Barings BDC, Inc. Reports Material Event

Barings BDC, Inc. entered into a First Amendment to its Amended and Restated Senior Secured Credit Agreement with ING Capital LLC and other lenders.

Accepted by SEC EDGAR 11/17/2025 - 04:15 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Barings BDC, Inc. entered into a First Amendment to its Amended and Restated Senior Secured Credit Agreement with ING Capital LLC and other lenders. The amendment extends the revolving period under the ING credit facility from November 5, 2028 to November 13, 2029 and pushes the stated maturity date from November 5, 2029 to November 13, 2030, giving the company a longer committed funding horizon. It also adds a new €85,000,000 term loan facility, increasing the available debt financing under the agreement.

Insights

Credit & Capital Structure Analyst

Barings BDC extends its ING credit facility and adds a €85M term loan.

Barings BDC has amended its senior secured credit agreement with ING and a lender group. The changes push the revolving period end to November 13, 2029 and extend the stated maturity to November 13, 2030, which lengthens the timeframe over which committed bank financing is available.

The amendment also introduces a new €85,000,000 term loan facility. This expands the overall borrowing capacity in euros, which may align with euro-denominated investments or funding needs, but the excerpt does not detail pricing, covenants, or utilization.

From a capital-structure perspective, this is a meaningful liquidity and tenor update but not necessarily thesis-changing on its own. Future disclosures in periodic reports can provide detail on actual borrowings under the new term loan and how the extended facility supports Barings BDC’s investment portfolio.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001379785FALSE00013797852025-11-132025-11-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 13, 2025

_________________________________________________________

Barings BDC, Inc.

(Exact name of registrant as specified in its charter)

 _________________________________________________________

Maryland

814-00733

06-1798488

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

300 South Tryon Street, Suite 2500 Charlotte, North Carolina

28202

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (704) 805-7200

N/A

(Former name or former address, if changed since last report.)

_________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class			Trading Symbol			Name of Each Exchange on Which Registered
Common Stock, par value $0.001 per share			BBDC			The New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01.    Entry into a Material Definitive Agreement.    

The information contained in Item 2.03 of this Current Report on Form 8-K is incorporated by reference in this Item 1.01.

Item 2.03    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On November 13, 2025, Barings BDC, Inc. (“BBDC”) entered into an amendment (the “First Amendment”) to that certain Amended and Restated Senior Secured Credit Agreement, dated as of November 5, 2024 (as amended by the First Amendment, the “ING Credit Facility”) among BBDC, as borrower, Energy Hardware Holdings, Inc., as subsidiary guarantor, the lenders party thereto and ING Capital LLC, as administrative agent.

The First Amendment, among other changes (a) extended the revolving period under the ING Credit Facility from November 5, 2028 to November 13, 2029; (b) extended the stated maturity date from November 5, 2029 to November 13, 2030; and (c) added a new €85,000,000 term loan facility.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
10.1*						First Amendment dated November 13, 2025 to the Amended and Restated Senior Secured Credit Agreement, dated as of November 5, 2024, by and among, among others, Barings BDC, Inc., as borrower, the lenders party thereto, and ING Capital LLC, as administrative agent.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)
*Schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Barings BDC, Inc.

Date: November 17, 2025

By:

/s/    Elizabeth A. Murray

Elizabeth A. Murray

Chief Financial Officer and

Chief Operating Officer