Bain Capital Private Credit: issues $350,000,000 of 7.600% notes due 2031

What happened Bain Capital Private Credit filed an 8-K on Oct 8, 2026 reporting that it entered into an Indenture and a First Supplemental Indenture with U.S. Bank Trust Company, National Association and issued $350,000,000 aggregate principal amount of 7.600% notes due Oct 8, 2031 (the "Notes"). The Notes bear interest at 7.600% per year payable semiannually on Apr 8 and Oct 8, commencing Apr 8, 2027, are direct unsecured obligations of the Company and were sold in a private placement to several initial purchasers. The transaction closed on Oct 8, 2026.

Key details

• Principal amount: $350,000,000; interest: 7.600% per year; maturity: Oct 8, 2031.
• Interest payment dates: Apr 8 and Oct 8, beginning Apr 8, 2027.
• Redemption: the Company may redeem the Notes in whole or in part at its option at the redemption price set forth in the First Supplemental Indenture.
• Registration rights: the Company agreed to file a registration statement to permit an exchange offer for registered notes and to use commercially reasonable efforts to consummate the exchange offer no later than 365 days after issuance; failure to comply may require payment of additional interest.
• Change of control repurchase: if a change of control occurs and the Notes are rated below investment grade by Fitch and Moody’s, the Company must offer to purchase the Notes at 100% of principal plus accrued interest.
• Related arrangements: an affiliate of the Trustee serves as custodian and receives customary fees; the Notes were issued pursuant to a private placement under Section 4(a)(2) and resales to Rule 144A or Regulation S purchasers.
• Interest rate swap: to align liability rates with its floating rate portfolio, the Company entered into a $350,000,000 notional interest rate swap maturing Oct 8, 2031 under which the Company will receive fixed interest at 7.60% semiannually and pay variable interest semiannually based on 3-month quarterly compounded SOFR plus 2.8515%.

Why it may matter The filing reports Item 1.01 (entry into a material definitive agreement) covering the Indenture, First Supplemental Indenture and the Notes, Item 2.03 (creation of a direct financial obligation) related to the Notes, and Item 8.01 (other events) covering the interest rate swap. This filing does not show why the insider traded or why the company acted.