Every 8-K that Barings BDC, Inc. (BBDC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BBDC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BBDC filings page.
Barings BDC, Inc. reported total investment income of $65.2 million for the quarter ended June 30, 2026. Net investment income was $29.0 million, or $0.28 per share, leading to a net increase in net assets from operations of $18.3 million, or $0.18 per share. Net investment income per share exceeded the regular quarterly dividend of $0.26.
As of June 30, 2026, the investment portfolio at fair value was $2,458.6 million and net asset value per share was $10.94, down $0.08 from the prior quarter, primarily reflecting $0.28 per share of net unrealized depreciation, partially offset by $0.18 per share of net realized gains and other items. Debt outstanding was $1,409.7 million, with a debt-to-equity ratio of 1.23x and a net debt-to-equity ratio of 1.18x.
Management stated that it continued to generate strong earnings and over earned the dividend, citing a predominantly senior secured portfolio and portfolio deployment. The company terminated the prior Sierra credit support agreement, providing $67 million for reinvestment, and the board declared a third-quarter 2026 cash dividend of $0.26 per share, payable September 9, 2026 to stockholders of record on September 2, 2026.
Barings BDC, Inc. entered a new Credit Support Agreement with its adviser Barings LLC and simultaneously terminated a prior support agreement. The new agreement provides downside protection on two remaining Sierra legacy investments with a fair value of $10,994,928 as of May 29, 2026, by obligating the adviser to cover future losses up to that amount through fee waivers and, if needed, a cash payment.
Under a separate termination agreement, the adviser will pay $67,027,611 in cash to Barings BDC by June 30, 2026 to fully satisfy prior credit support on realized, small, or loss‑position investments. Any payment under the new support agreement will be excluded from incentive fee calculations.
Barings BDC, Inc. reported first quarter 2026 results, generating total investment income of $60.6 million and net investment income of $25.9 million, or $0.25 per share. Net assets rose by $20.0 million, or $0.19 per share, while net asset value per share slipped slightly to $11.02 from $11.09 as of December 31, 2025.
The Board declared a $0.26 per-share cash dividend for the second quarter of 2026, payable June 10, 2026 to stockholders of record on June 3, 2026. The Board also previously authorized a $30.0 million share repurchase program effective March 1, 2026 through March 1, 2027, although no shares were repurchased in the quarter.
As of March 31, 2026, Barings BDC’s investment portfolio at fair value was $2.37 billion, with total assets of $2.60 billion, total net assets of $1.15 billion, and a debt-to-equity ratio of 1.24x. Stockholders also elected three Class II directors to terms ending at the 2029 annual meeting.
Barings BDC, Inc. reported solid fourth quarter and full-year 2025 results while modestly growing book value through earnings and buybacks. For Q4 2025, the company generated total investment income of $67.97 million and net investment income of $28.0 million, or $0.27 per share, slightly above the regular quarterly dividend.
For full-year 2025, net investment income was $117.8 million, or $1.12 per share, versus regular dividends of $1.04 per share and special dividends of $0.15 per share. The investment portfolio at fair value was $2.40 billion as of December 31, 2025, with a weighted average yield on performing debt investments of 9.5%. Net asset value stood at $11.09 per share, and the debt-to-equity ratio was 1.24x (net debt-to-equity 1.15x).
The Board declared a $0.26 per share cash dividend for the first quarter of 2026, with a record date of March 4, 2026 and payment on March 11, 2026. The company also highlighted very low non-accruals of about 0.2% of fair value, supporting management’s view of strong credit quality.
Barings BDC is actively managing its capital structure. Under a prior repurchase plan, it bought back 702,054 shares at an average price of $9.04. The Board has now authorized a new 12‑month share repurchase program of up to $30 million, allowing open-market repurchases below net asset value at the company’s discretion.
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.
Barings BDC, Inc. (BBDC) announced a CEO transition. Eric Lloyd will resign as Chief Executive Officer effective December 31, 2025, and will continue as Executive Chairman of the Board. The Board appointed Thomas Q. McDonnell, 59, to serve as Chief Executive Officer effective January 1, 2026.
The company states Mr. Lloyd’s resignation is not due to any disagreement regarding operations, policies, or accounting. The filing notes no arrangements or family relationships tied to Mr. McDonnell’s appointment and no related‑party transactions requiring disclosure. The company issued a press release on November 6, 2025, attached as Exhibit 99.1.
Barings BDC (BBDC) furnished an update on its latest results. The company issued a press release announcing financial results for the quarter ended September 30, 2025, furnished as Exhibit 99.1. It also made a supplemental investor presentation available on its website in connection with its third-quarter 2025 earnings release. The information under Items 2.02 and 7.01 was furnished and is not deemed filed under the Exchange Act.
Barings BDC, Inc. announced a quarterly cash dividend of $0.26 per share on its common stock. The dividend is designated as a quarterly cash distribution and will be payable on Dec 10, 2025 to stockholders of record as of Dec 3, 2025. The company attached a press release as an exhibit to the report and clarified that the press release information is furnished rather than filed for Exchange Act purposes. No other financial metrics or operational changes were disclosed in the report.
Barings BDC, Inc. entered into a Third Supplemental Indenture with U.S. Bank Trust Company to issue $300.0 million aggregate principal amount of 5.200% notes due 2028. The notes mature on September 15, 2028, pay interest semi-annually on March 15 and September 15 starting March 15, 2026, and can be redeemed at par plus a make-whole premium before August 15, 2028, and at par on or after that date.
The notes are general unsecured obligations, ranking senior to subordinated debt, equal with other unsecured unsubordinated debt, effectively junior to secured debt and structurally junior to subsidiary-level obligations. The Indenture includes asset coverage and reporting covenants and requires a repurchase offer at 100% of principal plus accrued interest if a defined change of control repurchase event occurs.
The notes were issued under an effective shelf registration, and the transaction closed on September 15, 2025. Net proceeds were approximately $294.7 million, which the company intends to use to repay borrowings under its senior secured credit facility, with the ability to reborrow for general corporate purposes, including portfolio investments. In connection with the issuance, the company entered into a $300.0 million notional interest rate swap, receiving a fixed 5.200% rate and paying a compounded daily SOFR-based rate plus 2.059% through September 15, 2028.
Barings BDC, Inc. entered into an underwriting agreement on September 8, 2025 for the issuance and sale of $300 million aggregate principal amount of its 5.200% senior, unsecured notes due 2028. The agreement is among the company, Barings LLC, and a syndicate of underwriters led by J.P. Morgan Securities LLC, ING Financial Markets LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc.
The notes are being offered under Barings BDC’s effective shelf registration statement on Form N-2, using a preliminary and final prospectus supplement each dated September 8, 2025. The underwriting agreement includes customary representations, warranties, covenants, and indemnification and contribution provisions for the company, Barings LLC, and the underwriters.