Barings Private Credit Corp: debt financing — Barings Private Credit issues $350M 5.750% notes due 2029, net proceeds ~$344.2M

Barings Private Credit Corp

$350M aggregate principal of 5.750% notes due Feb 6, 2029; net proceeds ~$344.2M.
Notes are unsecured senior obligations; rank pari passu with existing unsecured debt.
Proceeds to repay credit facilities, invest in portfolio companies, and general corporate purposes.
Entered interest rate swap with $350M notional: receive 5.750%, pay SOFR+2.383% semi-annually.
Registration rights agreement requires exchange offer registration within 365 days; failure triggers additional interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Barings Private Credit Corp incurred senior notes of $350,000,000 with U.S. Bank Trust Company, National Association at 5.750% maturing February 6, 2029.

Instrument: senior notes
Principal: $350,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.750%
Maturity: February 6, 2029
Event: incurrence

Exact text from the filing

The Second Supplemental Indenture relates to the Company’s issuance of $350,000,000 in aggregate principal amount of its 5.750% notes due 2029 (the “Notes”). The Notes will mature on February 6, 2029

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Barings Private Credit Corp entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $350,000,000 in aggregate principal amount (effective 2026-02-06).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $350,000,000 in aggregate principal amount
Effective: 2026-02-06

Exact text from the filing

Barings Private Credit Corporation (the “Company”) and U.S. Bank Trust Company, National Association (the “Trustee”) entered into a Second Supplemental Indenture, dated February 6, 2026 (the “Second Supplemental Indenture"), to the Indenture between the Company and the Trustee, dated June 11, 2025 (the “Base Indenture” and, together with the Second Supplemental Indenture , the “Indenture” ).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Barings Private Credit Corp entered into Registration Rights Agreement with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC and Wells Fargo Securities, LLC, as the representatives of the Initial Purchasers (effective 2026-02-06).

Action: entry
Counterparty: SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC and Wells Fargo Securities, LLC, as the representatives of the Initial Purchasers
Effective: 2026-02-06

Exact text from the filing

the Company entered into a Registration Rights Agreement, dated as of February 6, 2026 (the “Registration Rights Agreement”), with SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC and Wells Fargo Securities, LLC, as the representatives of the Initial Purchasers.

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Source: SEC EDGAR

accession 0001859919-26-000016

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