secwatch / observer
8-K filed February 13, 2024, 6:59 PM ET ticker BBDC CIK 0001379785
debt confidence high sentiment neutral materiality 0.55

Barings BDC, Inc. (BBDC): debt financing — Barings BDC issues $300M 7.000% senior notes due 2029; proceeds to repay credit facility

Barings BDC, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Barings BDC, Inc. incurred senior notes of $300 million with U.S. Bank Trust Company, National Association at 7.000% per year maturing February 15, 2029.

Instrument
senior notes
Principal
$300 million
Counterparty
U.S. Bank Trust Company, National Association
Rate
7.000% per year
Maturity
February 15, 2029
Event
incurrence
Exact text from the filing
the issuance and sale of $300 million in aggregate principal amount (the "Offering") of the Company's 7.000% senior, unsecured notes due 2029
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Barings BDC, Inc. entered into Underwriting Agreement with Wells Fargo Securities, LLC, SMBC Nikko Securities America, Inc., BMO Capital Markets Corp., and Fifth Third Securities, Inc., as representatives of the several underwriters named in Schedule A valued at $300 million in aggregate principal amount of the Company’s 7.000% senior, unsecured notes due 2029 (effective 2024-02-07).

Action
entry
Agreement
underwriting
Counterparty
Wells Fargo Securities, LLC, SMBC Nikko Securities America, Inc., BMO Capital Markets Corp., and Fifth Third Securities, Inc., as representatives of the several underwriters named in Schedule A
Value
$300 million in aggregate principal amount of the Company’s 7.000% senior, unsecured notes due 2029
Effective
2024-02-07
Exact text from the filing
On February 7, 2024, Barings BDC, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) among the Company, Barings LLC, and Wells Fargo Securities, LLC, SMBC Nikko Securities America, Inc., BMO Capital Markets Corp., and Fifth Third Securities, Inc., as representatives of the several underwriters named in Schedule A thereto , in connection with the issuance and sale of $300 million in aggregate principal amount (the “Offering”) of the Company’s 7.000% senior, unsecured notes due 2029 (the “Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Barings BDC, Inc. entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee valued at Second Supplemental Indenture, dated February 12, 2024, to the indenture, dated November 23, 2021, b (effective 2024-02-12).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association, as trustee
Value
Second Supplemental Indenture, dated February 12, 2024, to the indenture, dated November 23, 2021, b
Effective
2024-02-12
Exact text from the filing
The Offering closed on February 12, 2024 and the Notes were issued under a Second Supplemental Indenture, dated February 12, 2024, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), to the indenture, dated November 23, 2021, between the Company and the Trustee (the “Base Indenture” and, together with the Second Supplemental Indenture, the “Indenture”).
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Barings BDC, Inc. filing history →

Source: SEC EDGAR
accession 0001140361-24-007069
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