---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-007069"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:14:49.919969+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Barings BDC issues $300M 7.000% senior notes due 2029; proceeds to repay credit facility

## Summary
- $300M aggregate principal of 7.000% senior unsecured notes due Feb 15, 2029.
- Net proceeds estimated ~$292.9M after underwriting discounts and expenses.
- Proceeds to repay indebtedness under senior secured credit facility; may reborrow for general corporate purposes.
- Notes bear interest semi-annually at 7.000% per year, first payment Aug 15, 2024.
- Closing occurred Feb 12, 2024; underwriting agreement dated Feb 7, 2024.

## SEC filing metadata
- accession: 0001140361-24-007069
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000114036124007069/0001140361-24-007069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000114036124007069/ef20021433_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-007069
- JSON: https://secwatch.observer/filing/0001140361-24-007069.json
- Plain text: https://secwatch.observer/filing/0001140361-24-007069.txt

## Key facts
- Debt Financings
  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
  source text: the issuance and sale of $300 million in aggregate principal amount (the "Offering") of the Company's 7.000% senior, unsecured notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1379785/000114036124007069/0001140361-24-007069-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1379785/000114036124007069/0001140361-24-007069-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1379785/000114036124007069/0001140361-24-007069-index.htm

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