By Marisa Wong
Los Angeles, March 4 – Bain Capital Specialty Finance, Inc. disclosed more details on its $300 million of 2.95% five-year notes (Baa3) priced Wednesday in an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.196 to yield 3.125%, or a spread of 240 basis points over Treasuries.
The notes feature a make-whole call at Treasuries plus 40 bps until one month prior to maturity and then a par call after that.
Goldman Sachs & Co. LLC is the bookrunner.
Proceeds will be used to repay debt.
Bain Capital Specialty Finance is a business development company based in Boston.
| Issuer: | Bain Capital Specialty Finance, Inc.
|
| Amount: | $300 million
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| Description: | Notes
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| Maturity: | March 10, 2026
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| Bookrunner: | Goldman Sachs & Co. LLC
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| Coupon: | 2.95%
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| Price: | 99.196
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| Yield: | 3.125%
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| Spread: | 240 bps over Treasuries
|
| Call features: | Make-whole call at Treasuries plus 40 bps until Feb. 10, 2026 and then a par call after that
|
| Trade date: | March 3
|
| Settlement date: | March 10
|
| Rating: | Moody’s: Baa3
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