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

Issuer:     Bain Capital Private Credit (—)
CIK:        0001899017
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001193125-24-002218
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bain Capital Private Credit enters $50M senior secured revolving credit facility, expandable to $500M
--------------------------------------------------------------------------------

- $50M initial facility from Sumitomo Mitsui Banking Corp; accordion permits increase up to $500M.
- Maturity December 29, 2028; interest rates range from 1.0% to 2.125% plus credit spread adjustment.
- Proceeds for general corporate purposes, including debt repayment, distributions, and investments.
- Applicable Margin step-up (0.125%) if no investment grade rating obtained within nine months.
- Borrowing base coverage ratio determines Applicable Margin tiers (1.6x threshold).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899017/000119312524002218/0001193125-24-002218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899017/000119312524002218/d902900d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-002218

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