PIMCO BDC Reports Q2 2025 Results
| Field | Detail |
|---|---|
| Company | Pimco Capital Solutions Bdc Corp. |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2025 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: bdc, financials, interest-rates, investments
TL;DR
**PIMCO BDC Q2 2025: Investments U.S.-domiciled, SOFR at 4.32% on floating rate loans.**
AI Summary
PIMCO Capital Solutions BDC Corp. filed its 10-Q for the period ending June 30, 2025. The company's investments are U.S. domiciled, with fair values determined using significant unobservable inputs. Floating rate loans are primarily indexed to SOFR or EURIBOR, with rates resetting periodically. As of June 30, 2025, the 1-Month SOFR was 4.32%.
Why It Matters
This filing provides insight into PIMCO Capital Solutions BDC Corp.'s investment portfolio and financial health for the second quarter of 2025, impacting investor confidence and strategic decisions.
Risk Assessment
Risk Level: medium — The reliance on significant unobservable inputs for fair value measurements introduces a degree of uncertainty in asset valuation.
Key Numbers
- 4.32% — 1-Month SOFR (Interest rate benchmark for floating rate loans as of June 30, 2025)
Key Players & Entities
- PIMCO Capital Solutions BDC Corp. (company) — Filer of the 10-Q
- June 30, 2025 (date) — End of reporting period
- SOFR (other) — Reference rate for floating rate loans
- EURIBOR (other) — Reference rate for floating rate loans
- 4.32% (dollar_amount) — 1-Month SOFR rate as of June 30, 2025
FAQ
What is the primary domicile of PIMCO Capital Solutions BDC Corp.'s investments?
All investments are U.S. domiciled, unless otherwise indicated.
How are the fair values of investments determined?
The fair value of the investment was valued using significant unobservable inputs.
What are the primary reference rates for the company's floating rate loans?
The interest rate on the principal balance outstanding for all floating rate loans is indexed to the Term Secured Overnight Financing Rate (SOFR) or Euro Interbank Offered Rate (EURIBOR).
What was the 1-Month SOFR rate as of June 30, 2025?
As of June 30, 2025, the 1-Month SOFR was 4.32%.
Does the company have any unfunded loan commitments?
Yes, a position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. Refer to Note 8 for details.
Filing Stats: 4,521 words · 18 min read · ~15 pages · Grade level 6.3 · Accepted 2025-08-14 09:05:14
Key Financial Figures
- $0.001 — g) of the Act: Common Stock, par value $0.001 per share (Title of Class) Indicate
Filing Documents
- d53179d10q.htm (10-Q) — 2504KB
- d53179dex311.htm (EX-31.1) — 11KB
- d53179dex312.htm (EX-31.2) — 11KB
- d53179dex321.htm (EX-32.1) — 6KB
- 0001193125-25-180426.txt ( ) — 10141KB
- ck0001905824-20250630.xsd (EX-101.SCH) — 1139KB
- d53179d10q_htm.xml (XML) — 2376KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 38 Item 4.
Controls and Procedures
Controls and Procedures 39 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 40 Item 1A.
Risk Factors
Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 40 Item 6. Exhibits 41
SIGNATURES
SIGNATURES 42 1 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item1. Consolidated Financial Statements PIMCO Capital Solutions BDC Corp. Consolidated Statements of Assets and Liabilities (Amounts in thousands, except share and per share) (Unaudited) June 30, 2025 December 31, 2024 Assets Investments at fair value Non-controlled, non-affiliated investments, at fair value (cost of $ 248,744 and $ 229,254 , respectively) $ 244,377 $ 225,617 Financial derivative instruments Over the counter — 43 Cash 14,855 767 Restricted cash 5,060 1,348 Foreign currency, at value (cost of $ 143 and $ 83 , respectively) 165 81 Interest receivable 2,518 2,765 Receivable for paydowns and sales of investments 42 5,111 Deferred financing costs 1,889 2,023 Total Assets $ 268,906 $ 237,755 Liabilities Debt 54,453 28,182 Financial derivative instruments Over the counter 107 — Payable for investments purchased 5,974 5,414 Interest payable 271 846 Accrued administration fee 77 75 Organizational costs payable to Advisor 1,109 1,109 Offering costs payable to Advisor 20 20 Directors fee reimbursement to Advisor 366 188 Accrued legal fee 508 326 Accrued commitment fee 124 156 Other liabilities 538 446 Total Liabilities $ 63,547 $ 36,762 Commitments & Contingencies (Note 8) Net Assets Common stock, $ 0.001 par value, 250,000,000 shares authorized, 23,080,085 and 23,080,085 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively $ 23 $ 23 Paid-in-capital in excess of par 232,896 232,896 Distributable earnings (loss) ( 27,560 ) ( 31,926 ) Total Net Assets $ 205,359 $ 200,993 Total Liabilities and Net Assets $ 268,906 $ 237,755 Net asset value per share $ 8.90 $ 8.71 The accompanying notes are part of these unaudited consolidated financial statements. 2 Table of Contents PIMCO Capital Solutions BDC Corp. Consolidated Statements of O