---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-112902"
form_type: "8-K"
ticker: "BCSF"
cik: "0001655050"
company_name: "Bain Capital Specialty Finance, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:38:46.202995+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BCSF Q1 2025: NII $0.50/share, NAV $17.64 stable, declares $0.42 dividend

## Summary
- NII per share $0.50 ($32.1M); net income $0.44/share ($28.5M).
- NAV per share $17.64, essentially flat vs $17.65 at Dec 31, 2024.
- Q2 2025 dividend $0.42/share plus $0.03 extra, payable June 30, record June 16.
- Issued $350M 5.950% unsecured notes due 2030; net debt-to-equity 1.17x.
- Portfolio yield 11.5%; non-accruals 1.4% at cost, 0.7% at fair value.

## SEC filing metadata
- accession: 0001193125-25-112902
- form_type: 8-K
- ticker: BCSF
- cik: 0001655050
- company_name: Bain Capital Specialty Finance, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655050/000119312525112902/0001193125-25-112902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655050/000119312525112902/d912336d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-112902
- JSON: https://secwatch.observer/filing/0001193125-25-112902.json
- Plain text: https://secwatch.observer/filing/0001193125-25-112902.txt

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