By Devika Patel
Knoxville, Tenn., Aug. 3 – Barings Private Credit Corp. sold $150 million of senior unsecured notes in three tranches on July 29, according to an 8-K filed with the Securities and Exchange Commission.
The notes include $75 million of 3.5% series A notes due July 29, 2026, $38 million of 3.5% series B notes due July 29, 2026 and $37 million of 3.5% series C notes due July 29, 2026.
The company is based in Raleigh, N.C.
| Issuer: | Barings Private Credit Corp.
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| Issue: | Senior notes
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| Amount: | $150 million
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| Maturity: | July 29, 2026
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| Coupon: | 3.5%
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| Call: | Make-whole call
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| Settlement date: | July 29
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| Distribution: | Private placement
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|
|
| Series A notes
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| Amount: | $75 million
|
|
|
| Series B notes
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| Amount: | $38 million
|
|
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| Series C notes
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| Amount: | $37 million
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