Bain Capital Private Credit 8-K

What Happened

• Bain Capital Private Credit filed an 8-K on December 29, 2025 announcing a regular distribution of $0.1875 per Class I share and a special distribution of $0.0300 per Class I share, both announced December 29, 2025. The regular distribution is payable to shareholders of record as of December 31, 2025 and will be paid in cash or reinvested on or about January 30, 2026.
• The fund also reported its net asset value (NAV) per Class I share as of November 30, 2025 was $25.94. As of that date the fund’s aggregate NAV was $860.2 million, its investment portfolio fair value was $1,505.5 million, and principal debt outstanding was $693.1 million (debt-to-equity ≈ 0.81x; net debt-to-equity ≈ 0.77x).

Key Details

• Distribution amounts: Regular $0.1875 and special $0.0300 per Class I share; record date Dec 31, 2025; pay/reinvest ~Jan 30, 2026.
• NAV and balance sheet (as of Nov 30, 2025): NAV per Class I share $25.94; aggregate NAV $860.2M; portfolio fair value $1,505.5M; principal debt $693.1M.
• Portfolio composition: ~$1,505.5M across 144 companies in 26 industries; ~88% first‑lien senior secured debt, 6% subordinated debt, small allocations to second‑lien, preferred and common equity; 93% of debt investments are floating rate.
• Offering status: Continuous public offering up to $2.0B; through Dec 1, 2025 the fund has issued 35,867,938 Class I shares for total consideration of $916.9M.

Why It Matters

• Distributions: The announced regular and special payouts affect near‑term cash returns for shareholders and are available for reinvestment under the fund’s DRIP.
• NAV, portfolio mix and leverage: The NAV and the reported debt-to-equity (~0.8x) give a snapshot of the fund’s size, leverage and capital structure; the heavy weighting to first‑lien debt and 93% floating‑rate debt indicate the fund’s exposure is primarily to senior, floating‑rate credit.
• Capital raising: The ongoing $2.0B offering (≈$916.9M sold so far) shows the fund is still raising equity, which can support portfolio growth but may affect supply/demand dynamics for shares.

Filed and signed by Amit Joshi, Principal Financial Officer, on December 29, 2025.