Barings BDC Inc (N:BBDC)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 South Tryon Street, Suite 2500 CHARLOTTE NC 28202 |
| Tel: | N/A |
| Website: | https://ir.barings.com |
| IR: | See website |
| Key People | ||
| Eric J. Lloyd Executive Chairman of the Board, Chief Executive Officer | Matthew Freund President, Co-Portfolio Manager | Elizabeth A. Murray Chief Financial Officer, Chief Operating Officer |
| Gregory Wayne MacCordy Chief Compliance Officer | Ashlee E. Steinnerd Chief Legal Officer | Alexandra Pacini Company Secretary |
| Business Overview |
| Barings BDC, Inc. is a closed-end, non-diversified investment company. The Company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth or refinancing. The Company invest in predominately senior secured private debt investments in middle-market businesses that operate across a range of industries. It invests primarily in loans that have terms of between five and seven years, and bear interest at rates ranging from London Interbank Offered Rate (LIBOR) (or an applicable successor rate) plus 450 basis points to LIBOR plus 650 basis points per annum. Its investment capabilities include first lien debt, unitranche, second lien debt and equity co-investments. It invests in various industries, including manufacturing and distribution, business services and technology, and transportation and logistics. Its investment activities are managed by its investment adviser, Barings LLC. |
| Financial Overview |
| For the three months ended 31 March 2024, Barings BDC Inc revenues increased 4% to $69.8M. Net income increased 11% to $44M. Revenues reflect Interest Income-Non-Control / Non-Affili increase of 4% to $53.2M, Interest Income - Invest increase of 8% to $8.5M, Interest Income-Affiliate investments increase from $380K to $957K. Net income benefited from Unrealized G/L on Investment Securities increase from $7.3M (expense) to $11.8M |
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