BOSTON–(COMMERCIAL THREAD) – Bain Capital Specialty Finance, Inc. (NYSE: BCSF or the âCompanyâ) announced today that it has priced a bid of $ 300.0 million in aggregate principal amount 2.550% senior unsecured bonds maturing in 2026 (the âBondsâ). The Notes will mature on October 13, 2026 and may be redeemed in whole or in part at the option of the Company at any time at par plus a âredemptionâ premium, provided that the Notes can be redeemed at par one month. before their maturity date.
The offer is expected to close on or around October 13, 2021, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds of this offering to repay certain outstanding debts under its financing agreements and for general corporate purposes. The Company may also make investments in existing and new holding companies in accordance with its investment objectives with the proceeds of subsequent borrowings under its existing financing arrangements and may use the proceeds of such subsequent borrowings for any purpose. general company policies.
Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. are acting as book co-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 costs and expenses of BCSF before investing. The Pricing Schedule dated October 5, 2021, the preliminary prospectus supplement dated October 5, 2021 and the attached prospectus dated February 11, 2021, each of which has been filed with the United States Securities and Exchange Commission (the âSECâ), contain this and other information about BCSF and should be read carefully before investing.
The information contained in the pricing schedule, the provisional prospectus supplement, the accompanying prospectus and this press release are not complete and may be amended. The Pricing Terms Sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release do not constitute offers to sell any securities of BCSF and do not solicit an offer to buy such securities in any State. or a jurisdiction where such offering and selling is not permitted.
BCSF’s store registration statement is archived and has been declared effective by the SEC. Before investing, you should read the prospectus in this registration statement, the preliminary prospectus supplement and other documents that BCSF has filed with the SEC to obtain more complete information about BCSF and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, BCSF, any underwriter or broker participating in the offering will 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, attention Debt Capital Markets or by calling toll free 1-866-471-2526. You are advised to obtain a copy of the Prospectus Supplement and the accompanying Prospectus and to carefully review the information it contains or is 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 mid-market businesses. BCSF is managed by BCSF Advisors, LP, an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, LP. From the start of investment operations on October 13, 2016 and through June 30, 2021, BCSF has invested approximately $ 4.4 billion in total debt and equity capital prior to any subsequent exit or redemption. BCSF’s investment objective is to generate current income and, to a lesser extent, capital appreciation through direct issuance of secured debt, including senior debt, senior / last withdrawal , unitranche and senior debt, investments in strategic joint ventures, investments in equities and, to a lesser extent, corporate bonds. BCSF elected to be regulated as a business development company under the Investment Companies Act 1940, as amended.
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 fact 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 of forward-looking statements due to a number of factors, including those described from time to time in filings with the SEC. The Company assumes no obligation to update any forward-looking statements contained in this document. All forward-looking statements speak only as of the date of this letter.