---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-058404"
form_type: "8-K"
ticker: null
cik: "0001859919"
company_name: "Barings Private Credit Corp"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:48:51.436911+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Barings Private Credit upsizes credit facility to $215M, adds $25M term loan

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-058404
- form_type: 8-K
- cik: 0001859919
- company_name: Barings Private Credit Corp
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859919/000114036123058404/0001140361-23-058404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859919/000114036123058404/ef20016931_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-058404
- JSON: https://secwatch.observer/filing/0001140361-23-058404.json
- Plain text: https://secwatch.observer/filing/0001140361-23-058404.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859919/000114036123058404/0001140361-23-058404-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859919/000114036123058404/0001140361-23-058404-index.htm

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