debt
confidence high
sentiment neutral
materiality 0.60
Barings Private Credit Corp. closes $500M revolving credit facility with accordion up to $850M
Barings Private Credit Corp
- Initial borrowing capacity of $500M; can be increased to $850M via accordion provision.
- Borrowings bear interest at Daily Simple SOFR plus 2.15% per annum.
- Facility matures June 3, 2031; revolving period ends June 1, 2029.
- Secured by first-priority lien on all portfolio investments of subsidiary BPC Funding 2 LLC.
- Non-recourse to Barings Private Credit Corp.; limited to equity investment in the borrower.