Barings Private Credit Corp 8-K

What Happened
Barings Private Credit Corporation filed a Form 8-K reporting that it entered into an Amended and Restated Senior Secured Revolving Credit Agreement dated December 23, 2025 with Sumitomo Mitsui Banking Corporation (SMBC) as administrative agent, lead arranger and sole bookrunner. The new SMBC Revolving Credit Agreement replaces the prior facility dated March 6, 2023.

Key Details

• Agreement signed: December 23, 2025; 8-K filed December 30, 2025 (signed by CFO Elizabeth A. Murray).
• Revolving period extended from March 5, 2027 to December 21, 2029.
• Stated maturity date extended from March 6, 2028 to December 23, 2030.
• The amendment resets the minimum shareholders’ equity test.
• The amended agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters
This amendment extends the company’s committed revolving credit availability and pushes the overall maturity farther into the future, reducing near-term refinancing risk and preserving liquidity flexibility. The reset of the minimum shareholders’ equity test updates a key covenant that can affect the company’s borrowing capacity and operational flexibility going forward. Investors should note this is a financing/capital structure update rather than an earnings or management change.