Bain Capital Private Credit 8-K

What Happened

• Bain Capital Private Credit filed an 8-K on May 29, 2026 announcing a regular distribution of $0.1875 per Class I share (net to shareholders) payable on or about June 30, 2026 to holders of record as of May 29, 2026. Shareholders may receive the distribution in cash or reinvest it under the Fund’s reinvestment plan.
• The Fund also reported its net asset value (NAV) per Class I share as of April 30, 2026 at $25.87. As of that date the Fund’s aggregate NAV was $1,039.0 million, with the investment portfolio fair value of $2,076.9 million and principal debt outstanding of $1,244.1 million.

Key Details

• Distribution: $0.1875 per Class I share (gross and net), record date May 29, 2026, payment on/about June 30, 2026; reinvestment option available.
• NAV and scale: Class I NAV $25.87 (April 30, 2026); aggregate NAV $1,039.0 million; portfolio fair value $2,076.9 million.
• Leverage: Principal debt outstanding $1,244.1 million; debt-to-equity ratio ~1.20x; net debt-to-equity (debt minus cash/unsettled trades) ~0.99x.
• Portfolio makeup: ~$2,076.9M across 171 companies in 28 industries; by fair value: 88% first‑lien senior secured, 1% second‑lien, 5% subordinated debt, 2% preferred equity, 2% common equity, 2% investment vehicle; 93% of debt investments are floating rate.
• Shares outstanding: 40,938,335 Class I shares issued, total consideration ~$1,048.3 million (through May 1, 2026 subscription date).

Why It Matters

• The declared distribution is a near-term cash return to investors and may be relevant for income-focused holders evaluating current yield.
• The NAV, portfolio size and composition, and leverage metrics give investors a snapshot of the Fund’s scale, risk profile and exposure as of April 30, 2026. In particular, high allocation to first‑lien senior secured debt and substantial floating‑rate exposure (93% of debt investments) are key portfolio characteristics that can influence income and credit risk.