Barings Bdc, Inc. 10-Q Filing
Ticker: BBDC · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 1379785
| Field | Detail |
|---|---|
| Company | Barings Bdc, Inc. (BBDC) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 10-Q filing submitted by Barings Bdc, Inc. (ticker: BBDC) to the SEC on Aug 7, 2024.
What are the key financial figures in this filing?
Key dollar amounts include: $0.001 (ich Registered Common Stock, par value $0.001 per share BBDC The New York Stock Excha).
How long is this filing?
Barings Bdc, Inc.'s 10-Q filing is 16 pages with approximately 4,907 words. Estimated reading time is 20 minutes.
Where can I view the full 10-Q filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 4,907 words · 20 min read · ~16 pages · Grade level 8.1 · Accepted 2024-08-07 16:20:35
Key Financial Figures
- $0.001 — ich Registered Common Stock, par value $0.001 per share BBDC The New York Stock Excha
Filing Documents
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– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Unaudited Consolidated Balance Sheet as of June 30, 2024 and Consolidated Balance Sheet as of December 31, 2023 3 Unaudited Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 4 Unaudited Consolidated Statements of Changes in Net Assets for the Three and Six Months Ended June 30, 2024 and 2023 6 Unaudited Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 8 Unaudited Consolidated Schedule of Investments as of June 30, 2024 9 Consolidated Schedule of Investments as of December 31, 2023 43 Notes to Unaudited Consolidated Financial Statements 75
Management ' s Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 118
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 143
Controls and Procedures
Item 4. Controls and Procedures 145
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 146
Risk Factors
Item 1A. Risk Factors 146
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 146
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 146
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 146
Other Information
Item 5. Other Information 147
Exhibits
Item 6. Exhibits 148
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Barings BDC, Inc. Consolidated Balance Sheets (in thousands, except share and per share data) June 30, 2024 December 31, 2023 (Unaudited) Assets: Investments at fair value: Non-Control / Non-Affiliate investments (cost of $ 1,969,097 and $ 2,053,548 as of June 30, 2024 and December 31, 2023, respectively) $ 1,911,585 $ 1,995,372 Affiliate investments (cost of $ 372,603 and $ 378,865 as of June 30, 2024 and December 31, 2023, respectively) 393,922 402,423 Control investments (cost of $ 104,162 and $ 103,163 as of June 30, 2024 and December 31, 2023, respectively) 90,153 90,920 Total investments at fair value 2,395,660 2,488,715 Cash (restricted cash of $ 15,018 and $ 0 as of June 30, 2024 and December 31, 2023, respectively) 66,093 57,187 Foreign currencies (cost of $ 18,220 and $ 13,023 as of June 30, 2024 and December 31, 2023, respectively) 18,270 13,341 Interest and fees receivable 37,120 51,598 Prepaid expenses and other assets 2,942 3,564 Credit support agreements (cost of $ 58,000 as of both June 30, 2024 and December 31, 2023) 50,546 57,800 Derivative assets 4,350 1 Deferred financing fees 3,031 3,948 Receivable from unsettled transactions 25,631 1,299 Total assets $ 2,603,643 $ 2,677,453 Liabilities: Accounts payable and accrued liabilities $ 2,875 $ 2,950 Interest payable 14,322 8,450 Administrative fees payable 400 536 Base management fees payable 8,190 8,347 Incentive management fees payable 1,122 7,737 Derivative liabilities 9,869 11,265 Payable from unsettled transactions 5,081 1,112 Borrowings under credit facility 350,823 719,914 Notes payable (net of deferred financing fees) 1,009,085 720,583 Total liabilities 1,401,767 1,480,894 Commitments and contingencies (Note 7) Net Assets: Common stock, $ 0.001 par value per share ( 150,000,000 shares authorized, 105,757,992 and 106,067,070 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 106 106 A