STOCK TITAN

Bain Capital Specialty Finance (NYSE: BCSF) ups credit line to $905M

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bain Capital Specialty Finance, Inc. entered into a Fourth Amendment to its Senior Secured Revolving Credit Agreement with Sumitomo Mitsui Banking Corporation, as administrative and collateral agent, and the lenders and issuing banks party to the agreement, effective July 28, 2026. The amendment increases the total facility amount from $855,000,000 to $905,000,000 and adds new lenders.

The amendment extends the revolver availability period from May 19, 2028 to July 26, 2030 and extends the scheduled maturity date from May 18, 2029 to July 28, 2031. It also removes the credit adjustment spread for Term SOFR Loans, while other terms of the Credit Agreement remain materially unchanged.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment is reported as a direct financial obligation, with no draw or proceeds receipt disclosed.

The company reports the July 28 Fourth Amendment as a material definitive agreement and identifies it under Item 2.03 as creating a direct financial obligation of the registrant.

Form 8-K filings report specified material events, with item numbers identifying the event category; this filing therefore records the amendment in both its agreement and financial-obligation reporting categories.

The filing describes amended facility terms, but does not report that the facility was drawn or that proceeds were received.

The complete amendment is filed as Exhibit 10.1, which is the document to review for terms beyond those summarized in the 8-K.

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, and exhibit attachments filed with this report.
Total facility amount after amendment $905,000,000 Senior Secured Revolving Credit Agreement size following Fourth Amendment dated July 28, 2026
Total facility amount before amendment $855,000,000 Senior Secured Revolving Credit Agreement size prior to the Fourth Amendment
Revolver availability end date after amendment July 26, 2030 Extended revolver availability period under the amended Credit Agreement
Revolver availability end date before amendment May 19, 2028 Original revolver availability period end date before the Fourth Amendment
Scheduled maturity date after amendment July 28, 2031 Extended scheduled maturity date of the revolving credit facility
Scheduled maturity date before amendment May 18, 2029 Original scheduled maturity date prior to the Fourth Amendment
Senior Secured Revolving Credit Agreement financial
"Fourth Amendment to Senior Secured Revolving Credit Agreement, dated July 28, 2026"
A senior secured revolving credit agreement is a loan contract that gives a company repeated access to borrowing up to a set limit, where lenders have first claim on specified assets if the company can’t pay. Think of it like a business credit card backed by collateral: it supplies short-term cash for operations or growth, sets rules about how the company can use funds, and matters to investors because it affects liquidity, borrowing cost, financial flexibility, and who gets paid first in a distress scenario.
revolver availability period financial
"an extension of the revolver availability period from May 19, 2028 to July 26, 2030"
Term SOFR Loans financial
"the removal of the credit adjustment spread for Term SOFR Loans"
credit adjustment spread financial
"(iv) the removal of the credit adjustment spread for Term SOFR Loans"
subsidiary guarantors financial
"the subsidiary guarantors party thereto"

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

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FAQ

What did Bain Capital Specialty Finance (BCSF) change in its credit facility on July 28, 2026?

Bain Capital Specialty Finance amended its Senior Secured Revolving Credit Agreement, raising the facility from $855,000,000 to $905,000,000, extending the revolver availability and maturity dates, removing the credit adjustment spread for Term SOFR Loans, and adding new lenders.

By how much was BCSF’s revolving credit facility increased?

The total committed amount under BCSF’s revolving credit facility was increased by $50,000,000, from $855,000,000 to $905,000,000, under the Fourth Amendment to the Senior Secured Revolving Credit Agreement dated July 28, 2026.

How did the amendment affect BCSF’s revolver availability period and maturity date?

The revolver availability period was extended from May 19, 2028 to July 26, 2030, and the scheduled maturity date moved from May 18, 2029 to July 28, 2031, lengthening the term of Bain Capital Specialty Finance’s credit facility.

What is Sumitomo Mitsui Banking Corporation’s role in BCSF’s amended credit agreement?

Sumitomo Mitsui Banking Corporation acts as administrative agent and collateral agent under Bain Capital Specialty Finance’s Senior Secured Revolving Credit Agreement, including as amended by the Fourth Amendment dated July 28, 2026.

What change was made to Term SOFR Loans under BCSF’s Fourth Amendment?

The Fourth Amendment provides for the removal of the credit adjustment spread for Term SOFR Loans under Bain Capital Specialty Finance’s Senior Secured Revolving Credit Agreement, while leaving other terms materially unchanged.

Who are the parties to Bain Capital Specialty Finance’s Fourth Amendment to the Credit Agreement?

Parties include Bain Capital Specialty Finance, Inc. as borrower, Sumitomo Mitsui Banking Corporation as administrative and collateral agent, the lenders and issuing banks party thereto, and, for Section 6.9, the subsidiary guarantors party to the amendment.
false000165505000016550502026-07-282026-07-28

 

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): July 28, 2026

 

 

BAIN CAPITAL SPECIALTY FINANCE, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

814-01175

81-2878769

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

200 Clarendon Street

37th Floor

 

Boston, Massachusetts

 

02116

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (617) 516-2000

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

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))

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


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.001 per share

 

BCSF

 

New York Stock Exchange

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

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.

On July 28, 2026, Bain Capital Specialty Finance, Inc. (the “Company”) entered into the Fourth Amendment to Senior Secured Revolving Credit Agreement (the “Fourth Amendment”), among the Company, as borrower, Sumitomo Mitsui Banking Corporation, as administrative agent and as collateral agent, the lenders and issuing banks party thereto and, solely with respect to Section 6.9 of the Fourth Amendment, the subsidiary guarantors party thereto, which amends the Senior Secured Revolving Credit Agreement, dated as of December 24, 2021, among the Company, as borrower, Sumitomo Mitsui Banking Corporation, as administrative agent, and the lenders and issuing banks party thereto (as amended to date, including by the Fourth Amendment, the “Credit Agreement”).

The Fourth Amendment provides for, among other things, (i) an extension of the revolver availability period from May 19, 2028 to July 26, 2030, (ii) an extension of the scheduled maturity date from May 18, 2029 to July 28, 2031, (iii) an upsize in the total facility amount from $855,000,000 to $905,000,000, (iv) the removal of the credit adjustment spread for Term SOFR Loans (as defined in the Credit Agreement), and (v) the joinder of new lenders to the Credit Agreement. The other terms of the Credit Agreement remained materially unchanged.

 

The description above is only a summary of the material provisions of the Fourth Amendment and is qualified in its entirety by reference to a copy of the Fourth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

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

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

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1

 

Fourth Amendment to Senior Secured Revolving Credit Agreement, dated July 28, 2026 by and among Bain Capital Specialty Finance, Inc., as borrower, Sumitomo Mitsui Banking Corporation, as administrative agent and as collateral agent, the lenders and issuing banks party thereto and, solely with respect to Section 6.9 therein, the subsidiary guarantors party thereto.

 

 

104

 

Cover page interactive data file (formatted as Inline XBRL)

 


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.

 

 

 

BAIN CAPITAL SPECIALTY FINANCE, INC.

 

 

 

 

Date:

July 30, 2026

By:

/s/ Sabrina Rusnak-Carlson

 

 

 

Name: Sabrina Rusnak-Carlson
Title: General Counsel

 


Filing Exhibits & Attachments

2 documents