Bain Capital’s BCSF downsizes loan to $500 million, extends to 2025

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – Bain Capital Specialty Finance, Inc.’s BCSF Complete Financing Solution LLC subsidiary entered on Thursday into an amendment and restatement of its credit agreement dated April 30, 2019 with JPMorgan Chase Bank, NA as administrative agent and Wells Fargo Bank, NA as collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

The amended and restated loan and security agreement amends the existing loan and security agreement to decrease the financing limit to $500 million from $666,581,300; decreases the interest rate to Libor plus 237.5 basis points from Libor plus 275 bps; and extends the scheduled termination date to Jan. 29, 2025 from Nov. 29, 2022.

Bain Capital Specialty is a business development company based in Boston.

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