Welcome to our dedicated page for Barings BDC news (Ticker: BBDC), a resource for investors and traders seeking the latest updates and insights on Barings BDC stock.
Barings BDC, Inc. (symbol: BBDC) operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The primary objective of Barings BDC is to generate current income by directly investing in privately held middle-market companies. Through these investments, Barings BDC aids these companies in funding acquisitions, growth initiatives, and refinancing operations.
Barings BDC employs a rigorous fundamental credit analysis to ensure it targets businesses that exhibit low levels of cyclicality and operating risk compared to other businesses in this market segment. The company's strategic approach involves evaluating several factors including total facility size, pricing structure, and the number of other lenders involved in the facility, to determine the holding size of each position.
As a subsidiary of MassMutual, Barings BDC benefits from the extensive expertise and resources of its parent company. Barings, the global investment manager, oversees assets worth over $371 billion (as of March 31, 2022), sourcing unique opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe, and Asia Pacific, Barings is committed to serving its clients, communities, and employees by adhering to sustainable practices and responsible investment.
For investors and stakeholders, Barings BDC represents a significant player in the business development sector, offering a strategic blend of risk management and income generation through its selective investment process.
Stay updated with the latest news and developments from Barings BDC, Inc. to keep track of its performance and strategic moves.
Barings BDC reported its Q2 2022 financial results, showing net investment income of $31.8 million ($0.29 per share) compared to $19.0 million ($0.23 per share) in Q1 2022. However, the company experienced net realized losses of $10.2 million and net unrealized depreciation of $44.7 million, resulting in a decrease in net assets of $25.0 million. The Board declared a quarterly dividend of $0.24 per share, payable on September 14, 2022. As of June 30, 2022, net asset value per share was $11.41, down from $11.86 in March 2022. The company made 26 new investments totaling $248.7 million during the quarter.
Barings BDC, Inc. (NYSE: BBDC) will host a conference call on August 10, 2022, at 9:00 a.m. ET to review its second quarter 2022 financial results. Interested parties can participate by calling 877-407-8831 or 201-493-6736 approximately 10 minutes before the start. A replay will be available two hours post-call, accessible until August 24, 2022. Additionally, the call will be live-streamed via the investor relations section of Barings BDC's website. The company primarily invests in senior secured loans within middle-market companies.
Barings BDC reported Q1 2022 results with a net investment income of $19.0 million or $0.23 per share, an increase from Q4 2021. The Board declared a quarterly cash dividend of $0.24 per share, payable on June 15, 2022. Total assets grew to $2.85 billion with a net asset value per share of $11.86. The acquisition of Sierra contributed positively to the growth, with a net increase in assets from operations of $21.0 million.
Despite net realized losses of $1.4 million, the overall performance remains strong.
Barings BDC, Inc. (NYSE: BBDC) has scheduled a conference call for May 6, 2022, at 9:00 a.m. ET to discuss its first-quarter 2022 financial and operating results. Investors can access the call by dialing 877-407-8831 or 201-493-6736. A replay will be available 2 hours post-call until May 20, 2022. The call will also be streamed live on Barings BDC's investor relations website. Barings BDC focuses on investing in senior secured loans in middle-market companies across various industries.
Barings BDC (NYSE: BBDC) has successfully completed its merger with Sierra Income Corporation, creating a combined entity with over $2.7 billion in assets under management. Sierra shareholders will receive 0.44973 shares of Barings BDC and approximately $0.9783641 in cash for each share held. The merger will lead to a shareholder distribution of 41.3% for Sierra's former stockholders and 58.7% for existing Barings BDC stockholders. The company has also initiated a $30 million share repurchase program under specific conditions.
Barings BDC reported strong financial results for Q4 and full year 2021. Total investment income reached $36.6 million, with net investment income of $15.2 million, maintaining $0.23 per share. The company faced net realized losses of $1.8 million and net unrealized depreciation of $1.9 million. Despite a slight decrease in net asset value (NAV) per share to $11.36, Barings BDC raised its first quarter 2022 dividend to $0.23, marking a 4.5% increase. During the year, $1.1 billion was deployed in investments, showcasing a strong capital position and growth strategy.
Barings BDC, Inc. (NYSE: BBDC) declared a quarterly cash dividend of $0.23 per share for the quarter ending March 31, 2022, marking a 4.5% increase from the prior quarter. The record date for this dividend is February 16, 2022, and payment will be made on February 23, 2022. Additionally, a conference call to discuss the fourth quarter and full year 2021 financial results is scheduled for February 24, 2022, at 9:00 a.m. ET. Investors can listen to the call by dialing the provided numbers or accessing the webcast through the company’s investor relations page.
Barings BDC, Inc. (NYSE: BBDC) has announced the pricing of $350 million in aggregate principal amount of its 3.300% unsecured notes due November 23, 2026. The offering targets qualified institutional buyers and certain non-U.S. persons, closing on the same date. Proceeds will be used to repay debt under its senior secured revolving credit facility, invest in portfolio companies, and for general corporate purposes. The notes are not registered under the Securities Act and may not be sold in the U.S. without registration or exemption.
Barings BDC, Inc. (NYSE: BBDC) reported its Q3 2021 results, highlighting a net investment income of $14.9 million ($0.23 per share) and a declared quarterly dividend of $0.22 per share. The company's net asset value (NAV) per share increased to $11.40, aided by strong portfolio trends and net unrealized appreciation of $3.3 million. Barings BDC made $122.1 million in new investments and had total assets of $1.8 billion. Note also that the fourth quarter dividend is payable on December 1, 2021, with a record date of November 24, 2021.
Barings BDC, Inc. (NYSE: BBDC) has announced a conference call to discuss its third quarter 2021 financial results on November 10, 2021, at 9:00 a.m. ET. Investors can join the call by dialing 877-407-8831 or 201-493-6736. A taped replay will be available until November 24, 2021. The call will also be accessible via live webcast on Barings BDC's investor relations website. Barings BDC primarily invests in senior secured loans in middle-market companies and is managed by Barings LLC, which has over $382 billion in assets under management.
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