BOSTON–(Business WIRE)–Apr 18, 2022–
Bain Funds Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) these days announced that Fitch Rankings, Inc. (“Fitch”) has assigned the Enterprise with an financial commitment grade rating of BBB- and Secure outlook.
“We are happy to have been given an expenditure quality rating from Fitch, which reflects our potent keep track of file throughout our diversified expenditure portfolio, solid funding flexibility and the over-all power of Bain Money Credit’s world platform from which BCSF added benefits,” reported Michael Boyle, President of BCSF. “This investment grade ranking more boosts the Company’s obtain to the funds marketplaces, as we proceed to capitalize on opportunities to greatly enhance shareholder price.”
About Bain Capital Specialty Finance, Inc.
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance organization concentrated on lending to middle sector firms. BCSF is managed by BCSF Advisors, LP, an SEC-registered expenditure adviser and a subsidiary of Bain Funds Credit score, LP. Since commencing investment operations on October 13, 2016, and as a result of December 31, 2021, BCSF has invested about $5.1 billion in mixture principal amount of money of debt and equity investments prior to any subsequent exits or repayments. BCSF’s investment objective is to produce current revenue and, to a lesser extent, funds appreciation as a result of immediate originations of secured debt, which include to start with lien, first lien/past out, unitranche and second lien credit card debt, investments in strategic joint ventures, fairness investments and, to a lesser extent, company bonds. BCSF has elected to be controlled as a business improvement company below the Expenditure Firm Act of 1940, as amended.
Forward-Seeking Statements
This letter might comprise “forward-on the lookout statements” in the meaning of the Non-public Securities Litigation Reform Act of 1995. Statements other than statements of historic info bundled in this letter may represent ahead-seeking statements and are not ensures of potential general performance or effects and involve a variety of pitfalls and uncertainties. Precise effects may differ materially from those in the ahead-hunting statements as a final result of a selection of things, like these explained from time to time in filings with the U.S. Securities and Exchange Commission. The Business undertakes no obligation to update any ahead-hunting statement manufactured herein. All ahead-wanting statements speak only as of the date of this letter.
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PUB: 04/18/2022 09:00 AM/DISC: 04/18/2022 09:02 AM
http://www.businesswire.com/information/household/20220418005116/en
Copyright Business enterprise Wire 2022.