Barings BDC Plans Leverage Increase to 1.15x-1.16x Following $400M CLO Refinancing
Barings BDC (BBDC) reported a stable Net Asset Value (NAV) of $10.92 per share as of September 30, showing minimal fluctuation from the previous quarter's $10.94. The company successfully closed a $400 million Collateralized Loan Obligation (CLO) refinancing, which provides the foundation for its upcoming capital deployment strategy. Management intends to increase leverage to a target range of 1.15x to 1.16x during the fourth quarter. This move follows significant investment activity, including $196 million in new investments funded during the period, signaling an aggressive stance on deploying capital into its portfolio.
Tickers: $BBDC
Topics: earnings investments net asset value