Barings BDC prices $396.3 million collateralized loan obligation
BBDC•Barings BDC priced an approximately $396.3 million collateralized loan obligation on October 30, 2026. The company plans to use net proceeds and credit agreement borrowings to repay $350 million of 3.3% notes due November 23.
1. CLO details
The transaction includes $304 million of rated secured notes sold to third-party investors and $92.3 million of subordinated notes retained. Floating-rate notes carry a weighted average interest rate of Term SOFR plus 1.64%.
2. Expected closing
Closing is expected in mid-November 2026, subject to customary conditions. Net proceeds and senior secured credit agreement borrowings will repay $350 million of 3.3% notes due November 23, 2026.
