Barings BDC, Inc. — Form 8-K

Barings BDC reported Q2 2026 net investment income of $29.0M ($0.28/share) and net increase in NAV-producing operations of $18.3M ($0.18/share). The company declared a $0.26/share quarterly dividend (payable Sept 9, 2026). Key developments: (1) terminated the Sierra credit support agreement, freeing $67M for redeployment; (2) made $172.1M in new portfolio investments across 21 companies; (3) NAV per share declined $0.08 to $10.94, primarily due to $29.4M net unrealized depreciation (largely from the $21.4M non-cash loss on CSA termination). Investment portfolio stands at $2,459M with weighted average yield of 9.4% on performing debt. Debt-to-equity ratio improved slightly to 1.23x from 1.24x.