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     109  0 Kommentare Barings BDC, Inc. Reports Preliminary Fourth Quarter 2023 Results

    Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) today reported preliminary financial and operating results for the fourth quarter of 2023.

    Preliminary Financial and Operating Results - Three Months Ended December 31, 2023

    Per share highlights

    Three Months Ended

    December 31, 2023

    Estimated range of net investment income (1)

    $0.30 - $0.32

    Estimated range of net increase in net assets resulting from operations (1)

    $0.25 - $0.29

    Estimated range of net asset value as of December 31, 2023

    $11.25 - $11.29

    (1) Based on weighted average shares outstanding during the period.

    Recent Portfolio Activity

    During the three months ended December 31, 2023, the Company made new investments totaling $100.9 million, made investments in existing portfolio companies totaling $79.1 million and made a $12.5 million equity co-investment alongside certain affiliates in a portfolio company that specializes in providing financing to plaintiff law firms engaged in mass tort and other civil litigation. As of December 31, 2023, the fair value of the Company's total investment portfolio was estimated to be approximately $2,488.7 million, down from $2,521.6 million as of September 30, 2023.

    Liquidity and Capitalization

    As of December 31, 2023, the Company had cash and foreign currencies of $70.5 million, $719.9 million of borrowings outstanding under its $1.1 billion senior secured revolving credit agreement, $725.0 million aggregate principal amount of unsecured notes outstanding and a net receivable from unsettled transactions of $0.2 million. The Company estimated that the regulatory leverage ratio was 1.21x and net leverage, which is the Company’s regulatory leverage net of cash and unsettled transactions, was 1.15x as of December 31, 2023.

    Non-Accruals

    As of December 31, 2023, the Company had four portfolio companies with investments on non-accrual, the aggregate fair value of which was $37.2 million, which comprised 1.5% of the total fair value of our portfolio, and the aggregate cost of which was $62.6 million, which comprised 2.5% of the total cost of our portfolio. As of September 30, 2023, the Company had seven portfolio companies with investments on non-accrual, the aggregate fair value of which was $40.1 million, which comprised 1.6% of the total fair value of our portfolio, and the aggregate cost of which was $64.6 million, which comprised 2.5% of the total cost of our portfolio.

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    Barings BDC, Inc. Reports Preliminary Fourth Quarter 2023 Results Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) today reported preliminary financial and operating results for the fourth quarter of 2023. Preliminary Financial and Operating Results - Three Months Ended December 31, 2023 Per share …