Bain Capital Specialty Finance, Inc. Prices Public Offering of $300 Million 2.550% Unsecured Notes Due 2026
October 05 2021 - 4:51PM
Business Wire
Bain Capital Specialty Finance, Inc. (NYSE: BCSF or the
“Company”) today announced that it has priced an offering of $300.0
million aggregate principal amount of 2.550% senior unsecured notes
due 2026 (the “Notes”). The Notes will mature on October 13, 2026
and may be redeemed in whole or in part at the Company’s option at
any time at par plus a “make-whole” premium, provided that the
Notes may be redeemed at par one month prior to their maturity.
The offering is expected to close on or about October 13, 2021,
subject to satisfaction of customary closing conditions.
The Company intends to use the net proceeds of this offering to
repay certain outstanding indebtedness under its financing
arrangements and for general corporate purposes. The Company also
may make investments in existing and new portfolio companies in
accordance with its investment objectives with proceeds of
subsequent borrowings under its existing financing arrangements and
may use the proceeds from any such subsequent borrowings for
general corporate purposes.
Goldman Sachs & Co. LLC and SMBC Nikko Securities America,
Inc. are acting as joint book-running managers and SG Americas
Securities, LLC and MUFG Securities America Inc. are acting as
co-managers for this offering.
Investors are advised to carefully consider the investment
objectives, risks and charges and expenses of BCSF before
investing. The pricing term sheet dated October 5, 2021, the
preliminary prospectus supplement dated October 5, 2021, and the
accompanying prospectus dated February 11, 2021, each of which has
been filed with the U.S. Securities and Exchange Commission (the
“SEC”), contain this and other information about BCSF and should be
read carefully before investing.
The information in the pricing term sheet, the preliminary
prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. The pricing term sheet,
the preliminary prospectus supplement, the accompanying prospectus
and this press release are not offers to sell any securities of
BCSF and are not soliciting an offer to buy such securities in any
state or jurisdiction where such offer and sale is not
permitted.
BCSF’s shelf registration statement is on file and has been
declared effective by the SEC. Before you invest, you should read
the prospectus in that registration statement, the preliminary
prospectus supplement and other documents BCSF has filed with the
SEC for more complete information about BCSF and this offering. You
may get these documents for free by visiting EDGAR on the SEC Web
site at www.sec.gov. Alternatively, BCSF, any underwriter or
any dealer participating in the offering will arrange to send you
the prospectus if you request it from Goldman Sachs & Co. LLC,
200 West Street, New York, New York 10282, attn: Registration
Department or SMBC Nikko Securities America, Inc., 277 Park Avenue,
New York, NY 10172, attn: Debt Capital Markets or by calling
toll-free 1-866-471-2526. You are advised to obtain a copy of the
prospectus supplement and accompanying prospectus and to carefully
review the information contained or incorporated by reference
therein before making any investment decision.
About Bain Capital Specialty Finance, Inc.
Bain Capital Specialty Finance, Inc. is an externally managed
specialty finance company focused on lending to middle market
companies. BCSF is managed by BCSF Advisors, LP, an SEC-registered
investment adviser and a subsidiary of Bain Capital Credit, LP.
Since commencing investment operations on October 13, 2016, and
through June 30, 2021, BCSF has invested approximately $4.4 billion
in aggregate principal amount of debt and equity investments prior
to any subsequent exits or repayments. BCSF’s investment objective
is to generate current income and, to a lesser extent, capital
appreciation through direct originations of secured debt, including
first lien, first lien/last out, unitranche and second lien debt,
investments in strategic joint ventures, equity investments and, to
a lesser extent, corporate bonds. BCSF has elected to be regulated
as a business development company under the Investment Company Act
of 1940, as amended.
Forward-Looking Statements
This letter may contain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this letter may constitute forward-looking statements and are not
guarantees of future performance or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in filings
with the SEC. The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this letter.
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version on businesswire.com: https://www.businesswire.com/news/home/20211005006191/en/
Investor Contact: Katherine Schneider Tel. +1 212 803 9613
investors@baincapitalbdc.com
Media Contact: Charlyn Lusk Tel. +1 646 502 3549
clusk@stantonprm.com
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