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, Inc. (NYSE: BCSF) will report its financial results for the fourth quarter and fiscal year ended December 31, 2022, on February 28, 2023, after market close. A conference call to discuss these results is scheduled for March 1, 2023, at 8:30 a.m. Eastern Time. The call will be accessible via a webcast link on the company's website, and participants can dial in using specified numbers. BCSF, managed by BCSF Advisors, L.P., focuses on middle-market lending and has invested approximately $6.2 billion since its inception on October 13, 2016.
Bain Capital Specialty Finance reported positive financial results for Q3 2022, with net investment income per share reaching $0.53, up from $0.41 in Q2 2022. Total investment income increased to $62.8 million, driven by rising interest rates affecting floating rate loans, while expenses rose to $28.7 million. The company declared a quarterly dividend of $0.36 per share, a 6% increase reflecting optimism about earnings power. Net asset value per share declined to $16.98 from $17.15. Total principal debt stood at $1.37 billion.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will report its financial results for Q3 ended
Bain Capital Specialty Finance, Inc. (BCSF) reported financial results for Q2 2022, achieving net investment income per share of $0.41, up from $0.34 in Q1 2022. However, net income per share declined to $0.27 from $0.52. The total fair value of investments reached $2.287 billion, with net investment fundings of $149.5 million. The debt-to-equity ratio increased to 1.14x from 0.99x. A dividend of $0.34 per share was declared for Q3 2022, payable on October 28, 2022. The company retains one portfolio company on non-accrual status, impacting 1.4% of the total portfolio at fair value.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will announce its financial results for Q2 2022 on August 3, 2022, after market close. A conference call is scheduled for August 4, 2022, at 8:30 a.m. Eastern Time to discuss these results. Participants can access the call via a provided link or by dialing domestic and international numbers. An archived replay will be available through August 11, 2022. Since October 2016, BCSF has invested approximately $5.3 billion in debt and equity investments, focusing on middle-market companies.
Bain Capital Specialty Finance reported Q1 2022 earnings with net investment income per share of $0.34, consistent with the previous quarter. Net income per share rose to $0.52 from $0.35 year-over-year. The net asset value per share improved to $17.22, up from $17.04. New investment fundings totaled $371 million, but net funded portfolio changed negatively by $150 million due to contributions to the new joint venture, Bain Capital Senior Loan Program. The company also declared a $0.34 dividend for Q2 2022 and received an investment grade rating of BBB- from Fitch Ratings.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) has received an investment grade rating of BBB- with a Stable outlook from Fitch Ratings. This rating reflects the company's robust portfolio, strong funding flexibility, and the support from Bain Capital Credit's platform. President Michael Boyle noted that this rating is expected to enhance the firm's access to capital markets and create opportunities for shareholder value enhancement. Since its inception on October 13, 2016, BCSF has invested approximately $5.1 billion in debt and equity investments.
Bain Capital Specialty Finance, Inc. (BCSF) will report its financial results for Q1 ending March 31, 2022, on May 5, 2022, after market close. A conference call to discuss these results is scheduled for May 6, 2022, at 8:30 a.m. Eastern Time. Interested parties can access the call via a dedicated webcast or by dialing in. BCSF has invested approximately $5.1 billion in debt and equity since operations began in October 2016, focusing on middle-market lending with an objective to generate income and capital appreciation.
Bain Capital Specialty Finance (BCSF) reported its Q4 and FY 2021 financial results, highlighting a stable dividend of $0.34 per share for Q1 2022. Q4 net investment income per share was $0.34, with a net income per share of $0.35. The net asset value per share increased to $17.04. The company improved its balance sheet by increasing unsecured debt to 50% of its total funding. BCSF’s investment portfolio had a fair value of $2.29 billion, with no investments in non-accrual status as of December 31, 2021.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) announced the formation of the Bain Capital Senior Loan Program (SLP), enabling enhanced balance sheet flexibility for middle market loan opportunities in North America.
The SLP initialized with $358 million in capital commitments, with BCSF holding a 50% ownership. This program aims to increase the company's investment capacity and potential earnings over time, according to President Michael Boyle.