secwatch.observer — SEC 8-K summary
======================================

Issuer:     Barings Private Credit Corp (—)
CIK:        0001859919
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001140361-23-041555
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Barings Private Credit closes $496.5M CLO securitization of middle-market loans
-------------------------------------------------------------------------------

- $496.5M total: $300M Class A-1 notes at SOFR+2.40%, $35M Class A-2 at SOFR+3.35%.
- Additional $25M Class B (SOFR+4.15%), $22.5M Class C (SOFR+6.35%), $20M Class A-2 loans (SOFR+3.35%).
- Issued $94M subordinated notes (no interest); Barings retains all subordinated notes.
- Proceeds used to purchase middle-market commercial loans and reduce BPC Funding's revolving credit facility.
- CLO matures July 2031; redeemable after July 2024; Barings waives all collateral management fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859919/000114036123041555/0001140361-23-041555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859919/000114036123041555/brhc20057975_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-041555

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer