Barings BDC Inc. has entered into a significant financial agreement, as reported on September 15, 2025. The company, in collaboration with the U.S. Bank Trust Company, National Association, has executed a Third Supplemental Indenture, supplementing the existing indenture from November 23, 2021. This agreement facilitates the issuance of $300 million in aggregate principal amount of 5.200% notes maturing in 2028. The proceeds from these notes are intended to repay existing indebtedness under the company's senior secured credit facility, originally initiated in February 2019. Additionally, Barings BDC Inc. has engaged in a $300 million notional value interest rate swap, ensuring a fixed interest rate while managing exposure to fluctuating rates. This strategic financial move aims to optimize the company's debt structure and support general corporate purposes, including investments aligned with its objectives.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barings BDC Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001379785-25-000041), on September 15, 2025, and is solely responsible for the information contained therein.
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