Barings BDC, Inc. has entered into an underwriting agreement for the issuance and sale of $300 million in senior unsecured notes due in 2028, with an interest rate of 5.200%. The agreement involves Barings LLC and several financial institutions, including J.P. Morgan Securities LLC and ING Financial Markets LLC. The offering is backed by the company's effective shelf registration statement on Form N-2, filed with the SEC. This development marks a strategic financial move for Barings BDC, aligning with customary securities regulations and indemnification commitments.
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