Bain Capital Private Credit 8-K

What Happened

• Bain Capital Private Credit filed an 8-K (March 31, 2026) announcing a regular distribution of $0.1875 per Class I share and a special distribution of $0.0300 per Class I share. Both distributions are payable to shareholders of record as of March 31, 2026 and will be paid on or about April 30, 2026, in cash or reinvested under the Fund’s distribution reinvestment plan.
• The filing also reported the Fund’s net asset value (NAV) per Class I share as of February 28, 2026 of $25.88. Aggregate NAV was $999.3 million and the investment portfolio fair value was $1,922.3 million as of that date.

Key Details

• Regular distribution (Class I): $0.1875 per share; Special distribution (Class I): $0.0300 per share; record date March 31, 2026; expected payment on or about April 30, 2026.
• NAV per Class I share (Feb 28, 2026): $25.88; aggregate NAV: $999.3 million; portfolio fair value: $1,922.3 million.
• Principal debt outstanding: $968.9 million; debt-to-equity ratio ≈ 0.97x; net debt-to-equity ≈ 0.93x (after cash and unsettled trades).
• Portfolio: ~159 companies across 27 industries; by fair value: 89% first‑lien senior secured debt, 1% second‑lien, 5% subordinated debt, 2% preferred equity, 2% common equity, 1% investment vehicle; 92% of the Fund’s debt investments are floating rate.
• Shares outstanding (through March 2, 2026 subscriptions): Class I — 39,521,529 shares; total consideration: $1,011.7 million.

Why It Matters

• The announced regular and special distributions provide a near-term cash return (or reinvestment option) to Class I shareholders with specific record and payment dates to watch.
• NAV, portfolio size, and leverage metrics give investors a snapshot of the Fund’s scale and capital structure: the Fund had nearly $1.0 billion of NAV and leverage just under 1.0x as of Feb 28, 2026.
• Portfolio composition is heavily weighted to first‑lien senior secured and floating‑rate debt (89% and 92%, respectively), which is relevant for assessing credit exposure and how income may respond to interest rate movements.