# Barings Private Credit Corp — capital_raise/private_placement [pending]
Source: sec.gov · situation sit_7075369706b89a49f4e5 · public 2882765670202030098 · retrieved 2026-08-19T11:37:07.647Z

## Overview
Barings Private Credit Corporation is a Maryland-incorporated business development company that invests in portfolio companies in accordance with its investment objectives.

Barings Private Credit Corporation issued $350,000,000 in aggregate principal amount of 6.500% notes due August 18, 2031, pursuant to a Third Supplemental Indenture dated August 18, 2026. The notes bear interest at 6.500% per annum, payable semi-annually on February 18 and August 18, commencing February 18, 2027. The offering closed on August 18, 2026, generating net proceeds of approximately $341.6 million after deducting the initial purchaser discount and estimated offering expenses. The notes are general unsecured senior obligations and may be redeemed at the Company's option at any time prior to July 18, 2031 at a make-whole price, and at par thereafter. The Company entered into a $350.0 million notional interest rate swap, receiving a fixed rate of 6.500% per annum and paying SOFR plus 2.4875%, maturing August 18, 2031.

## Terms
- Counterparty: U.S. Bank Trust Company, National Association; RBC Capital Markets, LLC; J.P. Morgan Securities LLC; Wells Fargo Securities, LLC; BMO Capital Markets Corp.; Fifth Third Securities, Inc. · Deal value: $350.0M · Consideration: cash

## Key dates
- Announced 2026-08-13 · Expected close 2026-08-18

## Timeline
- 2026-08-13 · 8-K (0001859919-26-000073): 8-K - Barings Private Credit Corp — *Barings Private Credit Corporation is a business development company that makes investments in portfolio companies in accordance with its investment objectives.* On August 13, 2026, Barings Private Credit Corporation priced an offering of $350 million in aggregate principal amount of 6.500% notes due August 18, 2031. The notes will be issued in a private placement to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S. The notes may be redeemed at the Company's option at any time at par plus accrued and unpaid interest and a make-whole premium. The offering is expected to close on August 18, 2026, subject to customary closing conditions. Net proceeds will be used to repay indebtedness under credit facilities, make investments in portfolio companies, and for general corporate purposes.
  https://www.sec.gov/Archives/edgar/data/1859919/0001859919-26-000073.txt
- 2026-08-18 · 8-K (0001859919-26-000075): 8-K - Barings Private Credit Corp — *Barings Private Credit Corporation is a Maryland-incorporated business development company that invests in portfolio companies in accordance with its investment objectives.* Barings Private Credit Corporation issued $350,000,000 in aggregate principal amount of 6.500% notes due August 18, 2031, pursuant to a Third Supplemental Indenture dated August 18, 2026. The notes bear interest at 6.500% per annum, payable semi-annually on February 18 and August 18, commencing February 18, 2027. The offering closed on August 18, 2026, generating net proceeds of approximately $341.6 million after deducting the initial purchaser discount and estimated offering expenses. The notes are general unsecured senior obligations and may be redeemed at the Company's option at any time prior to July 18, 2031 at a make-whole price, and at par thereafter. The Company entered into a $350.0 million notional interest rate swap, receiving a fixed rate of 6.500% per annum and paying SOFR plus 2.4875%, maturing August 18, 2031.
  https://www.sec.gov/Archives/edgar/data/1859919/0001859919-26-000075.txt

## Citations
- 0001859919-26-000073 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000185991926000073
- 0001859919-26-000075 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000185991926000075