Bain Capital Private Credit Prices $350M 7.60% Notes Due 2031

What Happened
Bain Capital Private Credit announced on October 1, 2026 that it priced a private placement of $350,000,000 aggregate principal amount of 7.600% notes due October 8, 2031. The Notes were offered to qualified institutional buyers under Rule 144A and to certain non‑U.S. persons under Regulation S. The offering is expected to close on October 8, 2026, subject to customary closing conditions. The filing was signed by Amit Joshi, Principal Financial Officer.

Key Details

• Aggregate principal: $350,000,000
• Coupon: 7.600% interest rate
• Maturity date: October 8, 2031
• Redemption: Callable by the company at any time prior to September 8, 2031 at par plus a make‑whole premium (if applicable), and thereafter at par
• Use of proceeds: general corporate purposes and/or to repay indebtedness (including revolver borrowings); may also support investments via subsequent borrowings
• Offering type: Private placement (Rule 144A and Regulation S); Notes are not registered under the Securities Act

Why It Matters
This issuance increases Bain Capital Private Credit’s long‑term debt and establishes a fixed interest cost (7.60%) through 2031, which will affect future interest expense and cash flow. Proceeds may reduce short‑term revolver balances or fund corporate needs and investments, changing the company’s liquidity and leverage profile. Because the Notes were sold in a private placement and are unregistered, secondary market liquidity may be limited for these securities. The filing also includes standard forward‑looking cautionary language.