secwatch.observer — SEC 8-K summary
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Issuer:     Barings BDC, Inc. (BBDC)
CIK:        0001379785
Form:       8-K/A
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0001140361-22-014385
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.03, 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1379785/000114036122014385/0001140361-22-014385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1379785/000114036122014385/ny20002465x9_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-014385

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