Bain Capital Private Credit issues $350 million of 7.600% notes due 2031

Bain Capital Private Credit

Bain Capital Private Credit and U.S. Bank Trust Company entered an indenture for $350,000,000 of 7.600% notes due October 8, 2031.
The unsecured notes pay 7.600% semiannually on April 8 and October 8 beginning April 8, 2027; proceeds fund general corporate purposes or repay revolving credit debt.
The company entered a $350,000,000 interest rate swap maturing October 8, 2031, receiving 7.60% fixed and paying SOFR plus 2.8515%.
A Registration Rights Agreement with BNP Paribas, J.P. Morgan, Scotia Capital and SMBC Nikko requires an exchange offer within 365 days of issuance.
A change of control plus below investment grade ratings from Fitch and Moody's triggers a repurchase offer at 100% of principal plus accrued interest.

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