Welcome to our dedicated page for Bain Capital Specialty Finance news (Ticker: BCSF), a resource for investors and traders seeking the latest updates and insights on Bain Capital Specialty Finance stock.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) is an externally managed specialty finance company that focuses on lending to middle-market companies and operates as a business development company under the Investment Company Act of 1940. Its news flow provides insight into how the company originates and manages secured credit investments, finances its balance sheet and returns capital to shareholders.
BCSF regularly issues press releases announcing quarterly and annual financial results, along with details on net investment income, net income per share, net asset value per share and portfolio composition. These updates often highlight the mix of first lien senior secured loans, second lien loans, subordinated debt, preferred equity, equity interests and investment vehicles in its portfolio, as well as the percentage of floating rate debt investments and the level of non-accruals.
Investors following BCSF news will also see frequent announcements about dividends. The company has disclosed recurring quarterly dividends on its common stock, additional dividends for specific years and special dividends, such as a $0.15 per share special dividend intended to manage tax and RIC distribution requirements. Dividend declarations are typically accompanied by record and payment dates and are furnished to the SEC via Form 8-K.
Other notable news items include capital markets transactions and financing activities, such as the pricing and issuance of senior unsecured notes due 2030 and the refinancing of a term debt securitization through a CLO reset transaction. BCSF also announces the scheduling of earnings releases and conference calls, providing dial-in details and webcast information, and discloses certain management and governance changes through press releases and related 8-K filings.
This news page aggregates these updates so readers can review earnings announcements, dividend decisions, capital structure developments and portfolio-related disclosures for Bain Capital Specialty Finance, Inc. over time.
Bain Capital Specialty Finance (NYSE: BCSF) has announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 27, 2025, after market close. The company will host a conference call to discuss these results on Friday, February 28, 2025, at 8:00 a.m. Eastern Time.
Investors can access the conference call through domestic (1-800-267-6316) or international (1-203-518-9783) dial-in numbers. A slide presentation will be available on BCSF's website. An archived replay of the call will be accessible until March 7, 2025, via the company's website and dedicated replay numbers.
Bain Capital Specialty Finance (NYSE: BCSF) has announced the pricing of $350 million aggregate principal amount of 5.950% senior notes due 2030. The notes will mature on March 15, 2030, with an option for early redemption at par one month prior to maturity. The offering is expected to close around February 6, 2025.
The company plans to use the net proceeds to repay outstanding secured indebtedness under its financing arrangements and for general corporate purposes. The offering is being managed by several financial institutions, with SMBC Nikko Securities America, Wells Fargo Securities, BNP Paribas Securities, Santander US Capital Markets, J.P. Morgan Securities, and MUFG Securities Americas acting as joint book-running managers.
Bain Capital Specialty Finance (BCSF) reported strong Q3 2024 financial results with net investment income (NII) of $0.53 per share, representing an 11.9% annualized NII yield. The company's net asset value increased to $17.76 per share from $17.70 in the previous quarter. Total investment portfolio reached $2.4 billion across 159 portfolio companies. The Board declared a Q4 2024 dividend of $0.42 per share plus an additional $0.03 per share. Gross and net investment fundings were $413.1 million and $165.1 million respectively, with a net debt-to-equity ratio of 1.09x.
Bain Capital Specialty Finance (NYSE: BCSF) has announced its schedule for reporting third quarter 2024 financial results. The company will release its earnings on Tuesday, November 5, 2024 after market close, followed by a conference call on Wednesday, November 6, 2024 at 9:30 a.m. Eastern Time.
Investors can access the conference call via webcast on BCSF's website or by dialing in. The domestic call-in number is 1-800-343-4849, while the international number is 1-203-518-9848. The conference ID is BAIN.
An archived replay of the call will be available until November 13, 2024, through the company's website or by calling 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with the conference ID 11157443.
Bain Capital Specialty Finance (NYSE: BCSF) reported Q2 2024 financial results and declared a Q3 2024 dividend of $0.42 per share. Key highlights include:
- Net investment income (NII) per share: $0.51
- Net income per share: $0.45
- Net asset value per share: $17.70 (unchanged from Q1)
- Gross investment fundings: $306.7 million
- Net investment fundings: $(167.0) million
- Net debt-to-equity ratio: 0.95x (down from 1.09x in Q1)
- Non-accrual investments: 1.2% of portfolio at amortized cost (down from 1.7% in Q1)
The company increased its revolving credit facility commitments to $855 million and extended the maturity date to May 2029. BCSF's investment portfolio had a fair value of $2,237.5 million across 154 companies in 32 industries as of June 30, 2024.
Bain Capital Specialty Finance (NYSE: BCSF) announced it will release its financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, after market close. The company's management will host a conference call to discuss these results on Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time. The conference call will be accompanied by a slide presentation available on the Investor Resources section of the company's website. Participants can join the call by dialing provided domestic and international numbers and using the conference ID 'BAIN.' A replay will be accessible until August 14, 2024, via webcast and dial-in numbers.
Bain Capital Specialty Finance (NYSE: BCSF) announced an increase in commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking from $665 million to $855 million, extending the maturity date to May 18, 2029. The number of lenders increased to 14 without changing borrowing costs. The interest rate remains based on SOFR with a 0.10% credit spread adjustment and an additional percentage depending on debt outstanding. CEO Michael Ewald and CFO Amit Joshi emphasized the facility's role in enhancing the company's capital position and supporting investment opportunities.
Bain Capital Specialty Finance, Inc. announced strong financial results for Q1 2024, declaring a dividend of $0.42 per share for Q2 2024. The company showcased high net investment income, improved credit quality, and NAV growth. Key financial highlights included NII per share of $0.53, net asset value per share of $17.70, and gross and net investment fundings of $403.1 million and $107.1 million, respectively. Additionally, Fitch Ratings affirmed the Company's investment grade rating of BBB-. The investment portfolio stood at $2,406.0 million, with a fair value yield of 13.0%. Capital and liquidity remained strong, with total principal debt outstanding at $1,364.5 million and debt-to-equity ratios of 1.19x and 1.09x.
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