Barings BDC reports Q3 EPS 21c, consensus 30c

Commenting on the quarter, Eric Lloyd, Chief Executive Officer of Barings BDC (BBDC), stated, “We continue to deliver attractive returns by executing our disciplined investment strategy focused on Barings-originated, senior secured loans to competitively advantaged middle market companies that we have rigorously analyzed and conservatively underwritten. In the third quarter, we maintained our strong momentum with net investment income well above the dividend, strong credit metrics, and NAV that is above where it was at the end of last year, reflecting portfolio resiliency and increased deployment compared to last quarter. We believe that we remain well positioned for what we expect to be a more active environment, particularly given our strong sponsor relationships and ample liquidity.”