debt
confidence high
sentiment neutral
materiality 0.55
Barings BDC prices $350M 3.300% unsecured notes due 2026
Barings BDC, Inc.
- Principal $350M, coupon 3.300%, maturity Nov 23, 2026; make-whole call at issuer's option.
- Proceeds to repay senior secured revolver with ING Capital, fund portfolio investments, and general corporate purposes.
- Offering expected to close Nov 23, 2021; sold via Rule 144A/Reg S private placement.
- Active joint bookrunners: J.P. Morgan, Wells Fargo, ING, MUFG.