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Unaudited Consolidated Schedule of Investments - Derivative Instruments (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Schedule of Investments [Line Items]    
Forward currency contracts $ (22,317)  
Interest Rate Swap    
Schedule of Investments [Line Items]    
Forward currency contracts 1,313 $ (4,396)
Interest Rate Swap | Senior Unsecured Notes due February 2029    
Schedule of Investments [Line Items]    
Forward currency contracts $ 1,313 $ (4,396)
Company Receives 7.00% 7.00%
Company Pays 3.1475% 3.1475%
Notional Amount $ 300,000 $ 300,000
Derivative Asset, Current 1,313 (4,396)
Credit Support Agreements    
Schedule of Investments [Line Items]    
Forward currency contracts 9,800 5,450
Notional Amount 123,000 123,000
Derivative Asset, Current 67,800 63,450
MVC Credit Support Agreement    
Schedule of Investments [Line Items]    
Forward currency contracts 9,400 5,650
Sierra Credit Support Agreement    
Schedule of Investments [Line Items]    
Forward currency contracts 400 (200)
Barings LLC | MVC Credit Support Agreement    
Schedule of Investments [Line Items]    
Forward currency contracts 9,400 [1],[2],[3] 5,650 [4],[5],[6]
Notional Amount 23,000 [1],[2],[3] 23,000 [4],[5],[6]
Derivative Asset, Current 23,000 [1],[2],[3] 19,250 [4],[5],[6]
Barings LLC | Sierra Credit Support Agreement    
Schedule of Investments [Line Items]    
Forward currency contracts 400 [7],[8],[9] (200) [10],[11],[12]
Notional Amount 100,000 [7],[8],[9] 100,000 [10],[11],[12]
Derivative Asset, Current $ 44,800 [7],[8],[9] $ 44,200 [10],[11],[12]
[1] Settlement Date means the earlier of (1) January 1, 2031 or (2) the date on which the entire MVC Reference Portfolio has been realized or written off.
[2] The Company and Barings LLC (“Barings” or the “Adviser”) entered into the MVC Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $23.0 million.
[3] The MVC Credit Support Agreement (as defined in “Note 2 – Agreements and Related Party Transactions”) covers all of the investments acquired by Barings BDC, Inc. (the “Company”) from MVC Capital, Inc. (“MVC”) in connection with the MVC Acquisition (as defined in “Note 2 – Agreements and Related Party Transactions”) and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the investments acquired by the Company from MVC in connection with the MVC Acquisition (collectively, the “MVC Reference Portfolio”). Each investment that is included in the MVC Reference Portfolio is denoted in the above Schedule of Investments with footnote (27).
[4] Settlement Date means the earlier of (1) January 1, 2031 or (2) the date on which the entire MVC Reference Portfolio has been realized or written off.
[5] The Company and Barings entered into the MVC Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $23.0 million.
[6] The MVC Credit Support Agreement covers all of the investments acquired by the Company from MVC in connection with the MVC Acquisition and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the MVC Reference Portfolio. Each investment that is included in the MVC Reference Portfolio is denoted in the above Schedule of Investments with footnote (27).
[7] Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire Sierra Reference Portfolio has been realized or written off.
[8] The Company and Barings entered into the Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $100.0 million.
[9] The Sierra Credit Support Agreement (as defined in “Note 2 – Agreements and Related Party Transactions”) covers all of the investments acquired by the Company from Sierra Income Corporation (“Sierra”) in connection with the Sierra Merger (as defined in “Note 2 – Agreements and Related Party Transactions”) and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the investments acquired by the Company from Sierra in connection with the Sierra Merger (collectively, the “Sierra Reference Portfolio”). Each investment that is included in the Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).
[10] Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire Sierra Reference Portfolio has been realized or written off.
[11] The Company and Barings entered into the Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $100.0 million.
[12] The Sierra Credit Support Agreement covers all of the investments acquired by the Company from Sierra in connection with the Sierra Merger and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the Sierra Reference Portfolio. Each investment that is included in the Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).