Here are the 424B prospectus supplements from Bain Capital Specialty Finance, Inc. (BCSF) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BCSF 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 BCSF filings page.
Bain Capital Specialty Finance, Inc. is issuing $350,000,000 aggregate principal amount of 5.950% senior unsecured notes due March 1, 2031. The notes are priced at 98.935% of face value, pay interest semi-annually on March 1 and September 1 beginning September 1, 2026, and may be redeemed by the company at any time, including at par on or after February 1, 2031, or at a make-whole premium before that date.
The notes rank pari passu with the company’s other unsecured unsubordinated debt, effectively junior to secured borrowings and structurally junior to subsidiary obligations. As of September 30, 2025, total consolidated indebtedness was about $1.5 billion, including approximately $0.5 billion of secured debt and $0.1 billion at subsidiaries. Net proceeds of approximately $342.5 million are expected to be used to repay outstanding secured indebtedness under existing financing arrangements and for general corporate purposes.
Investors receive a change-of-control repurchase right at 100% of principal plus accrued interest if a defined Change of Control Repurchase Event occurs. The notes are not insured by any government agency and are not expected to be listed on any securities exchange, so liquidity will depend on dealer market-making. The company operates as an externally managed business development company focused on senior and mezzanine lending to middle-market borrowers.
Bain Capital Specialty Finance, Inc. plans a public offering of new senior unsecured notes that will pay fixed cash interest semi-annually and mature on a specified future date. The notes may be redeemed early at the company’s option and investors can require repurchase at 100% of principal plus accrued interest if a defined Change of Control Repurchase Event occurs.
The notes will rank equally with the company’s other unsecured unsubordinated debt, be effectively junior to secured borrowings, and structurally junior to obligations of subsidiaries. As of September 30, 2025, total consolidated indebtedness was approximately $1.5 billion, including about $0.5 billion of secured debt and $0.9 billion of direct unsecured indebtedness.
The company expects to use net proceeds primarily to repay outstanding secured indebtedness under its existing financing arrangements and for general corporate purposes, with future borrowings potentially used to fund investments in portfolio companies. The notes are not expected to be listed on an exchange, and an active trading market may not develop.