Barings BDC amends credit facility: commitments raised to $965M, maturity extended to 2025

Barings BDC, Inc.

Total lender commitments increased to $965 million, with option to request up to $1.5 billion.
Maturity extended to February 21, 2025, from the previous date.
Minimum net worth covenant raised to $500 million, strengthening balance sheet requirement.
Interest rates: base rate + 1.25% or SOFR + 2.25%, with step-downs if investment-grade rating obtained.
LIBOR replaced with SOFR as benchmark rate.

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