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Moody’s rates Bain Capital notes Baa3
Moody’s Investors Service said it assigned a Baa3 rating to Bain Capital Specialty Finance, Inc.’s $300 million five-year 2.95% senior unsecured notes.
“Moody’s assigned a Baa3 rating to the senior notes based on BCSF’s baa3 issuer credit profile as well as the priority and proportion of senior unsecured debt in BCSF’s debt capital structure, and the strength of the senior notes’ asset coverage,” the agency said in a press release.
The proceeds will be used to repay debt, including borrowings on secured revolving lines of credit.
The outlook is stable.
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