Proceeds from the 7.600% issuance maturing in 2031 may be used for general corporate purposes and to repay existing borrowings.
The non-traded BDC accepted all 1.8 million shares tendered in Q3, with investors to receive non-interest-bearing, non-transferable promissory notes instead of immediate cash.
Withdrawal requests at Barings Private Credit Corporation reached 10.68% of outstanding shares in Q3, with just 46.84% of validly tendered shares accepted on a pro-rata basis.
CFO Kirill Bouek's resignation follows the departure of the non-traded BDC's President, Raymond Barrios, in August.
The Canadian bank now holds 10.5% of Blue Owl Credit Income Corp. as shareholders sought to withdraw 16.8% of outstanding shares in Q3.
Launched in 2022, the non-traded vehicle invests across venture capital, private credit, and private equity.
KKR FS Income Trust Select will satisfy liquidity demand in full after investors sought to withdraw 5.06% of outstanding shares in Q3.
The unsolicited bid comes just three days after Blue Owl Credit Income Corp. disclosed 16.8% in Q3 redemption requests.
The amended loan agreement with JPMorgan also introduces portfolio concentration limits on software investments.
We examine the capital flows, investment activity, and performance of Bain Capital's non-traded BDC, leveraging EvergreenLink Data.
