Barings Private Credit Corp: debt financing — Barings Private Credit closes $499M CLO securitization backed by middle-market loans

Barings Private Credit Corp

Issued $499M notes: $275M Class A (SOFR+1.45%), $65M Class B (SOFR+2.00%), $30M Class C (SOFR+2.50%), and $129M Subordinated Notes (no interest).
Proceeds used to purchase loans from subsidiary BPC Funding, which will repay its revolving credit facility.
Company retained all $129M subordinated notes as retention holder to satisfy risk-retention regulations.
Notes mature May 2034; callable after May 2027. Secured notes are secured obligations under the indenture.

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 loan of $499,000,000 with BNP Paribas Securities Corp. at SOFR plus 1.45% maturing May 22, 2034.

Instrument: loan
Principal: $499,000,000
Counterparty: BNP Paribas Securities Corp.
Rate: SOFR plus 1.45%
Maturity: May 22, 2034
Event: incurrence

Exact text from the filing

On May 22, 2026 (the “CLO Closing Date”), Barings Private Credit Corporation (the “Company”) completed a $499,000,000 term debt securitization

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

Barings Private Credit Corp entered into CLO Purchase Agreement with BNP Paribas Securities Corp. valued at $499,000,000 (effective 2026-05-22).

Action: entry
Agreement: notes offering
Counterparty: BNP Paribas Securities Corp.
Value: $499,000,000
Effective: 2026-05-22

Exact text from the filing

On May 22, 2026 (the “CLO Closing Date”), Barings Private Credit Corporation (the “Company”) completed a $499,000,000 term debt securitization (the “2026 Debt Securitization”).

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Source: SEC EDGAR

accession 0001859919-26-000047

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