Barings BDC amends credit facility: extends maturity to 2029, reduces commitments to $825M, lowers spread to 1.875%

Barings BDC, Inc.

Extended revolving period to November 2028 and stated maturity to November 2029 from prior 2025/2026 dates.
Reduced total commitments from $1.065 billion to $825 million; $100 million reallocated from revolving to term loan commitments.
Lowered interest rate spread to 1.875% plus 0.10% credit spread adjustment (was 2.25% or 2.00% with investment grade rating plus CSA).
Prepaid exiting lenders in full and terminated their commitments as part of the amendment.

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