Earnings summaries and quarterly performance for Barings BDC.
Executive leadership at Barings BDC.
Eric Lloyd
Detailed
Chief Executive Officer; Executive Chairman of the Board
CEO
Thomas McDonnell
Detailed
Chief Executive Officer (effective January 1, 2026)
CEO
AS
Ashlee Steinnerd
Detailed
Chief Legal Officer
EM
Elizabeth Murray
Detailed
Chief Operating Officer and Chief Financial Officer
IB
Itzbell Branca
Detailed
Chief Compliance Officer
MF
Matthew Freund
Detailed
President and Co-Portfolio Manager
Board of directors at Barings BDC.
Research analysts who have asked questions during Barings BDC earnings calls.
CA
Casey Alexander
Compass Point Research & Trading, LLC
5 questions for BBDC
Also covers: ARCC, BXSL, FSK +14 more
Finian O'Shea
Wells Fargo Securities
5 questions for BBDC
Also covers: ARCC, BCSF, BRDG +18 more
DH
Derek Hewett
Bank of America
3 questions for BBDC
Also covers: ARCC, BCSF, CCAP +5 more
Heli Sheth
Raymond James
3 questions for BBDC
Also covers: BXSL, GBDC, MFIC +4 more
RD
Robert Dodd
Raymond James
2 questions for BBDC
Also covers: , ARCC, BXSL +24 more
Recent press releases and 8-K filings for BBDC.
Clip Money Inc. Secures CAD$3 Million Loan from BDC
BBDC
Debt Issuance
New Projects/Investments
- Clip Money Inc. secured a CAD$3 million loan from Business Development Bank of Canada (BDC).
- The loan, which matures on August 15, 2028, will be used for working capital and growth initiatives.
- The interest rate is BDC's floating base rate (which was 6.8% per annum as of October 24, 2025) plus 1% per annum, with an additional interest component of 7.45% per annum.
- The financing is non-dilutive and is secured by a first-ranking security interest over Clip Money's assets.
Dec 18, 2025, 1:01 PM
DIRTT Secures C$15 Million Loan from BDC and Refinances Debentures
BBDC
Debt Issuance
New Projects/Investments
- DIRTT Environmental Solutions Ltd. entered into a letter agreement with the Business Development Bank of Canada (BDC) for a loan of up to C$15.0 million.
- The loan will be disbursed in two tranches: an initial C$10.0 million and a secondary C$5.0 million, with monthly principal repayments commencing in May 2026 and the loan maturing on April 30, 2032.
- The proceeds from this loan are primarily expected to partially refinance the Company's outstanding 6.00% convertible debentures due January 31, 2026.
- The remaining C$1.6 million principal amount of the debentures is anticipated to be repaid using cash on hand.
Dec 11, 2025, 10:00 PM
Bridge Data Centres: Bain Capital Explores Strategic Options
BBDC
M&A
New Projects/Investments
- Bain Capital is exploring strategic options for its Singapore-based portfolio company, Bridge Data Centres (BDC), including a potential stake sale or the establishment of a continuation fund to raise capital for expansion across Asia.
- This strategic review is driven by rising demand for data center capacity due to cloud adoption and artificial intelligence workloads, with any deal potentially valuing BDC in the multi-billion dollar range.
- BDC operates hyperscale and colocation data centres in Malaysia, Thailand, and India, and this follows Bain's recent $4 billion sale of its China data centre business, ChinData.
Dec 8, 2025, 8:51 AM
Barings BDC, Inc. Amends Senior Secured Credit Agreement
BBDC
Debt Issuance
- Barings BDC, Inc. (BBDC) entered into Amendment No. 1 to its Amended and Restated Senior Secured Credit Agreement on November 13, 2025.
- The amendment provides for new Term Commitments in an aggregate principal amount of €85,000,000.
- The Maturity Date of the credit agreement has been extended to November 13, 2030.
Nov 17, 2025, 9:15 PM
Kayne Anderson BDC, Inc. Announces Q3 2025 Financial Results and Q4 2025 Dividend
BBDC
Earnings
Dividends
Share Buyback
- Kayne Anderson BDC, Inc. reported net investment income of $30.0 million, or $0.43 per share, for the quarter ended September 30, 2025.
- The company's net asset value decreased to $16.34 per share as of September 30, 2025, from $16.37 per share as of June 30, 2025.
- The Board of Directors declared a regular dividend of $0.40 per share for the fourth quarter of 2025, to be paid on January 16, 2026, to stockholders of record as of December 31, 2025.
- During the quarter ended September 30, 2025, the company made new private credit and equity co-investment commitments of $295.5 million.
- From October 1, 2025, to November 5, 2025, the company repurchased 1,369,049 shares of common stock at an average price of $13.99 per share, totaling $19.2 million.
Nov 10, 2025, 9:19 PM
Barings BDC Announces Q3 2025 Results and CEO Transition
BBDC
CEO Change
Earnings
Dividends
- Barings BDC announced a leadership transition, with Tom McDonald succeeding Eric Lloyd as Chief Executive Officer effective January 1, 2026; Eric Lloyd will continue to serve as Executive Chairman of the Board.
- For the third quarter of 2025, Net Investment Income (NII) was $0.32 per share, an increase from $0.28 per share in the prior quarter, and Net Asset Value (NAV) per share was $11.10.
- The board declared a fourth-quarter dividend of $0.26 per share, consistent with the prior quarter, which was covered by the NII.
- The portfolio's credit quality remains strong, with Barings-originated positions making up 95% of the portfolio at fair value, and non-accruals (excluding the Sierra CSA) at 0.4% of assets on a fair value basis.
- The net leverage ratio stood at 1.26 times at quarter-end, and the company issued $300 million of senior unsecured notes during the quarter.
Nov 7, 2025, 2:00 PM
BBDC Announces Q3 2025 Financial Results
BBDC
Earnings
Dividends
Debt Issuance
- BBDC reported a Net Asset Value (NAV) per share of $11.10 as of September 30, 2025, and Net Investment Income (NII) per share of $0.32 for the quarter ended September 30, 2025.
- The Board of Directors approved a $0.26 per share regular dividend for Q4 2025, in addition to a $0.05 special dividend for Q2, Q3, and Q4 2025.
- As of September 30, 2025, the portfolio's weighted-average yield was 9.9%, with 75% in secured debt and 0.4% of assets on non-accrual.
- The net debt-to-equity ratio was 1.26x as of September 30, 2025, which is slightly above the targeted range of 0.9x – 1.25x. Total originations for the quarter were $149 million, resulting in $81 million of net repayments.
Nov 7, 2025, 2:00 PM
Barings BDC Reports Strong Q3 2025 Financial Results
BBDC
Earnings
Dividends
New Projects/Investments
- Barings BDC reported strong financial results for Q3 2025, with net investment income of $0.32 per share and $33.6 million, surpassing earnings estimates and covering both regular and special dividends.
- The company deployed nearly $150 million into new and existing portfolio companies during the quarter.
- Despite a slight decrease in net asset value per share and a $4.8 million net realized loss from a restructuring, Barings BDC maintained robust credit outcomes.
- While Barings BDC's shares have underperformed the S&P 500 in 2025, analysts maintain a positive outlook with a Buy rating and a price target of $10.75.
Nov 7, 2025, 12:20 PM
Barings BDC Announces Q3 2025 Financial and Operating Results
BBDC
Earnings
Debt Issuance
Dividends
- Barings BDC reported net investment income of $0.32 per share for the third quarter of 2025, which fully covered its regular and special dividends.
- The company's net asset value (NAV) per share was $11.10 as of September 30, 2025, a decrease from $11.18 as of June 30, 2025, primarily due to net unrealized depreciation.
- During the third quarter of 2025, Barings BDC deployed almost $150 million across new and existing portfolio companies, including 14 new investments totaling $78.6 million.
- On September 15, 2025, Barings BDC issued $300.0 million in aggregate principal amount of senior unsecured notes due September 15, 2028, with an interest rate of 5.200% per annum.
- The Board declared a quarterly cash dividend of $0.26 per share for the fourth quarter of 2025, payable on December 10, 2025.
Nov 6, 2025, 9:18 PM
Barings BDC Reports Third Quarter 2025 Results
BBDC
Earnings
Dividends
Debt Issuance
- Barings BDC, Inc. reported net investment income of $33.6 million, or $0.32 per share, for the third quarter of 2025.
- The net asset value (NAV) per share was $11.10 as of September 30, 2025, a decrease from $11.18 as of June 30, 2025, primarily due to net unrealized depreciation.
- The company's investment portfolio at fair value was $2,536.3 million as of September 30, 2025, with a weighted average yield on performing debt investments of 9.8%.
- A quarterly cash dividend of $0.26 per share was declared on October 6, 2025, payable on December 10, 2025. Additionally, special dividends of $0.05 per share were paid during the third quarter of 2025.
- The debt-to-equity ratio was 1.40x as of September 30, 2025. The company also issued $300.0 million in senior unsecured notes on September 15, 2025.
Nov 6, 2025, 9:15 PM
Quarterly earnings call transcripts for Barings BDC.
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