An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Bain Capital Specialty Finance, Inc. Receives Investment Grade Rating from KBRA
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
BOSTON--(BUSINESS WIRE)--
Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced that Kroll Bond Rating Agency, LLC (“KBRA”) has assigned the Company an investment grade rating of BBB and Stable outlook.
“We appreciate KBRA’s thoughtful diligence in assigning BCSF an investment grade rating, which reflects our well-diversified, largely senior secured investment portfolio, diversified funding mix, and Bain Capital Credit’s 25-years of experience investing in the private debt markets, from which the Company benefits,” said Michael Boyle, President of BCSF. “We are pleased to further strengthen our capital position with an additional investment grade rating.”
About Bain Capital Specialty Finance, Inc.
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. BCSF is managed by BCSF Advisors, LP, an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, LP. Since commencing investment operations on October 13, 2016, and through September 30, 2022, BCSF has invested approximately $6.2 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. BCSF’s investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. BCSF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.
Forward-Looking Statements
This letter may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this letter may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the U.S. Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this letter.
bain capital is a leading, private, multi-asset alternative investment firm with offices in boston, new york, chicago, san francisco, palo alto, london, munich, dublin, hong kong, tokyo, shanghai, mumbai, melbourne and sydney. bain capital has approximately $85 billion in assets under management and more than 950 employees worldwide. founded in 1984, bain capital has advanced a consulting-based approach to private equity investment and partners closely with management teams around the world to develop valuable insights that drive long-term value to businesses and markets. we have expanded this approach outside of private equity to several asset classes including credit, fixed income, public equity and venture capital. bain capital is dedicated to responsible business practices and incorporates environmental, social and governance (esg) standards into our investment approach. our mission is to create lasting impact for our investors, teams, businesses and the communities in which we liv
