Welcome to our dedicated page for Bain Capital Specialty Finance news (Ticker: BCSF), a resource for investors and traders seeking the latest updates and insights on Bain Capital Specialty Finance stock.
Bain Capital Specialty Finance, Inc. (BCSF) is a prominent externally managed, closed-end, non-diversified management investment company known for its strategic approach to specialty finance. As part of the illustrious Bain Capital family, which manages approximately $85 billion in assets across multiple asset classes, BCSF focuses on delivering risk-adjusted returns and current income to its investors.
BCSF operates with a primary objective of investing in middle-market companies that typically generate between $10.0 million and $150.0 million in annual EBITDA. These companies often require tailored financial solutions, and BCSF's investment portfolio is diversified across various instruments including First Lien Senior Secured Loans, Preferred Equity, Equity Interests, and Second Lien Senior Secured Loans.
The company prides itself on a consulting-based investment approach, leveraging the deep industry expertise and global network of Bain Capital. This collaborative approach with management teams enables BCSF to uncover valuable insights and drive long-term value creation for its portfolio companies.
Recent achievements of BCSF include significant growth in its investment portfolio and strong financial performance, which have positioned it as a leader in the specialty finance sector. The company also adheres to responsible business practices by incorporating Environmental, Social, and Governance (ESG) standards into its investment strategies, thus ensuring sustainable growth and positive impact on communities.
BCSF continues to explore new investment opportunities and strategic partnerships that align with its mission to provide superior returns while aiding the growth of middle-market companies. For the latest updates and news on Bain Capital Specialty Finance, Inc., follow their latest announcements and financial reports.
Bain Capital Specialty Finance (BCSF) reported strong Q3 2024 financial results with net investment income (NII) of $0.53 per share, representing an 11.9% annualized NII yield. The company's net asset value increased to $17.76 per share from $17.70 in the previous quarter. Total investment portfolio reached $2.4 billion across 159 portfolio companies. The Board declared a Q4 2024 dividend of $0.42 per share plus an additional $0.03 per share. Gross and net investment fundings were $413.1 million and $165.1 million respectively, with a net debt-to-equity ratio of 1.09x.
Bain Capital Specialty Finance (NYSE: BCSF) has announced its schedule for reporting third quarter 2024 financial results. The company will release its earnings on Tuesday, November 5, 2024 after market close, followed by a conference call on Wednesday, November 6, 2024 at 9:30 a.m. Eastern Time.
Investors can access the conference call via webcast on BCSF's website or by dialing in. The domestic call-in number is 1-800-343-4849, while the international number is 1-203-518-9848. The conference ID is BAIN.
An archived replay of the call will be available until November 13, 2024, through the company's website or by calling 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with the conference ID 11157443.
Bain Capital Specialty Finance (NYSE: BCSF) reported Q2 2024 financial results and declared a Q3 2024 dividend of $0.42 per share. Key highlights include:
- Net investment income (NII) per share: $0.51
- Net income per share: $0.45
- Net asset value per share: $17.70 (unchanged from Q1)
- Gross investment fundings: $306.7 million
- Net investment fundings: $(167.0) million
- Net debt-to-equity ratio: 0.95x (down from 1.09x in Q1)
- Non-accrual investments: 1.2% of portfolio at amortized cost (down from 1.7% in Q1)
The company increased its revolving credit facility commitments to $855 million and extended the maturity date to May 2029. BCSF's investment portfolio had a fair value of $2,237.5 million across 154 companies in 32 industries as of June 30, 2024.
Bain Capital Specialty Finance (NYSE: BCSF) announced it will release its financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, after market close. The company's management will host a conference call to discuss these results on Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time. The conference call will be accompanied by a slide presentation available on the Investor Resources section of the company's website. Participants can join the call by dialing provided domestic and international numbers and using the conference ID 'BAIN.' A replay will be accessible until August 14, 2024, via webcast and dial-in numbers.
Bain Capital Specialty Finance (NYSE: BCSF) announced an increase in commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking from $665 million to $855 million, extending the maturity date to May 18, 2029. The number of lenders increased to 14 without changing borrowing costs. The interest rate remains based on SOFR with a 0.10% credit spread adjustment and an additional percentage depending on debt outstanding. CEO Michael Ewald and CFO Amit Joshi emphasized the facility's role in enhancing the company's capital position and supporting investment opportunities.
Bain Capital Specialty Finance, Inc. announced strong financial results for Q1 2024, declaring a dividend of $0.42 per share for Q2 2024. The company showcased high net investment income, improved credit quality, and NAV growth. Key financial highlights included NII per share of $0.53, net asset value per share of $17.70, and gross and net investment fundings of $403.1 million and $107.1 million, respectively. Additionally, Fitch Ratings affirmed the Company's investment grade rating of BBB-. The investment portfolio stood at $2,406.0 million, with a fair value yield of 13.0%. Capital and liquidity remained strong, with total principal debt outstanding at $1,364.5 million and debt-to-equity ratios of 1.19x and 1.09x.
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