---
schema_version: "secwatch.filing_event.v1"
accession: "0001379785-25-000051"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:34:17.786136+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Barings BDC reports Q3 2025 net investment income of $0.32 per share, NAV at $11.10

## Summary
- Net investment income of $33.6 million ($0.32 per share) for Q3 2025, covering regular and special dividends.
- Investment portfolio at fair value $2.54 billion as of Sep 30, 2025; weighted average yield on performing debt 9.8%.
- Deployed nearly $150 million across new and existing portfolio companies during the quarter.
- Issued $300 million 5.200% senior unsecured notes due 2028, with net proceeds of approximately $294.7 million.
- Net asset value per share decreased from $11.18 to $11.10, primarily due to net unrealized depreciation of $8.8 million.

## SEC filing metadata
- accession: 0001379785-25-000051
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000137978525000051/0001379785-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000137978525000051/bbdc-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001379785-25-000051
- JSON: https://secwatch.observer/filing/0001379785-25-000051.json
- Plain text: https://secwatch.observer/filing/0001379785-25-000051.txt

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