Barings BDC issues $350M of 3.300% notes due 2026; net proceeds ~$343.6M

Barings BDC, Inc.

Issued $350M principal of 3.300% notes maturing Nov 23, 2026; interest payable semi-annually on May 23 and Nov 23.
Net proceeds ~$343.6M after discount and expenses; to repay debt (incl. revolving credit facility), fund investments, and for general corporate.
Notes are unsecured, rank pari passu with other unsecured unsubordinated debt, and structurally junior to subsidiary debt.
Registration rights agreement obligates company to file exchange offer or shelf registration; failure triggers additional interest.
Indenture includes asset coverage covenant per Investment Company Act and financial reporting if no longer subject to Exchange Act.

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