Barings BDC, Inc. Files Q3 2024 Report

TL;DR

BBDC filed its 10-Q for Q3 2024. All good on reporting.

AI Summary

Barings BDC, Inc. filed its quarterly report for the period ended September 30, 2024. The company is registered in Maryland and its common stock trades on the New York Stock Exchange under the ticker BBDC. The filing indicates it has met all reporting requirements for the preceding 12 months and the past 90 days.

Why It Matters

This filing provides investors with an update on Barings BDC's financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not contain immediate red flags.

Key Players & Entities

• Barings BDC, Inc. (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• BBDC (company) — Trading Symbol for Common Stock
• New York Stock Exchange (company) — Exchange where Common Stock is registered
• Maryland (location) — State of incorporation

FAQ

Key Financial Figures

• $0.001 — ich Registered Common Stock, par value $0.001 per share BBDC The New York Stock Excha

Filing Documents

• bbdc-20240930.htm (10-Q) — 14001KB
• ex101amendmentno5.htm (EX-10.1) — 6729KB
• bbdc-9302024xq3ex311.htm (EX-31.1) — 10KB
• bbdc-9302024xq3ex312.htm (EX-31.2) — 10KB
• bbdc-9302024xq3ex321.htm (EX-32.1) — 4KB
• bbdc-9302024xq3ex322.htm (EX-32.2) — 4KB
• 0001379785-24-000065.txt ( ) — 80694KB
• bbdc-20240930.xsd (EX-101.SCH) — 162KB
• bbdc-20240930_cal.xml (EX-101.CAL) — 58KB
• bbdc-20240930_def.xml (EX-101.DEF) — 1080KB
• bbdc-20240930_lab.xml (EX-101.LAB) — 1202KB
• bbdc-20240930_pre.xml (EX-101.PRE) — 941KB
• bbdc-20240930_htm.xml (XML) — 12697KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Unaudited Consolidated Balance Sheet as of September 30, 2024 and Consolidated Balance Sheet as of December 31, 2023 3 Unaudited Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 4 Unaudited Consolidated Statements of Changes in Net Assets for the Three and Nine Months Ended September 30, 2024 and 2023 6 Unaudited Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 8 Unaudited Consolidated Schedule of Investments as of September 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 120

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 146

Controls and Procedures

Item 4. Controls and Procedures 148

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 149

Risk Factors

Item 1A. Risk Factors 149

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 149

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 150

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 150

Other Information

Item 5. Other Information 150

Exhibits

Item 6. Exhibits 151

– 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) September 30, 2024 December 31, 2023 (Unaudited) Assets: Investments at fair value: Non-Control / Non-Affiliate investments (cost of $ 1,969,767 and $ 2,053,548 as of September 30, 2024 and December 31, 2023, respectively) $ 1,937,200 $ 1,995,372 Affiliate investments (cost of $ 372,373 and $ 378,865 as of September 30, 2024 and December 31, 2023, respectively) 390,239 402,423 Control investments (cost of $ 104,780 and $ 103,163 as of September 30, 2024 and December 31, 2023, respectively) 89,275 90,920 Total investments at fair value 2,416,714 2,488,715 Cash (restricted cash of $ 3,213 and $ 0 as of September 30, 2024 and December 31, 2023, respectively) 48,881 57,187 Foreign currencies (cost of $ 16,780 and $ 13,023 as of September 30, 2024 and December 31, 2023, respectively) 17,113 13,341 Interest and fees receivable 44,379 51,598 Prepaid expenses and other assets 3,841 3,564 Credit support agreements (cost of $ 58,000 as of both September 30, 2024 and December 31, 2023) 51,200 57,800 Derivative assets 7,563 1 Deferred financing fees 2,567 3,948 Receivable from unsettled transactions 12,820 1,299 Total assets $ 2,605,078 $ 2,677,453 Liabilities: Accounts payable and accrued liabilities $ 3,409 $ 2,950 Interest payable 12,267 8,450 Administrative fees payable 436 536 Base management fees payable 8,046 8,347 Incentive management fees payable 6,597 7,737 Derivative liabilities 10,039 11,265 Payable from unsettled transactions 988 1,112 Borrowings under credit facility 347,811 719,914 Notes payable (net of deferred financing fees) 1,021,044 720,583 Total liabilities 1,410,637 1,480,894 Commitments and contingencies (Note 7) Net Assets: Common stock, $ 0.001 par value per share ( 150,000,000 shares authorized, 105,558,938 and 106,067,070 shares issued and outstanding as of September 30, 2024 and Decemb

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View this 10-Q filing on SEC EDGAR