Barings BDC upsizes credit facility to $965M, extends maturity to 2025

Barings BDC, Inc.

Third Amendment increases lender commitments to $965M; accordion expanded to $1.5B.
Maturity extended to February 21, 2025; minimum net worth covenant raised to $500M.
Benchmark rate switched from LIBOR to SOFR with credit spread adjustments of 0.10%-0.25%.
Borrowings bear interest at base rate +1.25% or term SOFR +2.25% (step-downs upon investment grade rating).

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