Barings BDC Reports Third Quarter 2024 Results

Barings Bdc ( (BBDC) ) has released its Q3 earnings. Here is a breakdown of the information Barings Bdc presented to its investors.

Barings BDC, Inc., a publicly traded investment company, focuses on senior secured loans for middle-market companies, with its operations managed by Barings LLC, a significant global asset manager based in Charlotte, NC. In the third quarter of 2024, Barings BDC reported a net investment income of $30.2 million, translating to $0.29 per share, and a net increase in net assets from operations of $22.0 million, or $0.21 per share. The company’s net asset value per share slightly decreased to $11.32 from $11.36 in the previous quarter, primarily due to realized losses and currency transaction impacts. Key financial metrics highlighted include a total investment income of $70.9 million and a quarterly cash dividend of $0.26 per share declared by the Board. The company also made new investments totaling $88.4 million and received $17.6 million in principal payments during the quarter. Barings BDC maintains a robust liquidity position with over $540 million in available capital, bolstered by an amended credit facility that extends maturity dates and reduces interest rates. Looking ahead, Barings BDC remains well-positioned to support portfolio growth and new investments, leveraging strong sponsor relationships and ample liquidity to navigate the anticipated active market environment.