Barings Private Credit issues $400M 6.150% notes due 2030, net proceeds ~$390.2M

Barings Private Credit Corp

• Issued $400M of 6.150% notes due June 11, 2030; interest payable semi-annually on June 11 and Dec 11.
• Net proceeds of ~$390.2M after initial purchaser discount and offering expenses.
• Proceeds used to repay credit facilities, make portfolio investments, and for general corporate purposes.
• Notes are unsecured, rank pari passu with other unsecured unsubordinated debt, and structurally junior to subsidiary debt.
• Company obligated to file exchange offer registration statement within 365 days or pay additional interest.