Barings BDC prices $300M of 5.200% notes due 2028

Published 2 months ago Negative
Barings BDC prices $300M of 5.200% notes due 2028
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* Barings BDC (NYSE:BBDC [https://seekingalpha.com/symbol/BBDC]) has priced a $300M public offering of 5.200% notes due 2028.
* The notes bear 5.200% annual interest, payable semiannually, and mature on September 15, 2028.
* The offering is expected to close on September 15, 2025.
* Net proceeds will initially be used to repay debt under the company’s February 2019 Credit Facility with ING Capital LLC.
* Barings BDC may reborrow under the facility for general corporate purposes, including investments aligned with its strategy.
* Source: Press release [https://seekingalpha.com/pr/20225016-barings-bdc-inc-prices-public-offering-of-300-million-of-5_200-percent-notes-due-2028]

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