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, Inc. (NYSE: BCSF) will report its financial results for Q3 ended
Bain Capital Specialty Finance, Inc. (BCSF) reported financial results for Q2 2022, achieving net investment income per share of $0.41, up from $0.34 in Q1 2022. However, net income per share declined to $0.27 from $0.52. The total fair value of investments reached $2.287 billion, with net investment fundings of $149.5 million. The debt-to-equity ratio increased to 1.14x from 0.99x. A dividend of $0.34 per share was declared for Q3 2022, payable on October 28, 2022. The company retains one portfolio company on non-accrual status, impacting 1.4% of the total portfolio at fair value.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will announce its financial results for Q2 2022 on August 3, 2022, after market close. A conference call is scheduled for August 4, 2022, at 8:30 a.m. Eastern Time to discuss these results. Participants can access the call via a provided link or by dialing domestic and international numbers. An archived replay will be available through August 11, 2022. Since October 2016, BCSF has invested approximately $5.3 billion in debt and equity investments, focusing on middle-market companies.
Bain Capital Specialty Finance reported Q1 2022 earnings with net investment income per share of $0.34, consistent with the previous quarter. Net income per share rose to $0.52 from $0.35 year-over-year. The net asset value per share improved to $17.22, up from $17.04. New investment fundings totaled $371 million, but net funded portfolio changed negatively by $150 million due to contributions to the new joint venture, Bain Capital Senior Loan Program. The company also declared a $0.34 dividend for Q2 2022 and received an investment grade rating of BBB- from Fitch Ratings.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) has received an investment grade rating of BBB- with a Stable outlook from Fitch Ratings. This rating reflects the company's robust portfolio, strong funding flexibility, and the support from Bain Capital Credit's platform. President Michael Boyle noted that this rating is expected to enhance the firm's access to capital markets and create opportunities for shareholder value enhancement. Since its inception on October 13, 2016, BCSF has invested approximately $5.1 billion in debt and equity investments.
Bain Capital Specialty Finance, Inc. (BCSF) will report its financial results for Q1 ending March 31, 2022, on May 5, 2022, after market close. A conference call to discuss these results is scheduled for May 6, 2022, at 8:30 a.m. Eastern Time. Interested parties can access the call via a dedicated webcast or by dialing in. BCSF has invested approximately $5.1 billion in debt and equity since operations began in October 2016, focusing on middle-market lending with an objective to generate income and capital appreciation.
Bain Capital Specialty Finance (BCSF) reported its Q4 and FY 2021 financial results, highlighting a stable dividend of $0.34 per share for Q1 2022. Q4 net investment income per share was $0.34, with a net income per share of $0.35. The net asset value per share increased to $17.04. The company improved its balance sheet by increasing unsecured debt to 50% of its total funding. BCSF’s investment portfolio had a fair value of $2.29 billion, with no investments in non-accrual status as of December 31, 2021.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) announced the formation of the Bain Capital Senior Loan Program (SLP), enabling enhanced balance sheet flexibility for middle market loan opportunities in North America.
The SLP initialized with $358 million in capital commitments, with BCSF holding a 50% ownership. This program aims to increase the company's investment capacity and potential earnings over time, according to President Michael Boyle.
Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will announce its financial results for Q4 and the fiscal year ended December 31, 2021, on February 23, 2022, after market close. A conference call for discussing these results is scheduled for February 24, 2022, at 8:30 a.m. ET. An archived replay will be available post-call until March 3, 2022. Since its inception on October 13, 2016, BCSF has invested approximately $4.7 billion across various debt and equity investments.
Bain Capital Specialty Finance reported its Q3 2021 results with net investment income per share unchanged at $0.34 and net income per share at $0.36, a drop from $0.66 in Q2. The total fair value of investments rose to $2.36 billion, with net asset value per share increasing slightly to $17.03. The company declared a dividend of $0.34 for Q4. Investment activity included $286.4 million in new fundings across 39 portfolio companies. The debt-to-equity ratio stood at 1.15x.
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