<SEC-DOCUMENT>0001140361-24-006016.txt : 20240207
<SEC-HEADER>0001140361-24-006016.hdr.sgml : 20240207
<ACCEPTANCE-DATETIME>20240207092412
ACCESSION NUMBER:		0001140361-24-006016
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240207
DATE AS OF CHANGE:		20240207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings BDC, Inc.
		CENTRAL INDEX KEY:			0001379785
		ORGANIZATION NAME:           	
		IRS NUMBER:				061798488
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-273253
		FILM NUMBER:		24602419

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(704) 805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Triangle Capital CORP
		DATE OF NAME CHANGE:	20061101
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>ny20020484x2_497ad.htm
<DESCRIPTION>497AD
<TEXT>
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    <div style="text-align: right; font-weight: bold;">Filed pursuant to Rule 497(a)</div>
    <div style="text-align: right; font-weight: bold;">Registration No. 333-273253</div>
    <div style="text-align: right; font-weight: bold;">Rule 482ad</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center;">[TEXT OF COMMUNICATION SENT VIA BLOOMBERG]</div>
    <div>&#160;</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zac1e9dcda0244f15ae58784f6cfc653b" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Issuer/Ticker</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div>Barings BDC, Inc. (BBDC)</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
            <div>Expected Ratings*</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
            <div>Moody's: Baa3 (Stable)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Fitch: BBB- (Stable)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Format</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>SEC Registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Ranking</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Senior Unsecured</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Size</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>$300 Million</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Tenor</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>5-Year</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Settlement</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>T+3 (February 12, 2024)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Coupon Type</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Fixed</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Maturity Date</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>February 15, 2029</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>IPTs</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>T+350 bps Area</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Change of Control</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Yes, 100%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Active Book Runner(s)</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>WFS (B&amp;D), BMO, FITB, SMBC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Use of Proceeds</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To repay indebtedness under the February 2019 Credit Facility</div>
          </td>
        </tr>
        <tr>
          <td rowspan="2" style="width: 20%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
            <div>Option Redemption</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
            <div>Make Whole Call</div>
          </td>
        </tr>
        <tr>
          <td style="width: 80%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1-Month Par Call</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>CUSIP</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>06759LAD5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>ISIN</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>US06759LAD55</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Denominations</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>2,000 x 1,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Timing</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Today's Business</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: middle;">
            <div>Sales into Canada</div>
          </td>
          <td style="width: 80%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Yes - via Exemption</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>----Disclaimers----</div>
    <div style="text-align: justify;">&#160;</div>
    <div style="text-align: justify;">&#160;<font style="color: #000000;">*A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Each of the security ratings above should be evaluated
        independently of any other security rating.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000;">Investors are advised to carefully consider the investment objectives, risks and charges and expenses of Barings BDC, Inc. before investing. The preliminary prospectus supplement, dated February 7,
      2023,&#160; together with an accompanying prospectus, has been filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) and contains this and other information about Barings BDC, Inc. and should be read carefully before investing.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000;">The information in any preliminary prospectus supplement and accompanying prospectus&#160;and in this announcement is not complete and may be changed. This announcement is not an offer to sell any securities
      of Barings BDC, Inc. and is not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted.</div>
    <div style="text-align: justify; color: #000000;"> <br>
    </div>
    <div style="text-align: justify;">A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a preliminary prospectus supplement and an accompanying
      prospectus. Before you invest, you should read the preliminary prospectus supplement, together with the accompanying prospectus, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.
      You may obtain these documents for free by visiting EDGAR on the SEC&#8217;s website at www.sec.gov. </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and accompanying prospectus if you request it from Wells Fargo
      Securities, LLC at 1-800-645- 3751; BMO Capital Markets Corp., at 1-866-864-7760; Fifth Third Securities, Inc. at 1-866-531-5353, or SMBC Nikko Securities America, Inc. at <font style="color: #000000;">1-888-868-6856</font>.</div>
    <div style="text-align: justify;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<br>
      Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded (other than any statement relating to the identity of the legal entity authorizing or sending this communication in a
      non-US jurisdiction). Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.</div>
    <div style="text-align: justify;"> <br>
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