Bain Capital Specialty Finance, Inc. Prices Public Offering of $350 Million 5.950% Senior Notes Due 2030
30 Gennaio 2025 - 10:35PM
Business Wire
Bain Capital Specialty Finance, Inc. (NYSE: BCSF or the
“Company”) today announced that it has priced an offering of $350
million aggregate principal amount of 5.950% senior notes due 2030
(the “Notes”). The Notes will mature on March 15, 2030 and may be
redeemed in whole or in part at the Company’s option at any time at
par plus a “make-whole” premium, provided that the Notes may be
redeemed at par one month prior to their maturity.
The offering is expected to close on or about February 6, 2025,
subject to satisfaction of customary closing conditions.
The Company intends to use the net proceeds of this offering to
repay outstanding secured indebtedness under its financing
arrangements and for general corporate purposes.
SMBC Nikko Securities America, Inc., Wells Fargo Securities,
LLC, BNP Paribas Securities Corp., Santander US Capital Markets
LLC, J.P. Morgan Securities LLC and MUFG Securities Americas Inc.
are acting as joint book-running managers for this offering. BNY
Mellon Capital Markets, LLC, Deutsche Bank Securities Inc., Keefe,
Bruyette & Woods, Inc., Natixis Securities Americas LLC and
U.S. Bancorp Investments, Inc. are acting as co-managers for this
offering.
Investors are advised to carefully consider the investment
objectives, risks and charges and expenses of BCSF before
investing. The pricing term sheet dated January 30, 2025, the
preliminary prospectus supplement dated January 30, 2025, and the
accompanying prospectus dated July 1, 2022, each of which has been
filed with the U.S. Securities and Exchange Commission (the “SEC”),
contain this and other information about BCSF and should be read
carefully before investing.
The information in the pricing term sheet, the preliminary
prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. The pricing term sheet,
the preliminary prospectus supplement, the accompanying prospectus
and this press release are not offers to sell any securities of
BCSF and are not soliciting an offer to buy such securities in any
state or jurisdiction where such offer and sale is not
permitted.
An effective shelf registration statement relating to the
Notes is on file with the SEC and is effective. The offering may be
made only by means of a preliminary prospectus supplement and an
accompanying prospectus, copies of which may be obtained from the
website of the SEC at www.sec.gov or from SMBC Nikko Securities
America, Inc., 277 Park Avenue, 5th Floor, New York, New York 10172
or toll-free at 212-224-5135, Wells Fargo Securities, LLC, 608 2nd
Avenue South, Suite 1000, Minneapolis, MN 55402 Attn: WFS Customer
Service or toll-free at 1-800-645-3751, BNP Paribas Securities
Corp., 787 Seventh Avenue, New York, New York 10019 or toll-free at
1-800-854-5674 or Santander US Capital Markets LLC, 437 Madison
Avenue, New York, New York 10022 or toll-free at
1-855-403-3636.
About Bain Capital Specialty Finance, Inc.
Bain Capital Specialty Finance, Inc. is an externally managed
specialty finance company focused on lending to middle market
companies. BCSF is managed by BCSF Advisors, LP, an SEC-registered
investment adviser and a subsidiary of Bain Capital Credit, LP.
Since commencing investment operations on October 13, 2016, and
through September 30, 2024, BCSF has invested approximately
$8,132.9 million in aggregate principal amount of debt and equity
investments prior to any subsequent exits or repayments. BCSF’s
investment objective is to generate current income and, to a lesser
extent, capital appreciation through direct originations of secured
debt, including first lien, first lien/last out, unitranche and
second lien debt, investments in strategic joint ventures, equity
investments and, to a lesser extent, corporate bonds. BCSF has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended.
Forward-Looking Statements
This letter may contain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this letter may constitute forward-looking statements and are not
guarantees of future performance or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in filings
with the SEC. The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this letter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250130741513/en/
Investor: Katherine Schneider Tel. (212) 803-9613
investors@baincapitalbdc.com Media: Charlyn Lusk Tel. (646)
502-3549 clusk@stantonprm.com
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