assigns. The terms and provisions of this Amendment shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective permitted successors and assigns.

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IN WITNESS THEREOF, the Borrower and the Lender have executed this Amendment as of the date first above written.