Barings BDC Inc

NYSE:BBDCUnited States

May 7, 2024

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• Press Release: Barings BDC, Inc. Reports First Quarter 2024 Results and Announces Quarterly Cash Dividend of $0.26 Per Share, from 4:16PM ET on Tuesday May 07, 2024 by Dow Jones

  4:16PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: BBDC

• Barings BDC, Inc. Reports First Quarter 2024 Results and Announces Quarterly Cash Dividend of $0.26 Per Share, from 4:15PM ET on Tuesday May 07, 2024 by Business Wire

  4:15PM ET on Tuesday May 07, 2024 by Business Wire
  Companies Mentioned: BBDC

  Barings BDC, Inc. (NYSE: BBDC) ("Barings BDC" or the "Company") today reported its financial and operating results for the first quarter of 2024 and announced that the Company's Board of Directors (the "Board") declared a quarterly cash dividend of $0.26 per share.

• Barings BDC, Inc. Reports First Quarter 2024 Results and Announces Quarterly Cash Dividend of $0.26 Per Share, from 4:15PM ET on Tuesday May 07, 2024 by Dow Jones

  4:15PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: BBDC
  contracts 2,178 1,264 Changes in operating assets and liabilities: Interest and fees receivable 10,729 (3,424) Prepaid expenses and other assets 313 348 Accounts payable and accrued liabilities (388) 8,955 Interest payable 4,010 3,566 --------------- --------------- Net cash provided by (used in) operating activities 4,891 (92,020) --------------- --------------- Cash flows from financing activities: Borrowings under credit facilities 24,500 35,000 Repayments of credit facilities (300,000) -- Proceeds from notes 300,000 -- Financing fees paid (7,122) (21) Purchases of shares in repurchase plan (1,107) -- Cash dividends / distributions paid (27,577) (26,979) --------------- --------------- Net cash provided by (used in) financing activities (11,306) 8,000 --------------- --------------- Net increase (decrease) in cash and foreign currencies (6,415) (84,020) Cash and foreign currencies, beginning of period 70,528 139,415 --------------- --------------- Cash and foreign currencies, end of period $ 64,113 $ 55,395 =============== =============== Supplemental Information: Cash paid for interest $ 15,580 $ 14,662 Excise taxes paid during the period $ 1,700 $ 800 Barings BDC, Inc. Unaudited Reconciliation of Debt to Net Debt and Calculation of Net Debt-to-Equity Ratio (in thousands, except ratios) March 31, 2024 December 31, 2023 ---------------- --------------------- Total debt (principal) $ 1,465,352 $ 1,444,914 minus: Cash and foreign currencies (excluding restricted cash) (50,740) (70,528) plus: Payable from unsettled transactions 336 1,112 minus: Receivable from unsettled transactions (2,159) (1,299) ----------- -------------- Total net debt(1) $ 1,412,789 $ 1,374,199 Total net assets $ 1,211,876 $ 1,196,559 Total net debt-to-equity 1.17 x 1.15 x ratio(1) (1) See the "Non-GAAP Financial Measures" section of this press release.