{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-026827","form_type":"8-K","ticker":"BCSF","cik":"0001655050","company_name":"Bain Capital Specialty Finance, Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.028588+00:00","generated_at":"2026-06-18T22:18:00.879074+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BCSF Q4 NII $0.37/sh, NAV $17.29; raises dividend to $0.38, gets BBB rating","bullets":["Q4 net investment income $24.2M ($0.37/sh); net income $43.5M ($0.67/sh); NAV per share $17.29, up from $16.98 in Q3.","Full year 2022 NII $102.7M ($1.59/sh); net income $105.5M ($1.63/sh).","Board raises quarterly dividend 6% to $0.38/sh for Q1 2023, payable April 28, 2023 to holders of record March 31, 2023.","KBRA assigned investment grade rating BBB with stable outlook in February 2023.","Portfolio fair value $2.387B; 94.5% floating rate; weighted average yield 11.4% at cost; three non-accruals at 1.6% of fair value."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-026827","json":"https://secwatch.observer/filing/0001104659-23-026827.json","markdown":"https://secwatch.observer/filing/0001104659-23-026827.md","text":"https://secwatch.observer/filing/0001104659-23-026827.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1655050/000110465923026827/0001104659-23-026827-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1655050/000110465923026827/tm238073d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:18:00.879074+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed0d30206b805d0a387fe1429add7a6d1a5ca7a5","claim":"Bain Capital Specialty Finance, Inc. reported the fourth quarter and fiscal year ended December 31, 2022 results: revenue $62.4 million, net income $43.5 million, EPS $0.67.","evidence_excerpt":"For the three months ended December 31, 2022 and September 30, 2022, total investment income was $62.4 million and $58.8 million, respectively. The increase in investment income was primarily due to an increase in interest income as a result of higher base rates. Total expenses (before taxes) for the three months ended December 31, 2022 and September 30, 2022 were $37.3 million and $28.7 million, respectively. The increase was primarily driven by an increase in incentive fees due to a higher Cumulative Net Return under the Company’s incentive fee structure that has a total return three-year look back feature. (6) Net investment income for the three months ended December 31, 2022 and September 30, 2022 was $24.2 million or $0.37 per share and $30.1 million or $0.47 per share, respectively. During the three months ended December 31, 2022, the Company had net realized and unrealized gains (losses) of $19.3 million. Net increase in net assets resulting from operations for the three months","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1655050/000110465923026827/0001104659-23-026827-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$62.4 million"},{"label":"Net income","value":"$43.5 million"},{"label":"EPS","value":"$0.67"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}