Barings Private Credit Corp: debt financing — Barings Private Credit upsizes credit facility to $215M, adds $25M term loan

Barings Private Credit Corp

Total facility increased from $165M to $215M; $25M initial term commitment included.
Revolver portion partially converted to term loan; Canadian benchmark switched from CDOR to CORRA with credit spread.
Amendment dated Dec 14, 2023; lenders include SMBC, Regions Bank, BNP Paribas, Apple Bank.
BPCC Holdings reaffirms guarantee and security interests under the credit agreement.
No material impact on financial covenants disclosed; borrowing base remains in effect.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.97

Barings Private Credit Corp amended revolving credit of $215,000,000 with Sumitomo Mitsui Banking Corporation at replaced CDOR with CORRA plus 0.29547% for one-month tenor, 0.32138% for three-m.

Instrument: revolving credit
Principal: $215,000,000
Counterparty: Sumitomo Mitsui Banking Corporation
Rate: replaced CDOR with CORRA plus 0.29547% for one-month tenor, 0.32138% for three-m
Event: amendment

Exact text from the filing

thereto and Sumitomo Mitsui Banking Corporation, as Administrative Agent. The First Amendment, among other things, (i) increases the total facility amount from $165,000,000 to $215,000,000, including an initial term commitment of $25,000,000, (ii) converts a portion of the existing revolver availability into term loan availability and (iii) replaces the interest rate

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Barings Private Credit Corp amended First Amendment with Sumitomo Mitsui Banking Corporation, as Administrative Agent valued at $215,000,000 (effective 2023-12-14).

Action: amendment
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation, as Administrative Agent
Value: $215,000,000
Effective: 2023-12-14

Exact text from the filing

On December 14, 2023, Barings Private Credit Corporation (the “Company”) entered into the First Amendment to that certain Senior Secured Revolving Credit Agreement (the “First Amendment”), which amends that certain Senior Secured Revolving Credit Agreement, dated as of March 6, 2023 (the “Senior Secured Revolving Credit Agreement”).

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001140361-23-058404

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.