Barings BDC Inc. has entered into a significant financial agreement, as reported on September 15, 2025. The company, in collaboration with the U.S. Bank Trust Company, National Association, has executed a Third Supplemental Indenture, supplementing the existing indenture from November 23, 2021. This agreement facilitates the issuance of $300 million in aggregate principal amount of 5.200% notes maturing in 2028. The proceeds from these notes are intended to repay existing indebtedness under the company's senior secured credit facility, originally initiated in February 2019. Additionally, Barings BDC Inc. has engaged in a $300 million notional value interest rate swap, ensuring a fixed interest rate while managing exposure to fluctuating rates. This strategic financial move aims to optimize the company's debt structure and support general corporate purposes, including investments aligned with its objectives.