Bain Capital Specialty Finance, Inc. Receives Investment Grade Rating from KBRA
22 Février 2023 - 10:30PM
Business Wire
Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”,
“our” or “we”) today announced that Kroll Bond Rating Agency, LLC
(“KBRA”) has assigned the Company an investment grade rating of BBB
and Stable outlook.
“We appreciate KBRA’s thoughtful diligence in assigning BCSF an
investment grade rating, which reflects our well-diversified,
largely senior secured investment portfolio, diversified funding
mix, and Bain Capital Credit’s 25-years of experience investing in
the private debt markets, from which the Company benefits,” said
Michael Boyle, President of BCSF. “We are pleased to further
strengthen our capital position with an additional investment grade
rating.”
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 September 30, 2022, BCSF has invested approximately $6.2
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 U.S. Securities and Exchange Commission. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230222005705/en/
Investor: Katherine Schneider Tel. (212) 803-9613
investors@baincapitalbdc.com Media: Charlyn Lusk Tel. (646)
502-3549 clusk@stantonprm.com
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