---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-014385"
form_type: "8-K/A"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2022-04-13T23:59:59+00:00"
generated_at: "2026-06-26T07:37:43.887485+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001140361-22-014385
- form_type: 8-K/A
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2022-04-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.03, 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000114036122014385/0001140361-22-014385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000114036122014385/ny20002465x9_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-014385
- JSON: https://secwatch.observer/filing/0001140361-22-014385.json
- Plain text: https://secwatch.observer/filing/0001140361-22-014385.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.