Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

August 7, 2024

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Food & Beverage, 2024 First Out Term Loan2024-06-300001379785CTI Foods Holdings Co., LLC, Food & Beverage, First Out Term Loan2024-06-300001379785CTI Foods Holdings Co., LLC, Food & Beverage, 2024 LIFO Term Loan2024-06-300001379785CTI Foods Holdings Co., LLC, Food & Beverage, Second Out Term Loan2024-06-300001379785CTI Foods Holdings Co., LLC, Food & Beverage, Common Stock2024-06-300001379785bbdc:CTIFoodsHoldingsCo.LLCMember2024-06-300001379785CW Group Holdings, LLC, High Tech Industries, First Lien Senior Secured Term Loan2024-06-300001379785CW Group Holdings, LLC, High Tech Industries, LLC Units2024-06-300001379785bbdc:CWGroupHoldingsLLCMember2024-06-300001379785DataServ Integrations, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785DataServ Integrations, LLC, Technology, Revolver2024-06-300001379785DataServ Integrations, LLC, Technology, Partnership Units 2024-06-300001379785bbdc:DataServIntegrationsLLCMember2024-06-300001379785David Wood Baking UK Ltd, Food 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Loan2024-06-300001379785bbdc:FitzMarkBuyerLLCMember2024-06-300001379785Five Star Holding LLC, Packaging, Second Lien Senior Secured Term Loan2024-06-300001379785Five Star Holding LLC, Packaging, LLC Units2024-06-300001379785bbdc:FiveStarHoldingLLCMember2024-06-300001379785Flexential Issuer, LLC, Information Technology, Structured Secured Note - Class C2024-06-300001379785bbdc:FlexentialIssuerLLCMember2024-06-300001379785Flywheel Re Segregated Portfolio 2022-4, Investment Funds, Preferred Stock2024-06-300001379785bbdc:FlywheelReSegregatedPortfolio20224Member2024-06-300001379785Footco 40 Limited, Media & Entertainment, First Lien Senior Secured Term Loan2024-06-300001379785Footco 40 Limited, Media & Entertainment, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:Footco40LimitedMember2024-06-300001379785Forest Buyer, LLC, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785Forest Buyer, LLC, Healthcare, First Lien Senior Secured Term Loan 12024-06-300001379785Forest Buyer, LLC, Healthcare, Revolver2024-06-300001379785Forest Buyer, LLC, Healthcare, Class A LLC Units 2024-06-300001379785Forest Buyer, LLC, Healthcare, Class B LLC Units 2024-06-300001379785bbdc:ForestBuyerLLCMember2024-06-300001379785Fortis Payment Systems, LLC, Other Financial, First Lien Senior Secured Term Loan2024-06-300001379785Fortis Payment Systems, LLC, Other Financial, Revolver2024-06-300001379785bbdc:FortisPaymentSystemsLLCMember2024-06-300001379785FragilePak LLC, Transportation Services, First Lien Senior Secured Term Loan2024-06-300001379785FragilePak LLC, Transportation Services, Partnership Units2024-06-300001379785bbdc:FragilePakLLCMember2024-06-300001379785FSS Buyer LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785FSS Buyer LLC, Technology, LP Interest2024-06-300001379785FSS Buyer LLC, Technology, LP Units2024-06-300001379785bbdc:FSSBuyerLLCMember2024-06-300001379785GB Eagle Buyer, Inc., Capital Goods, First Lien Senior Secured Term Loan2024-06-300001379785GB Eagle Buyer, Inc., Capital Goods, Revolver2024-06-300001379785GB Eagle Buyer, Inc., Capital Goods, Partnership Units2024-06-300001379785bbdc:GBEagleBuyerIncMember2024-06-300001379785Global Academic Group Limited, Industrial Other, First Lien Senior Secured Term Loan 12024-06-300001379785Global Academic Group Limited, Industrial Other, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:GlobalAcademicGroupLimitedMember2024-06-300001379785Gojo Industries, Inc. ,Industrial Other,First Lien Senior Secured Term Loan2024-06-300001379785bbdc:GojoIndustriesInc.Member2024-06-300001379785GPNZ II GmbH, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785GPNZ II GmbH, Healthcare, First Lien Senior Secured Term Loan 12024-06-300001379785GPNZ II GmbH, Healthcare, Common Stock2024-06-300001379785bbdc:GPNZIIGmbHMember2024-06-300001379785Graphpad Software, LLC, Internet Software & Services, First Lien Senior Secured Term Loan2024-06-300001379785Graphpad Software, LLC, Internet Software & Services, Revolver2024-06-300001379785bbdc:GraphpadSoftwareLLCMember2024-06-300001379785Greenhill II BV, Technology, First Lien Senior Secured Term Loan 2024-06-300001379785bbdc:GreenhillIIBVMember2024-06-300001379785Groupe Guemas,Brokerage, Asset Managers & Exchanges ,First Lien Senior Secured Term Loan2024-06-300001379785bbdc:GroupeGuemasMember2024-06-300001379785Groupe Product Life, Consumer Non-cyclical, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:GroupeProductLifeMember2024-06-300001379785Gulf Finance, LLC, Oil & Gas Exploration & Production, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:GulfFinanceLLCMember2024-06-300001379785Gusto Aus BidCo Pty Ltd., Consumer Non-Cyclical, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:GustoAusBidCoPtyLtdMember2024-06-300001379785HeartHealth Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan 2024-06-300001379785bbdc:HeartHealthBidcoPtyLtdMember2024-06-300001379785Heartland Veterinary Partners, LLC, Healthcare, Subordinated Term Loan 12024-06-300001379785bbdc:HeartlandVeterinaryPartnersLLCMember2024-06-300001379785Heavy Construction Systems Specialists, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Heavy Construction Systems Specialists, LLC, Technology, Revolver2024-06-300001379785bbdc:HeavyConstructionSystemsSpecialistsLLCMember2024-06-300001379785Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)), Insurance, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:HeilbronFkaSucsezBoltBidcoBVMember2024-06-300001379785HEKA Invest, Technology, First Lien Senior Secured Term Loan 2024-06-300001379785bbdc:HEKAINVESTMember2024-06-300001379785HemaSource, Inc., Healthcare., First Lien Senior Secured Term Loan2024-06-300001379785HemaSource, Inc., Healthcare., Revolver2024-06-300001379785HemaSource, Inc., Healthcare., Common Stock2024-06-300001379785bbdc:HemaSourceIncMember2024-06-300001379785Herbalife Ltd., Food Products, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:HerbalifeLtd.Member2024-06-300001379785Home Care Assistance, LLC, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:HomeCareAssistanceLLCMember2024-06-300001379785HomeX Services Group LLC, Home Construction, First Lien Senior Secured Term Loan2024-06-300001379785HomeX Services Group LLC, Home Construction, Revolver2024-06-300001379785bbdc:HomeXServicesGroupLLCMember2024-06-300001379785Honour Lane Logistics Holdings Limited, Transportation Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:HonourLaneLogisticsHoldingsLimitedMember2024-06-300001379785HTI Technology & Industries, Electronic Component Manufacturing, First Lien Senior Secured Term Loan2024-06-300001379785HTI Technology & Industries, Electronic Component Manufacturing, Revolver2024-06-300001379785bbdc:HTITechnologyIndustriesMember2024-06-300001379785HW Holdco, LLC (Hanley Wood LLC), Advertising, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:HWHoldcoLLCHanleyWoodLLCMember2024-06-300001379785Hygie 31 Holding, Pharma-ceuticals, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:Hygie31HoldingMember2024-06-300001379785Ice House America, L.L.C., Consumer Products, First Lien Senior Secured Term Loan2024-06-300001379785Ice House America, L.L.C., Consumer Products, Revolver2024-06-300001379785Ice House America, L.L.C., Consumer Products, LLC Units (2,703 units)2024-06-300001379785bbdc:IceHouseAmericaL.L.C.Member2024-06-300001379785IM Square, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:IMSquareMember2024-06-300001379785Infoniqa Holdings GmbH, Technology, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:InfoniqaHoldingsGmbHMember2024-06-300001379785Innovad Group II BV, Beverage, Food & Tobacco, First Lien Senior Secured Term Loan 12024-06-300001379785Innovad Group II BV, Beverage, Food & Tobacco, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:InnovadGroupIIBVMember2024-06-300001379785Innovative XCessories & Services, LLC, Automotive, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:InnovativeXCessoriesServicesLLCMember2024-06-300001379785INOS 19-090 GmbH, Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:INOS19090GmbHMember2024-06-300001379785Interstellar Group B.V., Technology, First Lien Senior Secured Term Loan2024-06-300001379785Interstellar Group B.V., Technology, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:InterstellarGroupBVMember2024-06-300001379785InvoCare Limited, Consumer Cyclical Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:InvoCareLimitedMember2024-06-300001379785Isagenix International, LLC, Wholesale, First Lien Senior Secured Term Loan2024-06-300001379785Isagenix International, LLC, Wholesale, Common Stock2024-06-300001379785bbdc:IsagenixInternationalLLCMember2024-06-300001379785Isolstar Holding NV (IPCOM), Trading Companies & Distributors, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:IsolstarHoldingNVIPCOMMember2024-06-300001379785ISTO Technologies II, LLC, Healthcare First Lien Senior Secured Term Loan2024-06-300001379785ISTO Technologies II, LLC, Healthcare, Revolver2024-06-300001379785bbdc:ISTOTechnologiesIILLCMember2024-06-300001379785ITI Intermodal, Inc., Transportation Services, First Lien Senior Secured Term Loan2024-06-300001379785ITI Intermodal, Inc., Transportation Services, First Lien Senior Secured Term Loan 12024-06-300001379785ITI Intermodal, Inc., Transportation Services, Revolver2024-06-300001379785ITI Intermodal, Inc., Transportation Services, Common Stock2024-06-300001379785bbdc:ITIIntermodalIncMember2024-06-300001379785Ivanti Software, Inc., High Tech Industries, Second Lien Senior Secured Term Loan2024-06-300001379785bbdc:IvantiSoftwareIncMember2024-06-300001379785Jade Bidco Limited (Jane's), Aerospace & Defense, First Lien Senior Secured Term Loan 12024-06-300001379785Jade Bidco Limited (Jane's), Aerospace & Defense, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:JadeBidcoLimitedJanesMember2024-06-300001379785JetBlue 2019-1 Class B Pass Through Trust, Structured Products, Structured Secured Note - Class B2024-06-300001379785bbdc:JetBlue20191ClassBPassThroughTrustMember2024-06-300001379785JF Acquisition, LLC, Automotive, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:JFAcquisitionLLCMember2024-06-300001379785Jon Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:JonBidcoLimitedMember2024-06-300001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, First Lien Senior Secured Term Loan2024-06-300001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, First Lien Senior Secured Term Loan 12024-06-300001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, Revolver2024-06-300001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, LLC Units2024-06-300001379785bbdc:JonesFishHatcheriesDistributorsLLCMember2024-06-300001379785Kano Laboratories LLC, Chemicals, Plastics & Rubber, First Lien Senior Secured Term Loan2024-06-300001379785Kano Laboratories LLC, Chemicals, Plastics & Rubber, Partnership Equity2024-06-300001379785bbdc:KanoLaboratoriesLLCMember2024-06-300001379785Kid Distro Holdings, LLC, Media & Entertainment, First Lien Senior Secured Term Loan2024-06-300001379785Kid Distro Holdings, LLC, Media & Entertainment, LLC Units2024-06-300001379785bbdc:KidDistroHoldingsLLCMember2024-06-300001379785Kona Buyer, LLC, High Tech Industries, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:KonaBuyerLLCMember2024-06-300001379785Lambir Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785Lambir Bidco Limited, Healthcare, Second Lien Senior Secured Term Loan2024-06-300001379785bbdc:LambirBidcoLimitedMember2024-06-300001379785Lattice Group Holdings Bidco Limited, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Lattice Group Holdings Bidco Limited, Technology, Revolver2024-06-300001379785bbdc:LatticeGroupHoldingsBidcoLimitedMember2024-06-300001379785LeadsOnline, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan2024-06-300001379785LeadsOnline, LLC, Business Equipment & Services, Revolver2024-06-300001379785LeadsOnline, LLC, Business Equipment & Services, LLC Units2024-06-300001379785bbdc:LeadsOnlineLLCMember2024-06-300001379785Learfield Communications, LLC, Broadcasting, First Lien Senior Secured Term Loan 12024-06-300001379785Learfield Communications, LLC, Broadcasting, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:LearfieldCommunicationsLLCMember2024-06-300001379785Legal Solutions Holdings, Business Services, Senior Subordinated Loan2024-06-300001379785bbdc:LegalSolutionsHoldingsMember2024-06-300001379785Lifestyle Intermediate II, LLC, Consumer Goods: Durable, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:LifestyleIntermediateIILLCMember2024-06-300001379785LivTech Purchaser, Inc., Business Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:LivTechPurchaserIncMember2024-06-300001379785Long Term Care Group, Inc., Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:LongTermCareGroupIncMember2024-06-300001379785Magnetite XIX, Limited, Multi-Sector Holdings, Subordinated Notes2024-06-300001379785Magnetite XIX, Limited, Multi-Sector Holdings, Subordinated Structured Notes2024-06-300001379785bbdc:MagnetiteXIXLimitedMember2024-06-300001379785Marmoutier Holding B.V., Consumer Products, First Lien Senior Secured Term Loan2024-06-300001379785Marmoutier Holding B.V., Consumer Products, First Lien Senior Secured Term Loan 12024-06-300001379785Marmoutier Holding B.V., Consumer Products, Super Senior Secured Term Loan2024-06-300001379785Marmoutier Holding B.V., Consumer Products, Revolver2024-06-300001379785bbdc:MarmoutierHoldingBVMember2024-06-300001379785Marshall Excelsior Co., Capital Goods, First Lien Senior Secured Term Loan2024-06-300001379785Marshall Excelsior Co., Capital Goods, Revolver2024-06-300001379785bbdc:MarshallExcelsiorCoMember2024-06-300001379785MB Purchaser, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785MB Purchaser, LLC, Technology, Revolver2024-06-300001379785MB Purchaser, LLC, Technology, LLC Units2024-06-300001379785bbdc:MBPurchaserLLCMember2024-06-300001379785MC Group Ventures Corporation, Business Services, First Lien Senior Secured Term Loan2024-06-300001379785MC Group Ventures Corporation, Business Services, First Lien Senior Secured Term Loan 12024-06-300001379785MC Group Ventures Corporation, Business Services, Partnership Units 2024-06-300001379785bbdc:MCGroupVenturesCorporationMember2024-06-300001379785Media Recovery, Inc. (SpotSee), Containers, Packaging & Glass, First Lien Senior Secured Term Loan 12024-06-300001379785Media Recovery, Inc. (SpotSee), Containers, Packaging & Glass, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:MediaRecoveryIncSpotSeeMember2024-06-300001379785Median B.V., Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:MedianBVMember2024-06-300001379785Medical Solutions Parent Holdings, Inc., Healthcare, Second Lien Senior Secured Term Loan2024-06-300001379785bbdc:MedicalSolutionsParentHoldingsIncMember2024-06-300001379785Megawatt Acquisitionco, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785Megawatt Acquisitionco, Inc., Aerospace & Defense, Revolver2024-06-300001379785Megawatt Acquisitionco, Inc., Aerospace & Defense, Preferred Stock2024-06-300001379785Megawatt Acquisitionco, Inc., Aerospace & Defense, Common Stock2024-06-300001379785bbdc:MegawattAcquisitioncoInc.Member2024-06-300001379785Mercell Holding AS, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Mercell Holding AS, Technology, Class A Units2024-06-300001379785Mercell Holding AS, Technology, Class B Units2024-06-300001379785bbdc:MercellHoldingASMember2024-06-300001379785MNS Buyer, Inc., Construction and Building, First Lien Senior Secured Term Loan2024-06-300001379785MNS Buyer, Inc., Construction and Building, Partnership Units2024-06-300001379785bbdc:MNSBuyerIncMember2024-06-300001379785Modern Star Holdings Bidco Pty Limited., Non-durable Consumer Goods, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:ModernStarHoldingsBidcoPtyLimitedMember2024-06-300001379785Moonlight Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785Moonlight Bidco Limited, Healthcare, Common Stock2024-06-300001379785bbdc:MoonlightBidcoLimitedMember2024-06-300001379785Murphy Midco Limited, Media, Diversified & Production, First Lien Senior Secured Term Loan2024-06-300001379785Murphy Midco Limited, Media, Diversified & Production, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:MurphyMidcoLimitedMember2024-06-300001379785Music Reports, Inc., Media & Entertainment, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:MusicReportsIncMember2024-06-300001379785Napa Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:NapaBidcoPtyLtdMember2024-06-300001379785Narda Acquisitionco., Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785Narda Acquisitionco., Inc., Aerospace & Defense, Revolver2024-06-300001379785Narda Acquisitionco., Inc., Aerospace & Defense, Class A Preferred Stock2024-06-300001379785Narda Acquisitionco., Inc., Aerospace & Defense, Class B Common Stock2024-06-300001379785bbdc:NardaAcquisitioncoIncMember2024-06-300001379785Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan2024-06-300001379785Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 12024-06-300001379785Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:NaviaBenefitSolutionsIncMember2024-06-300001379785NAW Buyer LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785NAW Buyer LLC, Technology, Revolver2024-06-300001379785NAW Buyer LLC, Technology, Equity Co Invest2024-06-300001379785bbdc:NAWBuyerLLCMember2024-06-300001379785NeoxCo, Internet Software & Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:NeoxCoMember2024-06-300001379785Next Holdco, LLC,Technology,First Lien Senior Secured Term Loan2024-06-300001379785Next Holdco, LLC,Technology,Revolver2024-06-300001379785bbdc:NextHoldcoLLCMember2024-06-300001379785NF Holdco, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785NF Holdco, LLC, Technology, Revolver2024-06-300001379785NF Holdco, LLC, Technology, LP Units2024-06-300001379785bbdc:NFHoldcoLLCMember2024-06-300001379785Northstar Recycling, LLC, Environmental Industries, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:NorthstarRecyclingLLCMember2024-06-300001379785Novotech Aus Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:NovotechAusBidcoPtyLtdNettingMember2024-06-300001379785NPM Investments 28 B.V., Healthcare, First Lien Senior Secured Term Loan 2024-06-300001379785bbdc:NPMInvestments28BVMember2024-06-300001379785OA Buyer, Inc., Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785OA Buyer, Inc., Healthcare, Revolver2024-06-300001379785OA Buyer, Inc., Healthcare, Partnership Units2024-06-300001379785bbdc:OABuyerIncMember2024-06-300001379785OAC Holdings I Corp, Automotive, First Lien Senior Secured Term Loan2024-06-300001379785OAC Holdings I Corp, Automotive, Revolver2024-06-300001379785bbdc:OACHoldingsICorpMember2024-06-300001379785Ocelot Holdco LLC, Construction Machinery, Super Senior Takeback Loan2024-06-300001379785Ocelot Holdco LLC, Construction Machinery, Takeback Term Loan2024-06-300001379785Ocelot Holdco LLC, Construction Machinery, Preferred Stock2024-06-300001379785Ocelot Holdco LLC, Construction Machinery, Common Stock2024-06-300001379785bbdc:OcelotHoldcoLLCMember2024-06-300001379785Ocular Therapeutix, Inc., Pharma-ceuticals, First Lien Senior Secured Term Loan 2024-06-300001379785bbdc:OcularTherapeutixIncMember2024-06-300001379785Offen Inc., Transportation: Cargo, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:OffenIncMember2024-06-300001379785OG III B.V., Containers & Glass Products, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:OGIIIBVMember2024-06-300001379785Options Technology Ltd., Computer Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:OptionsTechnologyLtdMember2024-06-300001379785Oracle Vision Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:OracleVisionBidcoLimitedMember2024-06-300001379785Origin Bidco Limited, Technology, First Lien Senior Secured Term Loan 12024-06-300001379785Origin Bidco Limited, Technology, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:OriginBidcoLimitedMember2024-06-300001379785ORTEC INTERNATIONAL NEWCO B.V. Technology, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:ORTECINTERNATIONALNEWCOB.V.Member2024-06-300001379785OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 12024-06-300001379785OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 22024-06-300001379785OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 32024-06-300001379785OSP Hamilton Purchaser, LLC, Technology, LP Units2024-06-300001379785bbdc:OSPHamiltonPurchaserLLCMember2024-06-300001379785Panoche Energy Center LLC, Electric, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:PanocheEnergyCenterLLCMember2024-06-300001379785Pare SAS (SAS Maurice MARLE), Health Care Equipment, First Lien Senior Secured Term Loan 12024-06-300001379785Pare SAS (SAS Maurice MARLE), Health Care Equipment, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:PareSASSASMauriceMARLEMember2024-06-300001379785Parkview Dental Holdings LLC, Healthcare, First Lien Senior Secured Term Loan 12024-06-300001379785Parkview Dental Holdings LLC, Healthcare, LLC Units2024-06-300001379785bbdc:ParkviewDentalHoldingsLLCMember2024-06-300001379785Patriot New Midco 1 Limited (Forensic Risk Alliance), Diversified Financial Services, First Lien Senior Secured Term Loan 12024-06-300001379785Patriot New Midco 1 Limited (Forensic Risk Alliance), Diversified Financial Services, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:PatriotNewMidco1LimitedForensicRiskAllianceMember2024-06-300001379785PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan2024-06-300001379785PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan 12024-06-300001379785PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan 22024-06-300001379785PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan 32024-06-300001379785PDQ.Com Corporation, Business Equipment & Services, Class A-2 Partnership Units (28.8 units)2024-06-300001379785bbdc:PDQComCorporationMember2024-06-300001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class A2024-06-300001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class B2024-06-300001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class C2024-06-300001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class D2024-06-300001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class E2024-06-300001379785bbdc:PerimeterMasterNoteBusinessTrustMember2024-06-300001379785Permaconn BidCo Pty Ltd, Tele-communications, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:PermaconnBidCoPtyLtdMember2024-06-300001379785Polara Enterprises, L.L.C., Capital Equipment, First Lien Senior Secured Term Loan2024-06-300001379785Polara Enterprises, L.L.C., Capital Equipment, Revolver2024-06-300001379785Polara Enterprises, L.L.C., Capital Equipment, Partnership Units2024-06-300001379785bbdc:PolaraEnterprisesLLCMember2024-06-300001379785Policy Services Company, LLC, Property & Casualty Insurance, First Lien Senior Secured Term Loan2024-06-300001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class A2024-06-300001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class B2024-06-300001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class CC2024-06-300001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class D2024-06-300001379785bbdc:PolicyServicesCompanyLLCMember2024-06-300001379785Polymer Solutions Group Holdings, LLC, Chemicals, Plastics & Rubber, First Lien Senior Secured Term Loan2024-06-300001379785Polymer Solutions Group Holdings, LLC, Chemicals, Plastics & Rubber, Common Stock2024-06-300001379785bbdc:PolymerSolutionsGroupHoldingsLLCMember2024-06-300001379785Premium Franchise Brands, LLC, Research & Consulting Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:PremiumFranchiseBrandsLLCMember2024-06-300001379785Premium Invest, Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:PremiumInvestMember2024-06-300001379785Preqin MC Limited, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:PreqinMCLimitedMember2024-06-300001379785Process Equipment, Inc. (ProcessBarron), Industrial Air & Material Handling Equipment, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:ProcessEquipmentIncProcessBarronMember2024-06-300001379785Process Insights Acquisition, Inc., Electronics, First Lien Senior Secured Term Loan2024-06-300001379785Process Insights Acquisition, Inc., Electronics, First Lien Senior Secured Term Loan 12024-06-300001379785Process Insights Acquisition, Inc., Electronics, Revolver2024-06-300001379785Process Insights Acquisition, Inc., Electronics, Common Stock2024-06-300001379785bbdc:ProcessInsightsAcquisitionIncMember2024-06-300001379785ProfitOptics, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785ProfitOptics, LLC, Technology, Revolver2024-06-300001379785ProfitOptics, LLC, Technology, Second Lien Senior Subordinated Term Loan2024-06-300001379785ProfitOptics, LLC, Technology, LLC Units2024-06-300001379785bbdc:ProfitOpticsLLCMember2024-06-300001379785Proppants Holding, LLC, Energy: Oil & Gas, LLC Units2024-06-300001379785bbdc:ProppantsHoldingLLCMember2024-06-300001379785Protego Bidco B.V., Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785Protego Bidco B.V., Aerospace & Defense, Revolver2024-06-300001379785bbdc:ProtegoBidcoBVMember2024-06-300001379785PSP Intermediate 4, LLC, Technology, First Lien Senior Secured Term Loan 12024-06-300001379785PSP Intermediate 4, LLC, Technology, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:PSPIntermediate4LLCMember2024-06-300001379785QPE7 SPV1 BidCo Pty Ltd, Consumer Cyclical, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:QPE7SPV1BidCoPtyLtdMember2024-06-300001379785Qualified Industries, LLC, Consumer Cyclical, First Lien Senior Secured Term Loan2024-06-300001379785Qualified Industries, LLC, Consumer Cyclical, Revolver 2024-06-300001379785Qualified Industries, LLC, Consumer Cyclical, Preferred Stock2024-06-300001379785Qualified Industries, LLC, Consumer Cyclical, Common Stock2024-06-300001379785bbdc:QualifiedIndustriesLLCMember2024-06-300001379785Questel Unite, Business Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:QuestelUniteMember2024-06-300001379785R1 Holdings, LLC, Transportation, First Lien Senior Secured Term Loan2024-06-300001379785R1 Holdings, LLC, Transportation, Revolver2024-06-300001379785bbdc:R1HoldingsLLCMember2024-06-300001379785RA Outdoors, LLC, High Tech Industries, First Lien Senior Secured Term Loan2024-06-300001379785RA Outdoors, LLC, High Tech Industries, Revolver2024-06-300001379785bbdc:RAOutdoorsLLCMember2024-06-300001379785Randys Holdings, Inc., Automobile Manufacturers. First Lien Senior Secured Term Loan2024-06-300001379785Randys Holdings, Inc., Automobile Manufacturers. First Lien Senior Secured Term Loan 12024-06-300001379785Randys Holdings, Inc., Automobile Manufacturers. Revolver2024-06-300001379785Randys Holdings, Inc., Automobile Manufacturers. Partnership Units2024-06-300001379785bbdc:RandysHoldingsIncMember2024-06-300001379785Recovery Point Systems, Inc., Technology, First Lien Senior Secured Term Loan2024-06-300001379785Recovery Point Systems, Inc., Technology, Partnership Equity2024-06-300001379785bbdc:RecoveryPointSystemsIncMember2024-06-300001379785Renovation Parent Holdings, LLC, Home Furnishings, First Lien Senior Secured Term Loan2024-06-300001379785Renovation Parent Holdings, LLC, Home Furnishings, Partnership Equity2024-06-300001379785bbdc:RenovationParentHoldingsLLCMember2024-06-300001379785REP SEKO MERGER SUB LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan2024-06-300001379785REP SEKO MERGER SUB LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan 12024-06-300001379785REP SEKO MERGER SUB LLC, Air Freight & Logistics, First-Out Revolver2024-06-300001379785bbdc:REPSEKOMERGERSUBLLCMember2024-06-300001379785Resolute Investment Managers, Inc., Banking, Finance, Insurance & Real Estate, Second Lien Senior Secured Term Loan2024-06-300001379785bbdc:ResoluteInvestmentManagersIncMember2024-06-300001379785Rhondda Financing No. 1 DAC, Finance Companies, Structured - Junior Note2024-06-300001379785bbdc:RhonddaFinancingNo1DACMember2024-06-300001379785Riedel Beheer B.V., Food & Beverage, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:RiedelBeheerBVMember2024-06-300001379785Rock Labor LLC, Media: Diversified & Production, First Lien Senior Secured Term Loan2024-06-300001379785Rock Labor LLC, Media: Diversified & Production, Revolver2024-06-300001379785Rock Labor LLC, Media: Diversified & Production, LLC Units2024-06-300001379785bbdc:RockLaborLLCMember2024-06-300001379785Royal Buyer, LLC, Industrial Other, First Lien Senior Secured Term Loan2024-06-300001379785Royal Buyer, LLC, Industrial Other, Revolver2024-06-300001379785bbdc:RoyalBuyerLLCMember2024-06-300001379785RPX Corporation, Research & Consulting Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:RPXCorporationMember2024-06-300001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class A Preferred Stock2024-06-300001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class B Preferred Stock2024-06-300001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class C Preferred Stock2024-06-300001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Common Stock2024-06-300001379785bbdc:RTICSubsidiaryHoldingsLLCMember2024-06-300001379785Ruffalo Noel Levitz, LLC, Media Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:RuffaloNoelLevitzLLCMember2024-06-300001379785Russell Investments US Institutional Holdco, Inc., Capital Markets, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:RussellInvestmentsUSInstitutionalHoldcoInc.Member2024-06-300001379785Safety Products Holdings, LLC, Non-durable Consumer Goods, First Lien Senior Secured Term Loan2024-06-300001379785Safety Products Holdings, LLC, Non-durable Consumer Goods, Preferred Stock2024-06-300001379785bbdc:SafetyProductsHoldingsLLCMember2024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan2024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 12024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 22024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 32024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 42024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 52024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 62024-06-300001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 72024-06-300001379785bbdc:SanoptisSARLMember2024-06-300001379785SBP Holdings LP, Industrial Other, First Lien Senior Secured Term Loan2024-06-300001379785SBP Holdings LP, Industrial Other, Revolver2024-06-300001379785bbdc:SBPHoldingsLPMember2024-06-300001379785Scaled Agile, Inc., Research & Consulting Services, First Lien Senior Secured Term Loan2024-06-300001379785Scaled Agile, Inc., Research & Consulting Services, Revolver2024-06-300001379785bbdc:ScaledAgileIncMember2024-06-300001379785Scout Bidco B.V., Diversified Manufacturing, First Lien Senior Secured Term Loan 12024-06-300001379785Scout Bidco B.V., Diversified Manufacturing, First Lien Senior Secured Term Loan 22024-06-300001379785Scout Bidco B.V., Diversified Manufacturing, Revolver2024-06-300001379785bbdc:ScoutBidcoBVMember2024-06-300001379785Sereni Capital NV, Consumer Cyclical, First Lien Senior Secured Term Loan2024-06-300001379785Sereni Capital NV, Consumer Cyclical, First Lien Senior Secured Term Loan 12024-06-300001379785Sereni Capital NV, Consumer Cyclical, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:SereniCapitalNVMember2024-06-300001379785Serta Simmons Bedding LLC, Home Furnishings, Common Stock2024-06-300001379785bbdc:SertaSimmonsBeddingLLCMember2024-06-300001379785Shelf Bidco Ltd., Other Financial, First Lien Senior Secured Term Loan2024-06-300001379785Shelf Bidco Ltd., Other Financial, Common Stock2024-06-300001379785bbdc:ShelfBidcoLtdMember2024-06-300001379785Sinari Invest, Technology, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:SinariInvestMember2024-06-300001379785SISU ACQUISITIONCO., INC., Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:SISUACQUISITIONCOINCMember2024-06-300001379785Smartling, Inc., Technology, First Lien Senior Secured Term Loan2024-06-300001379785Smartling, Inc., Technology, Revolver2024-06-300001379785bbdc:SmartlingIncMember2024-06-300001379785SmartShift Group, Inc., Technology, First Lien Senior Secured Term Loan2024-06-300001379785SmartShift Group, Inc., Technology, Revolver2024-06-300001379785SmartShift Group, Inc., Technology, Common Stock2024-06-300001379785bbdc:SmartShiftGroupIncMember2024-06-300001379785Smile Brands Group Inc., Health Care Services, First Lien Senior Secured Term Loan 12024-06-300001379785Smile Brands Group Inc., Health Care Services, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:SmileBrandsGroupIncMember2024-06-300001379785Solo Buyer, L.P., Technology, First Lien Senior Secured Term Loan2024-06-300001379785Solo Buyer, L.P., Technology, Revolver2024-06-300001379785Solo Buyer, L.P., Technology, Partnership Units2024-06-300001379785bbdc:SoloBuyerLPMember2024-06-300001379785Sound Point CLO XX, Ltd., Multi-Sector Holdings, Subordinated Structured Notes2024-06-300001379785bbdc:SoundPointCLOXXLtdMember2024-06-300001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, First Lien Senior Secured Term Loan2024-06-300001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, First Lien Senior Secured Term Loan 12024-06-300001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, Revolver2024-06-300001379785bbdc:SparusHoldingsLLCFkaSparusHoldingsIncMember2024-06-300001379785Spatial Business Systems LLC, Electric, First Lien Senior Secured Term Loan2024-06-300001379785Spatial Business Systems LLC, Electric, Revolver2024-06-300001379785bbdc:SpatialBusinessSystemsLLCMember2024-06-300001379785SSCP Pegasus Midco Limited, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:SSCPPegasusMidcoLimitedMember2024-06-300001379785SSCP Spring Bidco 3 Limited, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:SSCPSpringBidco3LimitedMember2024-06-300001379785Starnmeer B.V., Technology, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:StarnmeerBVMember2024-06-300001379785Superjet Buyer, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Superjet Buyer, LLC, Technology, Revolver2024-06-300001379785bbdc:SuperjetBuyerLLCMember2024-06-300001379785SVI International LLC, Automotive, First Lien Senior Secured Term Loan2024-06-300001379785SVI International LLC, Automotive, Revolver2024-06-300001379785SVI International LLC, Automotive, LLC Units ($207,921 units)2024-06-300001379785bbdc:SVIInternationalLLCMember2024-06-300001379785Syniverse Holdings, Inc., Technology Distributors, Series A Preferred Equity2024-06-300001379785bbdc:SyniverseHoldingsIncMember2024-06-300001379785TA SL Cayman Aggregator Corp., Technology, Subordinated Term Loan2024-06-300001379785TA SL Cayman Aggregator Corp., Technology, Common Stock2024-06-300001379785bbdc:TASLCaymanAggregatorCorpMember2024-06-300001379785Tank Holding Corp, Metal & Glass Containers, First Lien Senior Secured Term Loan 12024-06-300001379785Tank Holding Corp, Metal & Glass Containers, First Lien Senior Secured Term Loan 22024-06-300001379785Tank Holding Corp, Metal & Glass Containers, Revolver2024-06-300001379785bbdc:TankHoldingCorpMember2024-06-300001379785Tanqueray Bidco Limited, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Tanqueray Bidco Limited, Technology, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:TANQUERAYBIDCOLIMITEDMember2024-06-300001379785Team Air Distributing, LLC, Consumer Cyclical, Subordinated Term Loan2024-06-300001379785Team Air Distributing, LLC, Consumer Cyclical, Partnership Equity2024-06-300001379785bbdc:TeamAirDistributingLLCMember2024-06-300001379785Technology Service Stream BidCo Pty Ltd, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Technology Service Stream BidCo Pty Ltd, Technology, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:TechnologyServiceStreamBidCoPtyLtdMember2024-06-300001379785Techone B.V., Technology, First Lien Senior Secured Term Loan2024-06-300001379785Techone B.V., Technology, Revolver2024-06-300001379785bbdc:TechoneBVMember2024-06-300001379785Tencarva Machinery Company, LLC, Capital Equipment, First Lien Senior Secured Term Loan2024-06-300001379785Tencarva Machinery Company, LLC, Capital Equipment, Revolver2024-06-300001379785bbdc:TencarvaMachineryCompanyLLCMember2024-06-300001379785Terrybear, Inc., Consumer Products, Subordinated Term Loan2024-06-300001379785Terrybear, Inc., Consumer Products, Partnership Equity2024-06-300001379785bbdc:TerrybearIncMember2024-06-300001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan2024-06-300001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan 12024-06-300001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, Revolver2024-06-300001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, Subordinated Term Loan2024-06-300001379785bbdc:TheCaprockGroupIncAkaTATCGHoldingsLLCMember2024-06-300001379785The Hilb Group, LLC, Insurance Brokerage, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:TheHilbGroupLLCMember2024-06-300001379785The Octave Music Group, Inc., Media: Diversified & Production, Second Lien Senior Secured Term Loan2024-06-300001379785The Octave Music Group, Inc., Media: Diversified & Production, Partnership Equity2024-06-300001379785bbdc:TheOctaveMusicGroupIncMember2024-06-300001379785Trader Corporation, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Trader Corporation, Technology, Revolver2024-06-300001379785bbdc:TraderCorporationMember2024-06-300001379785Transit Technologies LLC, Software, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:TransitTechnologiesLLCMember2024-06-300001379785Transportation Insight, LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:TransportationInsightLLCMember2024-06-300001379785Trident Maritime Systems, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:TridentMaritimeSystemsIncMember2024-06-300001379785Trintech, Inc., Technology, First Lien Senior Secured Term Loan2024-06-300001379785Trintech, Inc., Technology, Revolver2024-06-300001379785bbdc:TrintechIncMember2024-06-300001379785True Religion Apparel, Inc., Retail, Preferred Unit2024-06-300001379785True Religion Apparel, Inc., Retail, Common Stock2024-06-300001379785bbdc:TrueReligionApparelIncMember2024-06-300001379785Trystar, LLC, Power Distribution Solutions, First Lien Senior Secured Term Loan2024-06-300001379785Trystar, LLC, Power Distribution Solutions, Class A LLC Units 2024-06-300001379785bbdc:TrystarLLCMember2024-06-300001379785TSYL Corporate Buyer, Inc., Technology, First Lien Senior Secured Term Loan2024-06-300001379785TSYL Corporate Buyer, Inc., Technology, First Lien Senior Secured Term Loan12024-06-300001379785TSYL Corporate Buyer, Inc., Technology, Revolver2024-06-300001379785TSYL Corporate Buyer, Inc., Technology, Partnership Units2024-06-300001379785bbdc:TSYLCorporateBuyerIncMember2024-06-300001379785Turbo Buyer, Inc., Finance Companies, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:TurboBuyerIncMember2024-06-300001379785Turnberry Solutions, Inc., Consumer Cyclical, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:TurnberrySolutionsIncMember2024-06-300001379785UBC Ledgers Holding AB, Financial Other, First Lien Senior Secured Term Loan2024-06-300001379785UBC Ledgers Holding AB, Financial Other, Revolver2024-06-300001379785bbdc:UBCLedgersHoldingABMember2024-06-300001379785UKFast Leaders Limited, Technology, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:UKFastLeadersLimitedMember2024-06-300001379785Union Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:UnionBidcoLimitedMember2024-06-300001379785United Therapy Holding III GmbH, Healthcare, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:UnitedTherapyHoldingIIIGmbHMember2024-06-300001379785Unither (Uniholding), Pharma-ceuticals, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:UnitherUniholdingMember2024-06-300001379785USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.), Legal Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:USLSAcquisitionIncfkaUSLegalSupportIncMember2024-06-300001379785Utac Ceram, Business Services, First Lien Senior Secured Term Loan2024-06-300001379785Utac Ceram, Business Services, First Lien Senior Secured Term Loan 12024-06-300001379785Utac Ceram, Business Services, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:UtacCeramMember2024-06-300001379785Validity, Inc., IT Consulting & Other Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:ValidityIncMember2024-06-300001379785Velocity Pooling Vehicle, LLC, Automotive, Common Stock2024-06-300001379785Velocity Pooling Vehicle, LLC, Automotive, Warrants2024-06-300001379785bbdc:VelocityPoolingVehicleLLCMember2024-06-300001379785Victoria Bidco Limited, Industrial Machinery, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:VictoriaBidcoLimitedMember2024-06-300001379785Vision Solutions Inc., Business Equipment & Services, Second Lien Senior Secured Term Loan2024-06-300001379785bbdc:VisionSolutionsIncMember2024-06-300001379785VistaJet Pass Through Trust 2021-1B, Airlines, Structured Secured Note - Class B2024-06-300001379785bbdc:VistaJetPassThroughTrust20211BMember2024-06-300001379785Vital Buyer, LLC, Technology, First Lien Senior Secured Term Loan2024-06-300001379785Vital Buyer, LLC, Technology, Partnership Units2024-06-300001379785bbdc:VitalBuyerLLCMember2024-06-300001379785VOYA CLO 2015-2, LTD., Multi-Sector Holdings, Subordinated Structured Notes2024-06-300001379785bbdc:VOYACLO20152LTDMember2024-06-300001379785VOYA CLO 2016-2, LTD., Multi-Sector Holdings, Subordinated Structured Notes2024-06-300001379785bbdc:VOYACLO20162LTDMember2024-06-300001379785W2O Holdings, Inc., Healthcare Technology, First Lien Senior Secured Term Loan2024-06-300001379785W2O Holdings, Inc., Healthcare Technology, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:W2OHoldingsIncMember2024-06-300001379785bbdc:WatermillQMCMidcoIncMember2024-06-300001379785Watermill-QMC Midco, Inc., Automotive, Equity2024-06-300001379785bbdc:WatermillQMCMidcoIncMember2024-06-300001379785WEST-NR ACQUISITIONCO, LLC, Insurance, First Lien Senior Secured Term Loan2024-06-300001379785WEST-NR ACQUISITIONCO, LLC, Insurance, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:WESTNRACQUISITIONCOLLCMember2024-06-300001379785Wheels Up Experience Inc, Transportation Services, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:WheelsUpExperienceIncMember2024-06-300001379785Whitcraft Holdings, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2024-06-300001379785Whitcraft Holdings, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan 12024-06-300001379785Whitcraft Holdings, Inc., Aerospace & Defense, Revolver2024-06-300001379785Whitcraft Holdings, Inc., Aerospace & Defense, LP Units 2024-06-300001379785bbdc:WhitcraftHoldingsIncMember2024-06-300001379785White Bidco Limited, Technology, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:WhiteBidcoLimitedMember2024-06-300001379785Wok Holdings Inc., Retail, First Lien Senior Secured Term Loan2024-06-300001379785bbdc:WokHoldingsIncMember2024-06-300001379785Woodland Foods, LLC, Food & Beverage, First Lien Senior Secured Term Loan2024-06-300001379785Woodland Foods, LLC, Food & Beverage, Revolver2024-06-300001379785Woodland Foods, LLC, Food & Beverage, Preferred Stock2024-06-300001379785Woodland Foods, LLC, Food & Beverage, Common Stock 2024-06-300001379785bbdc:WoodlandFoodsLLCMember2024-06-300001379785World 50, Inc., Professional Services, First Lien Senior Secured Term Loan 12024-06-300001379785World 50, Inc., Professional Services, First Lien Senior Secured Term Loan 22024-06-300001379785bbdc:World50IncMember2024-06-300001379785WWEC Holdings III Corp, Capital Goods, First Lien Senior Secured Term Loan2024-06-300001379785WWEC Holdings III Corp, Capital Goods, First Lien Senior Secured Term Loan 12024-06-300001379785Revolver2024-06-300001379785bbdc:WWECHoldingsIIICorpMember2024-06-300001379785Xeinadin Bidco Limited, Financial Other, First Lien Senior Secured Term Loan2024-06-300001379785Xeinadin Bidco Limited, Financial Other, First Lien Senior Secured Term Loan 12024-06-300001379785Xeinadin Bidco Limited, Financial Other, Subordinated Term Loan2024-06-300001379785Xeinadin Bidco Limited, Financial Other, Common Stock2024-06-300001379785bbdc:XeinadinBidcoLimitedMember2024-06-300001379785ZB Holdco LLC, Food & Beverage, First Lien Senior Secured Term Loan2024-06-300001379785ZB Holdco LLC, Food & Beverage, Revolver2024-06-300001379785ZB Holdco LLC, Food & Beverage, LLC Units2024-06-300001379785bbdc:ZBHoldcoLLCMember2024-06-300001379785Zeppelin Bidco Limited, Services: Business, First Lien Senior Secured Term Loan2024-06-300001379785Zeppelin Bidco Limited, Services: Business, First Lien Senior Secured Term Loan 12024-06-300001379785bbdc:ZeppelinBidcoLimitedMember2024-06-300001379785Celebration Bidco, LLC, Chemicals, Plastics, & Rubber, First Lien Senior Secured Term Loan2024-06-300001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure ,LLC Units, Common Stock 2024-06-300001379785bbdc:CelebrationBidcoLLCMember2024-06-300001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure, Subordinated Term Loan2024-06-300001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure, Subordinated Term Loan22024-06-300001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure ,LLC Units2024-06-300001379785Coastal Marina Holdings, LLC, LLC Units2024-06-300001379785bbdc:CoastalMarinaHoldingsLLCMember2024-06-300001379785Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, Revolver2024-06-300001379785Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, Second Lien Senior Secured Term Loan2024-06-300001379785Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, LLC Units2024-06-300001379785bbdc:EclipseBusinessCapitalLLCMember2024-06-300001379785bbdc:JocasseePartnersLLCMember2024-06-300001379785Jocassee Partners LLC, Investment Funds & Vehicles, Member Interest2024-06-300001379785bbdc:JocasseePartnersLLCMember2024-06-300001379785Rocade Holdings LLC, Other Financial, Preferred LP Units2024-06-300001379785Rocade Holdings LLC, Other Financial, Common LP Units2024-06-300001379785bbdc:RocadeHoldingsLLCMember2024-06-300001379785bbdc:SierraSeniorLoanStrategyJVILLCMember2024-06-300001379785Sierra Senior Loan Strategy JV I LLC, Joint Venture, Member Interest2024-06-300001379785bbdc:SierraSeniorLoanStrategyJVILLCMember2024-06-300001379785bbdc:ThompsonRiversLLCMember2024-06-300001379785Thompson Rivers LLC, Investment Funds & Vehicles2024-06-300001379785bbdc:ThompsonRiversLLCMember2024-06-300001379785bbdc:WaccamawRiverLLCMember2024-06-300001379785Waccamaw River LLC, Investment Funds & Vehicles2024-06-300001379785bbdc:WaccamawRiverLLCMember2024-06-300001379785Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, First Lien Senior Secured Term Loan2024-06-300001379785Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, First Lien Senior Secured Term Loan 12024-06-300001379785Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, LLC Units 2024-06-300001379785bbdc:BlackAngusSteakhousesLLCMember2024-06-300001379785MVC Automotive Group Gmbh, Automotive, Bridge Loan2024-06-300001379785MVC Automotive Group Gmbh, Automotive, Common Equity interest2024-06-300001379785bbdc:MVCAutomotiveGroupGmbHMember2024-06-300001379785MVC Private Equity Fund LP, Investment Funds & Vehicles, General Partnership Interest2024-06-300001379785MVC Private Equity Fund LP, Investment Funds & Vehicles, Limited Partnership Interest2024-06-300001379785bbdc:MVCPrivateEquityFundLPMember2024-06-300001379785Security Holdings B.V., Electrical Engineering, Bridge Loan2024-06-300001379785Security Holdings B.V., Electrical Engineering, Revolver2024-06-300001379785Security Holdings B.V., Electrical Engineering, Senior Unsecured Term Loan2024-06-300001379785Security Holdings B.V., Electrical Engineering, Senior Subordinated Term Loan2024-06-300001379785Security Holdings B.V., Electrical Engineering, Common Stock Series A 2024-06-300001379785Security Holdings B.V., Electrical Engineering, Common Stock Series B 2024-06-300001379785bbdc:SecurityHoldingsBVMember2024-06-300001379785bbdc:SeniorUnsecuredNotesDueFebruary2029Memberus-gaap:InterestRateSwapMember2024-06-300001379785bbdc:SeniorUnsecuredNotesDueFebruary2029Memberus-gaap:InterestRateSwapMember2024-04-012024-06-300001379785us-gaap:InterestRateSwapMember2024-04-012024-06-300001379785bbdc:MVCCreditSupportAgreementMemberbbdc:BaringsLLCMember2024-06-300001379785bbdc:MVCCreditSupportAgreementMemberbbdc:BaringsLLCMember2024-01-012024-06-300001379785bbdc:BaringsLLCMemberbbdc:SierraCreditSupportAgreementMember2024-06-300001379785bbdc:BaringsLLCMemberbbdc:SierraCreditSupportAgreementMember2024-01-012024-06-300001379785us-gaap:CreditRiskContractMember2024-01-012024-06-300001379785 AUD Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785 AUD Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785 AUD Foreign Currency Contract, Maturing October 08, 2024, Contract 2024-06-300001379785CAD Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785CAD Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785CAD Foreign Currency Contract, Maturing July 08, 2024, Contract 32024-06-300001379785CAD Foreign Currency Contract, Maturing July 08, 2024, Contract 42024-06-300001379785CAD Foreign Currency Contract, Maturing October 07, 2024, Contract2024-06-300001379785DKK Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785DKK Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785DKK Foreign Currency Contract, Maturing October 07, 2024, Contract 2024-06-300001379785EUR Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785EUR Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785EUR Foreign Currency Contract, Maturing July 08, 2024, Contract 32024-06-300001379785EUR Foreign Currency Contract, Maturing October 07, 2024, Contract 2024-06-300001379785NZD Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785NZD Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785NZD Foreign Currency Contract, Maturing July 08, 2024, Contract 32024-06-300001379785NZD Foreign Currency Contract, Maturing October 07, 2024, Contract 2024-06-300001379785NOK Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785NOK Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785NOK Foreign Currency Contract, Maturing July 08, 2024, Contract 32024-06-300001379785NOK Foreign Currency Contract, Maturing October 07, 2024, Contract 2024-06-300001379785GBP Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785GBP Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785GBP Foreign Currency Contract, Maturing July 08, 2024, Contract 32024-06-300001379785GBP Foreign Currency Contract, Maturing July 08, 2024, Contract 42024-06-300001379785GBP Foreign Currency Contract, Maturing October 07, 2024, Contract 2024-06-300001379785SEK Foreign Currency Contract, Maturing July 08, 2024, Contract 12024-06-300001379785SEK Foreign Currency Contract, Maturing July 08, 2024, Contract 22024-06-300001379785SEK Foreign Currency Contract, Maturing October 07, 2024, Contract 2024-06-300001379785CHF Foreign Currency Contract, Maturing July 08, 2024 Contract 12024-06-300001379785CHF Foreign Currency Contract, Maturing July 08, 2024 Contract 22024-06-300001379785CHF Foreign Currency Contract, Maturing July 08, 2024 Contract 32024-06-300001379785CHF Foreign Currency Contract, Maturing October 07, 2024 Contract 2024-06-300001379785Celebration Bidco, LLC, First Lien Senior Secured Term Loan 12024-06-300001379785Celebration Bidco, LLC, First Lien Senior Secured Term Loan 12023-12-310001379785Celebration Bidco, LLC, First Lien Senior Secured Term Loan 12024-01-012024-06-300001379785Celebration Bidco, LLC, Common Stock2024-06-300001379785Celebration Bidco, LLC, Common Stock2023-12-310001379785Celebration Bidco, LLC, Common Stock2024-01-012024-06-300001379785bbdc:CelebrationBidcoLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-12-310001379785bbdc:CelebrationBidcoLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-01-012024-06-300001379785bbdc:CelebrationBidcoLLCMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-06-300001379785Coastal Marina Holdings, LLC, Subordinated Term Loan 12024-06-300001379785Coastal Marina Holdings, LLC, Subordinated Term Loan 12023-12-310001379785Coastal Marina Holdings, LLC, Subordinated Term Loan 12024-01-012024-06-300001379785Coastal Marina Holdings, LLC, Subordinated Term Loan 22024-06-300001379785Coastal Marina Holdings, LLC, Subordinated Term Loan 22023-12-310001379785Coastal Marina Holdings, LLC, Subordinated Term Loan 22024-01-012024-06-300001379785Coastal Marina Holdings, LLC, LLC Units2023-12-310001379785Coastal Marina Holdings, LLC, LLC Units2024-01-012024-06-300001379785us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberbbdc:CoastalMarinaHoldingsLLCMember2023-12-310001379785us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberbbdc:CoastalMarinaHoldingsLLCMember2024-01-012024-06-300001379785us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberbbdc:CoastalMarinaHoldingsLLCMember2024-06-300001379785Eclipse Business Capital, LLC, Revolver2024-06-300001379785Eclipse Business Capital, LLC, Revolver2023-12-310001379785Eclipse Business Capital, LLC, Revolver2024-01-012024-06-300001379785Eclipse Business Capital, LLC, Second Lien Senior Secured Term Loan2024-06-300001379785Eclipse Business Capital, LLC, Second Lien Senior Secured Term Loan2023-12-310001379785Eclipse Business Capital, LLC, Second Lien Senior Secured Term Loan2024-01-012024-06-300001379785Eclipse Business Capital, LLC, LLC units2024-06-300001379785Eclipse Business Capital, LLC, LLC 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Revolver2023-12-310001379785bbdc:ATLIIMROHoldingsIncMember2023-12-310001379785Auxi International, Commercial Finance, First Lien Senior Secured Term Loan 12023-12-310001379785Auxi International, Commercial Finance, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:AuxiInternationalMember2023-12-310001379785Avance Clinical Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:AvanceClinicalBidcoPtyLtdMember2023-12-310001379785Aviation Technical Services, Inc., Aerospace & Defense, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:AviationTechnicalServicesIncMember2023-12-310001379785AVSC Holding Corp., Advertising, First Lien Senior Secured Term Loan 32023-12-310001379785bbdc:AVSCHoldingCorpMember2023-12-310001379785Azalea Buyer, Inc., Technology, First Lien Senior Secured Term Loan2023-12-310001379785Azalea Buyer, Inc., Technology, Revolver2023-12-310001379785Azalea Buyer, Inc., Technology, Subordinated Term Loan2023-12-310001379785Azalea Buyer, Inc., Technology, Common Stock2023-12-310001379785bbdc:AzaleaBuyerIncMember2023-12-310001379785Bariacum S.A, Consumer Products, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:BariacumSAMember2023-12-310001379785Benify (Bennevis AB), High Tech Industries, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:BenifyBennevisABMember2023-12-310001379785Beyond Risk Management, Inc., Other Financial, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:BeyondRiskManagementIncMember2023-12-310001379785Bidwax, Non-durable Consumer Goods, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:BidwaxMember2023-12-310001379785BigHand UK Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 2023-12-310001379785BigHand UK Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 22023-12-310001379785BigHand UK Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 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Loan2023-12-310001379785bbdc:BrightpayLimitedMember2023-12-310001379785BrightSign LLC, Media & Entertainment, First Lien Senior Secured Term Loan2023-12-310001379785BrightSign LLC, Media & Entertainment, Revolver2023-12-310001379785BrightSign LLC, Media & Entertainment, LLC units2023-12-310001379785bbdc:BrightSignLLCMember2023-12-310001379785British Airways 2020-1 Class B Pass Through Trust, Airlines, Structured Secured Note - Class B2023-12-310001379785bbdc:BritishAirways20201ClassBPassThroughTrustMember2023-12-310001379785British Engineering Services Holdco Limited, Commercial Services & Supplies, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:BritishEngineeringServicesHoldcoLimitedMember2023-12-310001379785Brook & Whittle Holding Corp., Containers, Packaging & Glass, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:BrookWhittleHoldingCorpMember2023-12-310001379785Brown Machine Group Holdings, LLC, Industrial Equipment, First Lien Senior Secured Term 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Class C - Warrants2023-12-310001379785Caribou Holding Company, LLC, Technology, LLC Units - Class X Equity 2023-12-310001379785bbdc:CanadianOrthodonticPartnersCorpMember2023-12-310001379785Caribou Holding Company, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Caribou Holding Company, LLC, Technology, LLC Units2023-12-310001379785bbdc:CaribouHoldingCompanyLLCMember2023-12-310001379785Cascade Residential Services LLC,Electric,First Lien Senior Secured Term Loan2023-12-310001379785Cascade Residential Services LLC, Electric, Revolver2023-12-310001379785bbdc:CascadeResidentialServicesLLCMember2023-12-310001379785Catawba River Limited, Finance Companies, Structured - Junior Note2023-12-310001379785bbdc:CatawbaRiverLimitedMember2023-12-310001379785Centralis Finco S.a.r.l., Diversified Financial Services, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:CentralisFincoSarlMember2023-12-310001379785Ceres Pharma NV, Pharma-ceuticals, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:CeresPharmaNVMember2023-12-310001379785CGI Parent, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan 12023-12-310001379785CGI Parent, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan 22023-12-310001379785CGI Parent, LLC, Business Equipment & Services, Revolver2023-12-310001379785CGI Parent, LLC, Business Equipment & Services, Preferred Stock2023-12-310001379785bbdc:CGIParentLLCMember2023-12-310001379785Classic Collision (Summit Buyer, LLC), Auto Collision Repair Centers, First Lien Senior Secured Term Loan 12023-12-310001379785Classic Collision (Summit Buyer, LLC), Auto Collision Repair Centers, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:ClassicCollisionSummitBuyerLLCMember2023-12-310001379785CM Acquisitions Holdings Inc., Internet & Direct Marketing, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:CMAcquisitionsHoldingsIncMember2023-12-310001379785CMT Opco Holding, LLC (Concept Machine), Distributors, First Lien Senior Secured Term Loan2023-12-310001379785CMT Opco Holding, LLC (Concept Machine), Distributors, First Lien Senior Secured Term Loan 22023-12-310001379785CMT Opco Holding, LLC (Concept Machine), Distributors, LLC Units2023-12-310001379785bbdc:CMTOpcoHoldingLLCConceptMachineMember2023-12-310001379785Cobham Slip Rings SAS, Diversified Manufacturing, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:CobhamSlipRingsSASMember2023-12-310001379785Command Alkon (Project Potter Buyer, LLC), Software, First Lien Senior Secured Term Loan 12023-12-310001379785Command Alkon (Project Potter Buyer, LLC), Software, Class B Partnership Units2023-12-310001379785bbdc:CommandAlkonProjectPotterBuyerLLCMember2023-12-310001379785Compass Precision, LLC, Aerospace & Defense, Senior Subordinated Term Loan2023-12-310001379785Compass Precision, LLC, Aerospace & Defense, LLC Units2023-12-310001379785bbdc:CompassPrecisionLLCMember2023-12-310001379785Comply365, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Comply365, LLC, Technology, First Lien Senior Secured Term Loan 12023-12-310001379785Comply365, LLC, Technology, Revolver2023-12-310001379785bbdc:Comply365LLCMember2023-12-310001379785Contabo Finco S.À R.L, Internet Software & Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ContaboFincoSARLMember2023-12-310001379785Core Scientific, Inc., Technology, Equipment Term Loan2023-12-310001379785Core Scientific, Inc., Technology, Common Stock2023-12-310001379785bbdc:CoreScientificIncMember2023-12-310001379785Coyo Uprising GmbH, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Coyo Uprising GmbH, Technology, Class A Units2023-12-310001379785Coyo Uprising GmbH, Technology, Class B Units2023-12-310001379785bbdc:CoyoUprisingGmbHMember2023-12-310001379785CSL DualCom, Tele-communications, First Lien 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Stock2023-12-310001379785bbdc:DecksDirectLLCMember2023-12-310001379785DISA Holdings Corp., Other Industrial, First Lien Senior Secured Term Loan2023-12-310001379785DISA Holdings Corp., Other Industrial, Revolver2023-12-310001379785bbdc:DISAHoldingsCorpMember2023-12-310001379785Distinct Holdings, Inc., Systems Software, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:DistinctHoldingsIncMember2023-12-310001379785Dragon Bidco, Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:DragonBidcoMember2023-12-310001379785DreamStart Bidco SAS (d/b/a SmartTrade), Diversified Financial Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:DreamStartBidcoSASDbaSmartTradeMember2023-12-310001379785Dryden 43 Senior Loan Fund, Series 2016-43A, Multi-Sector Holdings, Subordinated Structured Notes2023-12-310001379785bbdc:Dryden43SeniorLoanFundSeries201643AMember2023-12-310001379785Dryden 49 Senior Loan Fund, Series 2017-49A, Multi-Sector Holdings, 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Digital Testing International LUX Holding SARL, Technology, First Lien Senior Secured Term Loan 12023-12-310001379785Eurofins Digital Testing International LUX Holding SARL, Technology, First Lien Senior Secured Term Loan 22023-12-310001379785Eurofins Digital Testing International LUX Holding SARL, Technology, First Lien Senior Secured Term Loan 32023-12-310001379785Eurofins Digital Testing International LUX Holding SARL, Technology, Senior Subordinated Term Loan2023-12-310001379785bbdc:EurofinsDigitalTestingInternationalLUXHoldingSARLMember2023-12-310001379785Events Software BidCo Pty Ltd, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Events Software BidCo Pty Ltd, Technology, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:EventsSoftwareBidCoPtyLtdMember2023-12-310001379785Express Wash Acquisition Company, LLC, Consumer Cyclical, First Lien Senior Secured Term Loan 2023-12-310001379785Express Wash Acquisition Company, LLC, Consumer Cyclical, Revolver2023-12-310001379785bbdc:ExpressWashAcquisitionCompanyLLCMember2023-12-310001379785F24 (Stairway BidCo Gmbh), Software Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:F24StairwayBidCoGmbHMember2023-12-310001379785Faraday, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:FaradayMember2023-12-310001379785Ferrellgas L.P., Oil & Gas Equipment & Services, Opco Preferred Units2023-12-310001379785bbdc:FerrellgasLPMember2023-12-310001379785Finaxy Holding,Banking,First Lien Senior Secured Term Loan2023-12-310001379785Finaxy Holding, Banking, Subordinated Term Loan2023-12-310001379785bbdc:FinaxyHoldingMember2023-12-310001379785Fineline Technologies, Inc, Consumer Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:FinelineTechnologiesIncMember2023-12-310001379785Finexvet, Consumer Cyclical, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:FinexvetMember2023-12-310001379785FinThrive Software Intermediate Holdings 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Lien Senior Secured Term Loan2023-12-310001379785bbdc:FortisPaymentSystemsLLCMember2023-12-310001379785FragilePak LLC, Transportation Services, First Lien Senior Secured Term Loan2023-12-310001379785FragilePak LLC, Transportation Services, Partnership Units2023-12-310001379785bbdc:FragilePakLLCMember2023-12-310001379785FSS Buyer LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785FSS Buyer LLC, Technology, LP Interest2023-12-310001379785FSS Buyer LLC, Technology, LP Units2023-12-310001379785bbdc:FSSBuyerLLCMember2023-12-310001379785GB Eagle Buyer, Inc., Capital Goods, First Lien Senior Secured Term Loan2023-12-310001379785GB Eagle Buyer, Inc., Capital Goods, Revolver2023-12-310001379785GB Eagle Buyer, Inc., Capital Goods, Partnership Units2023-12-310001379785bbdc:GBEagleBuyerIncMember2023-12-310001379785Global Academic Group Limited, Industrial Other, First Lien Senior Secured Term Loan 12023-12-310001379785Global Academic Group Limited, Industrial Other, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:GlobalAcademicGroupLimitedMember2023-12-310001379785Gojo Industries, Inc. ,Industrial Other,First Lien Senior Secured Term Loan2023-12-310001379785bbdc:GojoIndustriesInc.Member2023-12-310001379785GPNZ II GmbH, Healthcare, First Lien Senior Secured Term Loan 12023-12-310001379785GPNZ II GmbH, Healthcare, First Lien Senior Secured Term Loan 22023-12-310001379785GPNZ II GmbH, Healthcare, Common Stock2023-12-310001379785bbdc:GPNZIIGmbHMember2023-12-310001379785Greenhill II BV, Technology, First Lien Senior Secured Term Loan 2023-12-310001379785bbdc:GreenhillIIBVMember2023-12-310001379785Groupe Guemas,Brokerage, Asset Managers & Exchanges ,First Lien Senior Secured Term Loan2023-12-310001379785bbdc:GroupeGuemasMember2023-12-310001379785Groupe Product Life, Consumer Non-cyclical, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:GroupeProductLifeMember2023-12-310001379785Gulf Finance, LLC, Oil & Gas Exploration & Production, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:GulfFinanceLLCMember2023-12-310001379785Gusto Aus BidCo Pty Ltd., Consumer Non-Cyclical, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:GustoAusBidCoPtyLtdMember2023-12-310001379785HeartHealth Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan 2023-12-310001379785bbdc:HeartHealthBidcoPtyLtdMember2023-12-310001379785Heartland Veterinary Partners, LLC, Healthcare, Subordinated Term Loan 12023-12-310001379785bbdc:HeartlandVeterinaryPartnersLLCMember2023-12-310001379785Heavy Construction Systems Specialists, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Heavy Construction Systems Specialists, LLC, Technology, Revolver2023-12-310001379785bbdc:HeavyConstructionSystemsSpecialistsLLCMember2023-12-310001379785Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)), Insurance, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:HeilbronFkaSucsezBoltBidcoBVMember2023-12-310001379785HEKA Invest, Technology, First Lien Senior Secured Term Loan 2023-12-310001379785bbdc:HEKAINVESTMember2023-12-310001379785HemaSource, Inc., Healthcare., First Lien Senior Secured Term Loan2023-12-310001379785HemaSource, Inc., Healthcare., Revolver2023-12-310001379785HemaSource, Inc., Healthcare., Common Stock2023-12-310001379785bbdc:HemaSourceIncMember2023-12-310001379785Home Care Assistance, LLC, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:HomeCareAssistanceLLCMember2023-12-310001379785HomeX Services Group LLC, Home Construction, First Lien Senior Secured Term Loan2023-12-310001379785HomeX Services Group LLC, Home Construction, Revolver2023-12-310001379785bbdc:HomeXServicesGroupLLCMember2023-12-310001379785Honour Lane Logistics Holdings Limited, Transportation Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:HonourLaneLogisticsHoldingsLimitedMember2023-12-310001379785HTI Technology & Industries, Electronic Component Manufacturing, First Lien Senior Secured Term Loan2023-12-310001379785HTI Technology & Industries, Electronic Component Manufacturing, Revolver2023-12-310001379785bbdc:HTITechnologyIndustriesMember2023-12-310001379785HW Holdco, LLC (Hanley Wood LLC), Advertising, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:HWHoldcoLLCHanleyWoodLLCMember2023-12-310001379785Hygie 31 Holding, Pharma-ceuticals, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:Hygie31HoldingMember2023-12-310001379785IM Square, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:IMSquareMember2023-12-310001379785Infoniqa Holdings GmbH, Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:InfoniqaHoldingsGmbHMember2023-12-310001379785Innovad Group II BV, Beverage, Food & Tobacco, First Lien Senior Secured Term Loan 12023-12-310001379785Innovad Group II BV, Beverage, Food & Tobacco, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:InnovadGroupIIBVMember2023-12-310001379785Innovative XCessories & Services, LLC, Automotive, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:InnovativeXCessoriesServicesLLCMember2023-12-310001379785INOS 19-090 GmbH, Aerospace & Defense, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:INOS19090GmbHMember2023-12-310001379785Interstellar Group B.V., Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:InterstellarGroupBVMember2023-12-310001379785InvoCare Limited, Consumer Cyclical Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:InvoCareLimitedMember2023-12-310001379785Iqor US Inc., Services: Business, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:IqorUSIncMember2023-12-310001379785Isagenix International, LLC, Wholesale, First Lien Senior Secured Term Loan2023-12-310001379785Isagenix International, LLC, Wholesale, Common 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12023-12-310001379785Jade Bidco Limited (Jane's), Aerospace & Defense, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:JadeBidcoLimitedJanesMember2023-12-310001379785JetBlue 2019-1 Class B Pass Through Trust, Structured Products, Structured Secured Note - Class B2023-12-310001379785bbdc:JetBlue20191ClassBPassThroughTrustMember2023-12-310001379785JF Acquisition, LLC, Automotive, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:JFAcquisitionLLCMember2023-12-310001379785Jon Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:JonBidcoLimitedMember2023-12-310001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, First Lien Senior Secured Term Loan2023-12-310001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, Revolver2023-12-310001379785Jones Fish Hatcheries & Distributors LLC, Consumer Products, LLC Units2023-12-310001379785bbdc:JonesFishHatcheriesDistributorsLLCMember2023-12-310001379785Kano Laboratories LLC, Chemicals, Plastics & Rubber, First Lien Senior Secured Term Loan2023-12-310001379785Kano Laboratories LLC, Chemicals, Plastics & Rubber, Partnership Equity2023-12-310001379785bbdc:KanoLaboratoriesLLCMember2023-12-310001379785Kene Acquisition, Inc. (En Engineering), Oil & Gas Equipment & Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:KeneAcquisitionIncEnEngineeringMember2023-12-310001379785Kid Distro Holdings, LLC, Media & Entertainment, First Lien Senior Secured Term Loan2023-12-310001379785Kid Distro Holdings, LLC, Media & Entertainment, LLC Units2023-12-310001379785bbdc:KidDistroHoldingsLLCMember2023-12-310001379785Kona Buyer, LLC, High Tech Industries, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:KonaBuyerLLCMember2023-12-310001379785Lambir Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785Lambir Bidco Limited, Healthcare, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:LambirBidcoLimitedMember2023-12-310001379785Lattice Group Holdings Bidco Limited, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Lattice Group Holdings Bidco Limited, Technology, Revolver2023-12-310001379785bbdc:LatticeGroupHoldingsBidcoLimitedMember2023-12-310001379785LeadsOnline, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan2023-12-310001379785LeadsOnline, LLC, Business Equipment & Services, Revolver2023-12-310001379785LeadsOnline, LLC, Business Equipment & Services, LLC Units2023-12-310001379785bbdc:LeadsOnlineLLCMember2023-12-310001379785Learfield Communications, LLC, Broadcasting, First Lien Senior Secured Term Loan 12023-12-310001379785Learfield Communications, LLC, Broadcasting, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:LearfieldCommunicationsLLCMember2023-12-310001379785Legal Solutions Holdings, Business Services, Senior Subordinated Loan2023-12-310001379785bbdc:LegalSolutionsHoldingsMember2023-12-310001379785Lifestyle Intermediate II, LLC, Consumer Goods: Durable, First Lien Senior Secured Term Loan2023-12-310001379785Lifestyle Intermediate II, LLC, Consumer Goods: Durable, Revolver2023-12-310001379785bbdc:LifestyleIntermediateIILLCMember2023-12-310001379785LivTech Purchaser, Inc., Business Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:LivTechPurchaserIncMember2023-12-310001379785LogMeIn, Inc., High Tech Industries, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:LogMeInIncMember2023-12-310001379785Long Term Care Group, Inc., Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:LongTermCareGroupIncMember2023-12-310001379785Magnetite XIX, Limited, Multi-Sector Holdings, Subordinated Notes2023-12-310001379785Magnetite XIX, Limited, Multi-Sector Holdings, Subordinated Structured Notes2023-12-310001379785bbdc:MagnetiteXIXLimitedMember2023-12-310001379785Marmoutier Holding B.V., Consumer Products, First Lien Senior Secured Term Loan2023-12-310001379785Marmoutier Holding B.V., Consumer Products, Revolver2023-12-310001379785bbdc:MarmoutierHoldingBVMember2023-12-310001379785Marshall Excelsior Co., Capital Goods, First Lien Senior Secured Term Loan2023-12-310001379785Marshall Excelsior Co., Capital Goods, Revolver2023-12-310001379785bbdc:MarshallExcelsiorCoMember2023-12-310001379785MC Group Ventures Corporation, Business Services, First Lien Senior Secured Term Loan2023-12-310001379785MC Group Ventures Corporation, Business Services, Partnership Units2023-12-310001379785bbdc:MCGroupVenturesCorporationMember2023-12-310001379785Media Recovery, Inc. (SpotSee), Containers, Packaging & Glass, First Lien Senior Secured Term Loan 12023-12-310001379785Media Recovery, Inc. (SpotSee), Containers, Packaging & Glass, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:MediaRecoveryIncSpotSeeMember2023-12-310001379785Median B.V., Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:MedianBVMember2023-12-310001379785Medical Solutions Parent Holdings, Inc., Healthcare, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:MedicalSolutionsParentHoldingsIncMember2023-12-310001379785Mercell Holding AS, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Mercell Holding AS, Technology, Class A Units2023-12-310001379785Mercell Holding AS, Technology, Class B Units2023-12-310001379785bbdc:MercellHoldingASMember2023-12-310001379785MNS Buyer, Inc., Construction and Building, First Lien Senior Secured Term Loan2023-12-310001379785MNS Buyer, Inc., Construction and Building, Partnership Units2023-12-310001379785bbdc:MNSBuyerIncMember2023-12-310001379785Modern Star Holdings Bidco Pty Limited., Non-durable Consumer Goods, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ModernStarHoldingsBidcoPtyLimitedMember2023-12-310001379785Moonlight Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785Moonlight Bidco Limited, Healthcare, Common Stock2023-12-310001379785bbdc:MoonlightBidcoLimitedMember2023-12-310001379785Murphy Midco Limited, Media, Diversified & Production, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:MurphyMidcoLimitedMember2023-12-310001379785Music Reports, Inc., Media & Entertainment, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:MusicReportsIncMember2023-12-310001379785Napa Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:NapaBidcoPtyLtdMember2023-12-310001379785Narda Acquisitionco., Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2023-12-310001379785Narda Acquisitionco., Inc., Aerospace & Defense, Revolver2023-12-310001379785Narda Acquisitionco., Inc., Aerospace & Defense, Class A Preferred Stock2023-12-310001379785Narda Acquisitionco., Inc., Aerospace & Defense, Class B Common Stock2023-12-310001379785bbdc:NardaAcquisitioncoIncMember2023-12-310001379785Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 12023-12-310001379785Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:NaviaBenefitSolutionsIncMember2023-12-310001379785NAW Buyer LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785NAW Buyer LLC, Technology, Revolver2023-12-310001379785NAW Buyer LLC, Technology, Equity Co Invest2023-12-310001379785bbdc:NAWBuyerLLCMember2023-12-310001379785NeoxCo, Internet Software & Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:NeoxCoMember2023-12-310001379785Next Holdco, LLC,Technology,First Lien Senior Secured Term Loan2023-12-310001379785Next Holdco, LLC,Technology,Revolver2023-12-310001379785bbdc:NextHoldcoLLCMember2023-12-310001379785NF Holdco, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785NF Holdco, LLC, Technology, Revolver2023-12-310001379785NF Holdco, LLC, Technology, LP Units2023-12-310001379785bbdc:NFHoldcoLLCMember2023-12-310001379785NGS US Finco, LLC (f/k/a Dresser Natural Gas Solutions), Energy Equipment & Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:NGSUSFincoLLCFkaDresserNaturalGasSolutionsMember2023-12-310001379785Northstar Recycling, LLC, Environmental Industries, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:NorthstarRecyclingLLCMember2023-12-310001379785Novotech Aus Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:NovotechAusBidcoPtyLtdNettingMember2023-12-310001379785NPM Investments 28 B.V., Healthcare, First Lien Senior Secured Term Loan 2023-12-310001379785bbdc:NPMInvestments28BVMember2023-12-310001379785OA Buyer, Inc., Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785OA Buyer, Inc., Healthcare, Revolver2023-12-310001379785OA Buyer, Inc., Healthcare, Partnership Units2023-12-310001379785bbdc:OABuyerIncMember2023-12-310001379785OAC Holdings I Corp, Automotive, First Lien Senior Secured Term Loan2023-12-310001379785OAC Holdings I Corp, Automotive, Revolver2023-12-310001379785bbdc:OACHoldingsICorpMember2023-12-310001379785Ocelot Holdco LLC, Construction Machinery, Super Senior Takeback Loan2023-12-310001379785Ocelot Holdco LLC, Construction Machinery, Takeback Term Loan2023-12-310001379785Ocelot Holdco LLC, Construction Machinery, Preferred Stock2023-12-310001379785Ocelot Holdco LLC, Construction Machinery, Common Stock2023-12-310001379785bbdc:OcelotHoldcoLLCMember2023-12-310001379785Ocular Therapeutix, Inc., Pharma-ceuticals, First Lien Senior Secured Term Loan 2023-12-310001379785bbdc:OcularTherapeutixIncMember2023-12-310001379785Offen Inc., Transportation: Cargo, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:OffenIncMember2023-12-310001379785OG III B.V., Containers & Glass Products, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:OGIIIBVMember2023-12-310001379785Omni Intermediate Holdings, LLC, Transportation, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:OmniIntermediateHoldingsLLCMember2023-12-310001379785Options Technology Ltd., Computer Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:OptionsTechnologyLtdMember2023-12-310001379785Oracle Vision Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:OracleVisionBidcoLimitedMember2023-12-310001379785Origin Bidco Limited, Technology, First Lien Senior Secured Term Loan 12023-12-310001379785Origin Bidco Limited, Technology, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:OriginBidcoLimitedMember2023-12-310001379785ORTEC INTERNATIONAL NEWCO B.V. Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ORTECINTERNATIONALNEWCOB.V.Member2023-12-310001379785OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 12023-12-310001379785OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 22023-12-310001379785OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 32023-12-310001379785OSP Hamilton Purchaser, LLC, Technology, LP Units2023-12-310001379785bbdc:OSPHamiltonPurchaserLLCMember2023-12-310001379785Panoche Energy Center LLC, Electric, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:PanocheEnergyCenterLLCMember2023-12-310001379785Pare SAS (SAS Maurice MARLE), Health Care Equipment, First Lien Senior Secured Term Loan 12023-12-310001379785Pare SAS (SAS Maurice MARLE), Health Care Equipment, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:PareSASSASMauriceMARLEMember2023-12-310001379785Parkview Dental Holdings LLC, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785Parkview Dental Holdings LLC, Healthcare, LLC Units2023-12-310001379785bbdc:ParkviewDentalHoldingsLLCMember2023-12-310001379785Patriot New Midco 1 Limited (Forensic Risk Alliance), Diversified Financial Services, First Lien Senior Secured Term Loan 12023-12-310001379785Patriot New Midco 1 Limited (Forensic Risk Alliance), Diversified Financial Services, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:PatriotNewMidco1LimitedForensicRiskAllianceMember2023-12-310001379785PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan2023-12-310001379785PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan 12023-12-310001379785PDQ.Com Corporation, Business Equipment & Services, Class A-2 Partnership Units2023-12-310001379785bbdc:PDQComCorporationMember2023-12-310001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class A2023-12-310001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class B2023-12-310001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class C2023-12-310001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class D2023-12-310001379785Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class E2023-12-310001379785bbdc:PerimeterMasterNoteBusinessTrustMember2023-12-310001379785Permaconn BidCo Pty Ltd, Tele-communications, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:PermaconnBidCoPtyLtdMember2023-12-310001379785Polara Enterprises, L.L.C., Capital Equipment, First Lien Senior Secured Term Loan2023-12-310001379785Polara Enterprises, L.L.C., Capital Equipment, Revolver2023-12-310001379785Polara Enterprises, L.L.C., Capital Equipment, Partnership Units2023-12-310001379785bbdc:PolaraEnterprisesLLCMember2023-12-310001379785Policy Services Company, LLC, Property & Casualty Insurance, First Lien Senior Secured Term Loan2023-12-310001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class A2023-12-310001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class B2023-12-310001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class CC2023-12-310001379785Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class D2023-12-310001379785bbdc:PolicyServicesCompanyLLCMember2023-12-310001379785Polymer Solutions Group Holdings, LLC, Chemicals, Plastics & Rubber, First Lien Senior Secured Term Loan2023-12-310001379785Polymer Solutions Group Holdings, LLC, Chemicals, Plastics & Rubber, Common Stock2023-12-310001379785bbdc:PolymerSolutionsGroupHoldingsLLCMember2023-12-310001379785Premium Franchise Brands, LLC, Research & Consulting Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:PremiumFranchiseBrandsLLCMember2023-12-310001379785Premium Invest, Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:PremiumInvestMember2023-12-310001379785Preqin MC Limited, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:PreqinMCLimitedMember2023-12-310001379785Process Equipment, Inc. (ProcessBarron), Industrial Air & Material Handling Equipment, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ProcessEquipmentIncProcessBarronMember2023-12-310001379785Process Insights Acquisition, Inc., Electronics, First Lien Senior Secured Term Loan2023-12-310001379785Process Insights Acquisition, Inc., Electronics, Revolver2023-12-310001379785Process Insights Acquisition, Inc., Electronics, Common Stock2023-12-310001379785bbdc:ProcessInsightsAcquisitionIncMember2023-12-310001379785Professional Datasolutions, Inc. (PDI), Application Software, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ProfessionalDatasolutionsIncPDIMember2023-12-310001379785ProfitOptics, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785ProfitOptics, LLC, Technology, Revolver2023-12-310001379785ProfitOptics, LLC, Technology, Second Lien Senior Subordinated Term Loan2023-12-310001379785ProfitOptics, LLC, Technology, LLC Units2023-12-310001379785bbdc:ProfitOpticsLLCMember2023-12-310001379785Proppants Holding, LLC, Energy: Oil & Gas, LLC Units2023-12-310001379785bbdc:ProppantsHoldingLLCMember2023-12-310001379785Protego Bidco B.V., Aerospace & Defense, First Lien Senior Secured Term Loan2023-12-310001379785Protego Bidco B.V., Aerospace & Defense, Revolver2023-12-310001379785bbdc:ProtegoBidcoBVMember2023-12-310001379785PSP Intermediate 4, LLC, Technology, First Lien Senior Secured Term Loan 12023-12-310001379785PSP Intermediate 4, LLC, Technology, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:PSPIntermediate4LLCMember2023-12-310001379785QPE7 SPV1 BidCo Pty Ltd, Consumer Cyclical, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:QPE7SPV1BidCoPtyLtdMember2023-12-310001379785Qualified Industries, LLC, Consumer Cyclical, First Lien Senior Secured Term Loan2023-12-310001379785Qualified Industries, LLC, Consumer Cyclical, Revolver 2023-12-310001379785Qualified Industries, LLC, Consumer Cyclical, Preferred Stock2023-12-310001379785Qualified Industries, LLC, Consumer Cyclical, Common Stock2023-12-310001379785bbdc:QualifiedIndustriesLLCMember2023-12-310001379785Questel Unite, Business Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:QuestelUniteMember2023-12-310001379785R1 Holdings, LLC, Transportation, First Lien Senior Secured Term Loan2023-12-310001379785R1 Holdings, LLC, Transportation, Revolver2023-12-310001379785bbdc:R1HoldingsLLCMember2023-12-310001379785RA Outdoors, LLC, High Tech Industries, First Lien Senior Secured Term Loan2023-12-310001379785RA Outdoors, LLC, High Tech Industries, Revolver2023-12-310001379785bbdc:RAOutdoorsLLCMember2023-12-310001379785Randys Holdings, Inc., Automobile Manufacturers. First Lien Senior Secured Term Loan2023-12-310001379785Randys Holdings, Inc., Automobile Manufacturers. Revolver2023-12-310001379785Randys Holdings, Inc., Automobile Manufacturers. Partnership Units2023-12-310001379785bbdc:RandysHoldingsIncMember2023-12-310001379785Recovery Point Systems, Inc., Technology, First Lien Senior Secured Term Loan2023-12-310001379785Recovery Point Systems, Inc., Technology, Partnership Equity2023-12-310001379785bbdc:RecoveryPointSystemsIncMember2023-12-310001379785Renovation Parent Holdings, LLC, Home Furnishings, First Lien Senior Secured Term Loan2023-12-310001379785Renovation Parent Holdings, LLC, Home Furnishings, Partnership Equity2023-12-310001379785bbdc:RenovationParentHoldingsLLCMember2023-12-310001379785REP SEKO MERGER SUB LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan 12023-12-310001379785REP SEKO MERGER SUB LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:REPSEKOMERGERSUBLLCMember2023-12-310001379785Resolute Investment Managers, Inc., Banking, Finance, Insurance & Real Estate, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:ResoluteInvestmentManagersIncMember2023-12-310001379785Resonetics, LLC, Health Care Equipment, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:ResoneticsLLCMember2023-12-310001379785Rhondda Financing No. 1 DAC, Finance Companies, Structured - Junior Note2023-12-310001379785bbdc:RhonddaFinancingNo1DACMember2023-12-310001379785Riedel Beheer B.V., Food & Beverage, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:RiedelBeheerBVMember2023-12-310001379785Rock Labor LLC, Media: Diversified & Production, First Lien Senior Secured Term Loan2023-12-310001379785Rock Labor LLC, Media: Diversified & Production, Revolver2023-12-310001379785Rock Labor LLC, Media: Diversified & Production, LLC Units2023-12-310001379785bbdc:RockLaborLLCMember2023-12-310001379785Royal Buyer, LLC, Industrial Other, First Lien Senior Secured Term Loan2023-12-310001379785Royal Buyer, LLC, Industrial Other, Revolver2023-12-310001379785bbdc:RoyalBuyerLLCMember2023-12-310001379785RPX Corporation, Research & Consulting Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:RPXCorporationMember2023-12-310001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, First Lien Senior Secured Term Loan2023-12-310001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Revolver2023-12-310001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class A Preferred Stock2023-12-310001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class B Preferred Stock2023-12-310001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class C Preferred Stock2023-12-310001379785RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Common Stock2023-12-310001379785bbdc:RTICSubsidiaryHoldingsLLCMember2023-12-310001379785Ruffalo Noel Levitz, LLC, Media Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:RuffaloNoelLevitzLLCMember2023-12-310001379785Safety Products Holdings, LLC, Non-durable Consumer Goods, First Lien Senior Secured Term Loan2023-12-310001379785Safety Products Holdings, LLC, Non-durable Consumer Goods, Preferred Stock2023-12-310001379785bbdc:SafetyProductsHoldingsLLCMember2023-12-310001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 12023-12-310001379785Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:SanoptisSARLMember2023-12-310001379785SBP Holdings LP, Industrial Other, First Lien Senior Secured Term Loan2023-12-310001379785SBP Holdings LP, Industrial Other, Revolver2023-12-310001379785bbdc:SBPHoldingsLPMember2023-12-310001379785Scaled Agile, Inc., Research & Consulting Services, First Lien Senior Secured Term Loan2023-12-310001379785Scaled Agile, Inc., Research & Consulting Services, Revolver2023-12-310001379785bbdc:ScaledAgileIncMember2023-12-310001379785Scout Bidco B.V., Diversified Manufacturing, First Lien Senior Secured Term Loan 12023-12-310001379785Scout Bidco B.V., Diversified Manufacturing, First Lien Senior Secured Term Loan 22023-12-310001379785Scout Bidco B.V., Diversified Manufacturing, Revolver2023-12-310001379785bbdc:ScoutBidcoBVMember2023-12-310001379785Sereni Capital NV, Consumer Cyclical, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:SereniCapitalNVMember2023-12-310001379785Serta Simmons Bedding LLC, Home Furnishings, Common Stock2023-12-310001379785bbdc:SertaSimmonsBeddingLLCMember2023-12-310001379785Shelf Bidco Ltd., Other Financial, First Lien Senior Secured Term Loan2023-12-310001379785Shelf Bidco Ltd., Other Financial, Common Stock2023-12-310001379785bbdc:ShelfBidcoLtdMember2023-12-310001379785Sinari Invest, Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:SinariInvestMember2023-12-310001379785SISU ACQUISITIONCO., INC., Aerospace & Defense, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:SISUACQUISITIONCOINCMember2023-12-310001379785Smartling, Inc., Technology, First Lien Senior Secured Term Loan2023-12-310001379785Smartling, Inc., Technology, Revolver2023-12-310001379785bbdc:SmartlingIncMember2023-12-310001379785SmartShift Group, Inc., Technology, First Lien Senior Secured Term Loan2023-12-310001379785SmartShift Group, Inc., Technology, Revolver2023-12-310001379785SmartShift Group, Inc., Technology, Common Stock2023-12-310001379785bbdc:SmartShiftGroupIncMember2023-12-310001379785Smile Brands Group Inc., Health Care Services, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:SmileBrandsGroupIncMember2023-12-310001379785SN BUYER, LLC, Health Care Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:SNBUYERLLCMember2023-12-310001379785Soho Square III Debtco II SARL, Diversified Capital Markets, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:SohoSquareIIIDebtcoIISARLMember2023-12-310001379785Solo Buyer, L.P., Technology, First Lien Senior Secured Term Loan2023-12-310001379785Solo Buyer, L.P., Technology, Revolver2023-12-310001379785Solo Buyer, L.P., Technology, Partnership Units2023-12-310001379785bbdc:SoloBuyerLPMember2023-12-310001379785Sound Point CLO XX, Ltd., Multi-Sector Holdings, Subordinated Structured Notes2023-12-310001379785bbdc:SoundPointCLOXXLtdMember2023-12-310001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, First Lien Senior Secured Term Loan2023-12-310001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, Revolver2023-12-310001379785bbdc:SparusHoldingsLLCFkaSparusHoldingsIncMember2023-12-310001379785Spatial Business Systems LLC, Electric, First Lien Senior Secured Term Loan2023-12-310001379785Spatial Business Systems LLC, Electric, Revolver2023-12-310001379785bbdc:SpatialBusinessSystemsLLCMember2023-12-310001379785Springbrook Software (SBRK Intermediate, Inc.), Enterprise Software & Services, First Lien Senior Secured Term Loan 12023-12-310001379785Springbrook Software (SBRK Intermediate, Inc.), Enterprise Software & Services, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:SpringbrookSoftwareSBRKIntermediateIncMember2023-12-310001379785SSCP Pegasus Midco Limited, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:SSCPPegasusMidcoLimitedMember2023-12-310001379785SSCP Spring Bidco 3 Limited, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:SSCPSpringBidco3LimitedMember2023-12-310001379785Starnmeer B.V., Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:StarnmeerBVMember2023-12-310001379785Superjet Buyer, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Superjet Buyer, LLC, Technology, Revolver2023-12-310001379785bbdc:SuperjetBuyerLLCMember2023-12-310001379785Syniverse Holdings, Inc., Technology Distributors, Series A Preferred Equity2023-12-310001379785bbdc:SyniverseHoldingsIncMember2023-12-310001379785Syntax Systems Ltd, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Syntax Systems Ltd, Technology, Revolver2023-12-310001379785bbdc:SyntaxSystemsLtdMember2023-12-310001379785TA SL Cayman Aggregator Corp., Technology, Subordinated Term Loan2023-12-310001379785TA SL Cayman Aggregator Corp., Technology, Common Stock2023-12-310001379785bbdc:TASLCaymanAggregatorCorpMember2023-12-310001379785Tank Holding Corp, Metal & Glass Containers, First Lien Senior Secured Term Loan 12023-12-310001379785Tank Holding Corp, Metal & Glass Containers, First Lien Senior Secured Term Loan 22023-12-310001379785Tank Holding Corp, Metal & Glass Containers, Revolver2023-12-310001379785bbdc:TankHoldingCorpMember2023-12-310001379785Tanqueray Bidco Limited, Technology. First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TANQUERAYBIDCOLIMITEDMember2023-12-310001379785Team Air Distributing, LLC, Consumer Cyclical, Subordinated Term Loan2023-12-310001379785Team Air Distributing, LLC, Consumer Cyclical, Partnership Equity2023-12-310001379785bbdc:TeamAirDistributingLLCMember2023-12-310001379785Team Car Care, LLC, Automotive, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TeamCarCareLLCMember2023-12-310001379785Team Services Group, Services: Consumer, First Lien Senior Secured Term Loan2023-12-310001379785Team Services Group, Services: Consumer, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:TeamServicesGroupMember2023-12-310001379785Techone B.V., Technology, First Lien Senior Secured Term Loan2023-12-310001379785Techone B.V., Technology, Revolver2023-12-310001379785bbdc:TechoneBVMember2023-12-310001379785Tencarva Machinery Company, LLC, Capital Equipment, First Lien Senior Secured Term Loan2023-12-310001379785Tencarva Machinery Company, LLC, Capital Equipment, Revolver2023-12-310001379785bbdc:TencarvaMachineryCompanyLLCMember2023-12-310001379785Terrybear, Inc., Consumer Products, Subordinated Term Loan2023-12-310001379785Terrybear, Inc., Consumer Products, Partnership Equity2023-12-310001379785bbdc:TerrybearIncMember2023-12-310001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan2023-12-310001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, Revolver2023-12-310001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, Subordinated Term Loan2023-12-310001379785bbdc:TheCaprockGroupIncAkaTATCGHoldingsLLCMember2023-12-310001379785The Cleaver-Brooks Company, Inc., Capital Equipment, First Lien Senior Secured Term Loan2023-12-310001379785The Cleaver-Brooks Company, Inc., Capital Equipment, Revolver2023-12-310001379785The Cleaver-Brooks Company, Inc., Capital Equipment, Subordinated Term Loan2023-12-310001379785bbdc:TheCleaverBrooksCompanyIncMember2023-12-310001379785The Hilb Group, LLC, Insurance Brokerage, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TheHilbGroupLLCMember2023-12-310001379785The Octave Music Group, Inc., Media: Diversified & Production, Second Lien Senior Secured Term Loan2023-12-310001379785The Octave Music Group, Inc., Media: Diversified & Production, Partnership Equity2023-12-310001379785bbdc:TheOctaveMusicGroupIncMember2023-12-310001379785Total Safety U.S. Inc., Diversified Support Services, First Lien Senior Secured Term Loan 12023-12-310001379785Total Safety U.S. Inc., Diversified Support Services, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:TotalSafetyUSIncMember2023-12-310001379785Trader Corporation, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Trader Corporation, Technology, Revolver2023-12-310001379785bbdc:TraderCorporationMember2023-12-310001379785Transit Technologies LLC, Software, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TransitTechnologiesLLCMember2023-12-310001379785Transportation Insight, LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TransportationInsightLLCMember2023-12-310001379785Trident Maritime Systems, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TridentMaritimeSystemsIncMember2023-12-310001379785Trintech, Inc., Technology, First Lien Senior Secured Term Loan2023-12-310001379785Trintech, Inc., Technology, Revolver2023-12-310001379785bbdc:TrintechIncMember2023-12-310001379785Truck-Lite Co., LLC, Automotive Parts & Equipment, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TruckLiteCoLLCMember2023-12-310001379785True Religion Apparel, Inc., Retail, Preferred Unit2023-12-310001379785True Religion Apparel, Inc., Retail, Common Stock2023-12-310001379785bbdc:TrueReligionApparelIncMember2023-12-310001379785Trystar, LLC, Power Distribution Solutions, First Lien Senior Secured Term Loan2023-12-310001379785Trystar, LLC, Power Distribution Solutions, Class A LLC Units 2023-12-310001379785bbdc:TrystarLLCMember2023-12-310001379785TSYL Corporate Buyer, Inc., Technology, First Lien Senior Secured Term Loan2023-12-310001379785TSYL Corporate Buyer, Inc., Technology, First Lien Senior Secured Term Loan12023-12-310001379785TSYL Corporate Buyer, Inc., Technology, Revolver2023-12-310001379785TSYL Corporate Buyer, Inc., Technology, Partnership Units2023-12-310001379785bbdc:TSYLCorporateBuyerIncMember2023-12-310001379785Turbo Buyer, Inc., Finance Companies, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TurboBuyerIncMember2023-12-310001379785Turnberry Solutions, Inc., Consumer Cyclical, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:TurnberrySolutionsIncMember2023-12-310001379785UBC Ledgers Holding AB, Financial Other, First Lien Senior Secured Term Loan2023-12-310001379785UBC Ledgers Holding AB, Financial Other, Revolver2023-12-310001379785bbdc:UBCLedgersHoldingABMember2023-12-310001379785UKFast Leaders Limited, Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:UKFastLeadersLimitedMember2023-12-310001379785Union Bidco Limited, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:UnionBidcoLimitedMember2023-12-310001379785United Therapy Holding III GmbH, Healthcare, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:UnitedTherapyHoldingIIIGmbHMember2023-12-310001379785Unither (Uniholding), Pharma-ceuticals, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:UnitherUniholdingMember2023-12-310001379785USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.), Legal Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:USLSAcquisitionIncfkaUSLegalSupportIncMember2023-12-310001379785Utac Ceram, Business Services, First Lien Senior Secured Term Loan 12023-12-310001379785Utac Ceram, Business Services, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:UtacCeramMember2023-12-310001379785Validity, Inc., IT Consulting & Other Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ValidityIncMember2023-12-310001379785Velocity Pooling Vehicle, LLC, Automotive, Common Stock2023-12-310001379785Velocity Pooling Vehicle, LLC, Automotive, Warrants2023-12-310001379785bbdc:VelocityPoolingVehicleLLCMember2023-12-310001379785Victoria Bidco Limited, Industrial Machinery, First Lien Senior Secured Term Loan 12023-12-310001379785bbdc:VictoriaBidcoLimitedMember2023-12-310001379785Vision Solutions Inc., Business Equipment & Services, Second Lien Senior Secured Term Loan2023-12-310001379785bbdc:VisionSolutionsIncMember2023-12-310001379785VistaJet Pass Through Trust 2021-1B, Airlines, Structured Secured Note - Class B2023-12-310001379785bbdc:VistaJetPassThroughTrust20211BMember2023-12-310001379785Vital Buyer, LLC, Technology, First Lien Senior Secured Term Loan2023-12-310001379785Vital Buyer, LLC, Technology, Partnership Units2023-12-310001379785bbdc:VitalBuyerLLCMember2023-12-310001379785VOYA CLO 2015-2, LTD., Multi-Sector Holdings, Subordinated Structured Notes2023-12-310001379785bbdc:VOYACLO20152LTDMember2023-12-310001379785VOYA CLO 2016-2, LTD., Multi-Sector Holdings, Subordinated Structured Notes2023-12-310001379785bbdc:VOYACLO20162LTDMember2023-12-310001379785W2O Holdings, Inc., Healthcare Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:W2OHoldingsIncMember2023-12-310001379785bbdc:WatermillQMCMidcoIncMember2023-12-310001379785Watermill-QMC Midco, Inc., Automotive, Equity2023-12-310001379785bbdc:WatermillQMCMidcoIncMember2023-12-310001379785WEST-NR ACQUISITIONCO, LLC,Insurance, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:WESTNRACQUISITIONCOLLCMember2023-12-310001379785Wheels Up Experience Inc, Transportation Services, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:WheelsUpExperienceIncMember2023-12-310001379785Whitcraft Holdings, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan2023-12-310001379785Whitcraft Holdings, Inc., Aerospace & Defense, Revolver2023-12-310001379785Whitcraft Holdings, Inc., Aerospace & Defense, LP Units2023-12-310001379785bbdc:WhitcraftHoldingsIncMember2023-12-310001379785White Bidco Limited, Technology, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:WhiteBidcoLimitedMember2023-12-310001379785Wok Holdings Inc., Retail, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:WokHoldingsIncMember2023-12-310001379785Woodland Foods, LLC, Food & Beverage, First Lien Senior Secured Term Loan2023-12-310001379785Woodland Foods, LLC, Food & Beverage, Revolver2023-12-310001379785Woodland Foods, LLC, Food & Beverage, Common Stock2023-12-310001379785bbdc:WoodlandFoodsLLCMember2023-12-310001379785World 50, Inc., Professional Services, First Lien Senior Secured Term Loan 12023-12-310001379785World 50, Inc., Professional Services, First Lien Senior Secured Term Loan 22023-12-310001379785bbdc:World50IncMember2023-12-310001379785WWEC Holdings III Corp, Capital Goods, First Lien Senior Secured Term Loan2023-12-310001379785WWEC Holdings III Corp, Capital Goods, Revolver2023-12-310001379785bbdc:WWECHoldingsIIICorpMember2023-12-310001379785Xeinadin Bidco Limited, Financial Other, First Lien Senior Secured Term Loan2023-12-310001379785Xeinadin Bidco Limited, Financial Other, Subordinated Term Loan2023-12-310001379785Xeinadin Bidco Limited, Financial Other, Common Stock2023-12-310001379785bbdc:XeinadinBidcoLimitedMember2023-12-310001379785ZB Holdco LLC, Food & Beverage, First Lien Senior Secured Term Loan2023-12-310001379785ZB Holdco LLC, Food & Beverage, Revolver2023-12-310001379785ZB Holdco LLC, Food & Beverage, LLC Units2023-12-310001379785bbdc:ZBHoldcoLLCMember2023-12-310001379785Zeppelin Bidco Limited, Services: Business, First Lien Senior Secured Term Loan2023-12-310001379785bbdc:ZeppelinBidcoLimitedMember2023-12-310001379785Celebration Bidco, LLC, Chemicals, Plastics, & Rubber, First Lien Senior Secured Term Loan2023-12-310001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure ,LLC Units, Common Stock 2023-12-310001379785bbdc:CelebrationBidcoLLCMember2023-12-310001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure, Subordinated Term Loan2023-12-310001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure, Subordinated Term Loan22023-12-310001379785Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure ,LLC Units2023-12-310001379785bbdc:CoastalMarinaHoldingsLLCMember2023-12-310001379785Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, Revolver2023-12-310001379785Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, Second Lien Senior Secured Term Loan2023-12-310001379785Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, LLC Units2023-12-310001379785bbdc:EclipseBusinessCapitalLLCMember2023-12-310001379785Hylan Datacom & Electrical LLC, Construction & Building, First Lien Senior Secured Term Loan2023-12-310001379785Hylan Datacom & Electrical LLC, Construction & Building, Common Stock2023-12-310001379785bbdc:HylanDatacomAndElectricalLLCMember2023-12-310001379785bbdc:JocasseePartnersLLCMember2023-12-310001379785Jocassee Partners LLC, Investment Funds & Vehicles, Member Interest2023-12-310001379785bbdc:JocasseePartnersLLCMember2023-12-310001379785Rocade Holdings LLC, Other Financial, Preferred LP Units2023-12-310001379785Rocade Holdings LLC, Other Financial, Common LP Units2023-12-310001379785bbdc:RocadeHoldingsLLCMember2023-12-310001379785bbdc:SierraSeniorLoanStrategyJVILLCMember2023-12-310001379785Sierra Senior Loan Strategy JV I LLC, Joint Venture, Member Interest2023-12-310001379785bbdc:SierraSeniorLoanStrategyJVILLCMember2023-12-310001379785bbdc:ThompsonRiversLLCMember2023-12-310001379785Thompson Rivers LLC, Investment Funds & Vehicles, Member Interest2023-12-310001379785bbdc:ThompsonRiversLLCMember2023-12-310001379785bbdc:WaccamawRiverLLCMember2023-12-310001379785Waccamaw River LLC, Investment Funds & Vehicles, Member Interest2023-12-310001379785bbdc:WaccamawRiverLLCMember2023-12-310001379785Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, First Lien Senior Secured Term Loan 12023-12-310001379785Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, First Lien Senior Secured Term Loan 22023-12-310001379785Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, LLC 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Revolver2024-06-300001379785Amtech LLC, Revolver2023-12-310001379785Anju Software, Inc., Delayed Draw Term Loan2024-06-300001379785Anju Software, Inc., Delayed Draw Term Loan2023-12-310001379785Aquavista Watersides 2 LTD, Capex / Acquisition Facility2024-06-300001379785Aquavista Watersides 2 LTD, Capex / Acquisition Facility2023-12-310001379785Arc Education, Delayed Draw Term Loan2024-06-300001379785Arc Education, Delayed Draw Term Loan2023-12-310001379785Argus Bidco Limited, CAF Term Loan2024-06-300001379785Argus Bidco Limited, CAF Term Loan2023-12-310001379785ASC Communications, LLC, Revolver2024-06-300001379785ASC Communications, LLC, Revolver2023-12-310001379785Astra Bidco Limited, Delayed Draw Term Loan2024-06-300001379785Astra Bidco Limited, Delayed Draw Term Loan2023-12-310001379785ATL II MRO Holdings, Inc., Revolver2024-06-300001379785ATL II MRO Holdings, Inc., Revolver2023-12-310001379785Avance Clinical Bidco Pty Ltd, Delayed Draw Term Loan2024-06-300001379785Avance Clinical Bidco Pty Ltd, Delayed Draw Term Loan2023-12-310001379785Azalea Buyer, Inc., Delayed Draw Term Loan2024-06-300001379785Azalea Buyer, Inc., Delayed Draw Term Loan2023-12-310001379785Azalea Buyer, Inc., Revolver2024-06-300001379785Azalea Buyer, Inc., Revolver2023-12-310001379785Beyond Risk Management, Inc., Delayed Draw Term Loan 12024-06-300001379785Beyond Risk Management, Inc., Delayed Draw Term Loan 12023-12-310001379785Beyond Risk Management, Inc., Delayed Draw Term Loan 22024-06-300001379785Beyond Risk Management, Inc., Delayed Draw Term Loan 22023-12-310001379785Biolam Group, Delayed Draw Term Loan2024-06-300001379785Biolam Group, Delayed Draw Term Loan2023-12-310001379785Bounteous, Inc., Delayed Draw Term Loan2024-06-300001379785Bounteous, Inc., Delayed Draw Term Loan2023-12-310001379785Brightpay Limited, Delayed Draw Term Loan2024-06-300001379785Brightpay Limited, Delayed Draw Term Loan2023-12-310001379785BrightSign LLC, Revolver2024-06-300001379785BrightSign LLC, Revolver2023-12-310001379785CAi Software, LLC, Revolver2024-06-300001379785CAi Software, LLC, Revolver2023-12-310001379785Canadian Orthodontic Partners Corp, Delayed Draw Term Loan2024-06-300001379785Canadian Orthodontic Partners Corp, Delayed Draw Term Loan2023-12-310001379785Cascade Residential Services LLC, Delayed Draw Term Loan2024-06-300001379785Cascade Residential Services LLC, Delayed Draw Term Loan2023-12-310001379785Cascade Residential Services LLC, Revolver2024-06-300001379785Cascade Residential Services LLC, Revolver2023-12-310001379785Catawba River Limited, Structured Junior Note2024-06-300001379785Catawba River Limited, Structured Junior Note2023-12-310001379785CCFF Buyer, LLC, Delayed Draw Term Loan2024-06-300001379785CCFF Buyer, LLC, Delayed Draw Term Loan2023-12-310001379785CCFF Buyer, LLC, Revolver2024-06-300001379785CCFF Buyer, LLC, Revolver2023-12-310001379785CGI Parent, LLC, Revolver2024-06-300001379785CGI Parent, LLC, Revolver2023-12-310001379785Classic Collision (Summit Buyer, LLC), Delayed Draw Term Loan 12024-06-300001379785Classic Collision (Summit Buyer, LLC), Delayed Draw Term Loan 12023-12-310001379785Comply365, LLC, Revolver2024-06-300001379785Comply365, LLC, Revolver2023-12-310001379785Coyo Uprising GmbH, Delayed Draw Term Loan2024-06-300001379785Coyo Uprising GmbH, Delayed Draw Term Loan2023-12-310001379785CSL Dualcom, Capex / Acquisition Term Loan2024-06-300001379785CSL Dualcom, Capex / Acquisition Term Loan2023-12-310001379785DataServ Integrations, LLC, Revolver2024-06-300001379785DataServ Integrations, LLC, Revolver2023-12-310001379785DecksDirect, LLC, Revolver2024-06-300001379785DecksDirect, LLC, Revolver2023-12-310001379785DISA Holdings Corp., Delayed Draw Term Loan2024-06-300001379785DISA Holdings Corp., Delayed Draw Term Loan2023-12-310001379785DISA Holdings Corp., Revolver2024-06-300001379785DISA Holdings Corp., Revolver2023-12-310001379785Dune Group, Delayed Draw Term Loan2024-06-300001379785Dune Group, Delayed Draw Term Loan2023-12-310001379785Electrical Components International, Inc, Delayed Draw Term Loan2024-06-300001379785Electrical Components International, Inc, Delayed Draw Term Loan2023-12-310001379785EMI Porta Holdco LLC, Revolver2024-06-300001379785EMI Porta Holdco LLC, Revolver2023-12-310001379785eShipping, LLC, Revolver2024-06-300001379785eShipping, LLC, Revolver2023-12-310001379785Eurofins Digital Testing International LUX Holding SARL, Delayed Draw Term Loan 12024-06-300001379785Eurofins Digital Testing International LUX Holding SARL, Delayed Draw Term Loan 12023-12-310001379785Events Software BidCo Pty Ltd, Delayed Draw Term Loan2024-06-300001379785Events Software BidCo Pty Ltd, Delayed Draw Term Loan2023-12-310001379785Express Wash Acquisition Company, LLC, Revolver2024-06-300001379785Express Wash Acquisition Company, LLC, Revolver2023-12-310001379785Faraday, Delayed Draw Term Loan2024-06-300001379785Faraday, Delayed Draw Term Loan2023-12-310001379785Finexvet, Delayed Draw Term Loan2024-06-300001379785Finexvet, Delayed Draw Term Loan2023-12-310001379785Footco 40 Limited, Delayed Draw Term Loan2024-06-300001379785Footco 40 Limited, Delayed Draw Term Loan2023-12-310001379785Forest Buyer, LLC, Delayed Draw Term Loan2024-06-300001379785Forest Buyer, LLC, Delayed Draw Term Loan2023-12-310001379785Forest Buyer, LLC, Revolver2024-06-300001379785Forest Buyer, LLC, Revolver2023-12-310001379785Fortis Payment Systems, LLC, Delayed Draw Term Loan2024-06-300001379785Fortis Payment Systems, LLC, Delayed Draw Term Loan2023-12-310001379785Fortis Payment Systems, LLC, Revolver2024-06-300001379785Fortis Payment Systems, LLC, Revolver2023-12-310001379785GB Eagle Buyer, Inc., Revolver2024-06-300001379785GB Eagle Buyer, Inc., Revolver2023-12-310001379785Global Academic Group Limited, Term Loan2024-06-300001379785Global Academic Group Limited, Term Loan2023-12-310001379785GPNZ II GmbH, Term Loan2024-06-300001379785GPNZ II GmbH, Term Loan2023-12-310001379785GPNZ II GmbH, Delayed Draw Term Loan2024-06-300001379785GPNZ II GmbH, Delayed Draw Term Loan2023-12-310001379785Graphpad Software, LLC, Delayed Draw Term Loan 2024-06-300001379785Graphpad Software, LLC, Delayed Draw Term Loan 2023-12-310001379785Graphpad Software, LLC, Revolver2024-06-300001379785Graphpad Software, LLC, Revolver2023-12-310001379785Greenhill II BV, Capex Acquisition Facility2024-06-300001379785Greenhill II BV, Capex Acquisition Facility2023-12-310001379785Groupe Product Life, Delayed Draw Term Loan2024-06-300001379785Groupe Product Life, Delayed Draw Term Loan2023-12-310001379785Gusto Aus BidCo Pty Ltd, Delayed Draw Term Loan2024-06-300001379785Gusto Aus BidCo Pty Ltd, Delayed Draw Term Loan2023-12-310001379785HeartHealth Bidco Pty Ltd, Delayed Draw Term Loan2024-06-300001379785HeartHealth Bidco Pty Ltd, Delayed Draw Term Loan2023-12-310001379785Heavy Construction Systems Specialists, LLC, Revolver2024-06-300001379785Heavy Construction Systems Specialists, LLC, Revolver2023-12-310001379785HEKA Invest, Delayed Draw Term Loan2024-06-300001379785HEKA Invest, Delayed Draw Term Loan2023-12-310001379785HemaSource, Inc., Revolver2024-06-300001379785HemaSource, Inc., Revolver2023-12-310001379785HomeX Services Group, LLC, Delayed Draw Term Loan2024-06-300001379785HomeX Services Group, LLC, Delayed Draw Term Loan2023-12-310001379785HomeX Services Group, LLC, Revolver2024-06-300001379785HomeX Services Group, LLC, Revolver2023-12-310001379785HTI Technology & Industries, Delayed Draw Term Loan2024-06-300001379785HTI Technology & Industries, Delayed Draw Term Loan2023-12-310001379785HTI Technology & Industries, Revolver2024-06-300001379785HTI Technology & Industries, Revolver2023-12-310001379785Ice House America, L.L.C., Delayed Draw Term Loan2024-06-300001379785Ice House America, L.L.C., Delayed Draw Term Loan2023-12-310001379785Ice House America, L.L.C., Revolver2024-06-300001379785Ice House America, L.L.C., Revolver2023-12-310001379785Innovad Group II BV, Delayed Draw Term Loan2024-06-300001379785Innovad Group II BV, Delayed Draw Term Loan2023-12-310001379785INOS 19-090 GmbH, Acquisition Facility2024-06-300001379785INOS 19-090 GmbH, Acquisition Facility2023-12-310001379785Interstellar Group B.V., Delayed Draw Term Loan 12024-06-300001379785Interstellar Group B.V., Delayed Draw Term Loan 12023-12-310001379785Interstellar Group B.V., Delayed Draw Term Loan 22024-06-300001379785Interstellar Group B.V., Delayed Draw Term Loan 22023-12-310001379785InvoCare Limited, Delayed Draw Term Loan2024-06-300001379785InvoCare Limited, Delayed Draw Term Loan2023-12-310001379785Isolstar Holding NV (IPCOM), Delayed Draw Term Loan2024-06-300001379785Isolstar Holding NV (IPCOM), Delayed Draw Term Loan2023-12-310001379785ISTO Technologies II, LLC, Revolver2024-06-300001379785ISTO Technologies II, LLC, Revolver2023-12-310001379785ITI Intermodal, Inc., Revolver2024-06-300001379785ITI Intermodal, Inc., Revolver2023-12-310001379785Jocassee Partners LLC, Joint Venture2024-06-300001379785Jocassee Partners LLC, Joint Venture2023-12-310001379785Jon Bidco Limited, Capex & Acquisition Facility2024-06-300001379785Jon Bidco Limited, Capex & Acquisition Facility2023-12-310001379785Jones Fish Hatcheries & Distributors LLC, Revolver2024-06-300001379785Jones Fish Hatcheries & Distributors LLC, Revolver2023-12-310001379785Kano Laboratories LLC, Delayed Draw Term Loan 12024-06-300001379785Kano Laboratories LLC, Delayed Draw Term Loan 12023-12-310001379785Kano Laboratories LLC, Delayed Draw Term Loan 22024-06-300001379785Kano Laboratories LLC, Delayed Draw Term Loan 22023-12-310001379785Lambir Bidco Limited, Delayed Draw Term Loan2024-06-300001379785Lambir Bidco Limited, Delayed Draw Term Loan2023-12-310001379785Lattice Group Holdings Bidco Limited, Delayed Draw Term Loan2024-06-300001379785Lattice Group Holdings Bidco Limited, Delayed Draw Term Loan2023-12-310001379785Lattice Group Holdings Bidco Limited, Revolver2024-06-300001379785Lattice Group Holdings Bidco Limited, Revolver2023-12-310001379785LeadsOnline, LLC, Revolver2024-06-300001379785LeadsOnline, LLC, Revolver2023-12-310001379785Lifestyle Intermediate II, LLC, Revolver2024-06-300001379785Lifestyle Intermediate II, LLC, Revolver2023-12-310001379785Marmoutier Holding B.V., Delayed Draw Term Loan2024-06-300001379785Marmoutier Holding B.V., Delayed Draw Term Loan2023-12-310001379785Marmoutier Holding B.V., Revolver2024-06-300001379785Marmoutier Holding B.V., Revolver2023-12-310001379785Marshall Excelsior Co., Revolver2024-06-300001379785Marshall Excelsior Co., Revolver2023-12-310001379785MB Purchaser, LLC, Delayed Draw Term Loan2024-06-300001379785MB Purchaser, LLC, Delayed Draw Term Loan2023-12-310001379785MB Purchaser, LLC, Revolver2024-06-300001379785MB Purchaser, LLC, Revolver2023-12-310001379785MC Group Ventures Corporation, Delayed Draw Term Loan 12024-06-300001379785MC Group Ventures Corporation, Delayed Draw Term Loan 12023-12-310001379785MC Group Ventures Corporation, Delayed Draw Term Loan 22024-06-300001379785MC Group Ventures Corporation, Delayed Draw Term Loan 22023-12-310001379785Megawatt Acquisitionco, Inc., Revolver2024-06-300001379785Megawatt Acquisitionco, Inc., Revolver2023-12-310001379785Mercell Holding AS, Capex Acquisition Facility2024-06-300001379785Mercell Holding AS, Capex Acquisition Facility2023-12-310001379785Modern Star Holdings Bidco Pty Limited, Term Loan2024-06-300001379785Modern Star Holdings Bidco Pty Limited, Term Loan2023-12-310001379785Moonlight Bidco Limited, Delayed Draw Term Loan2024-06-300001379785Moonlight Bidco Limited, Delayed Draw Term Loan2023-12-310001379785Narda Acquisitionco., Inc., Revolver2024-06-300001379785Narda Acquisitionco., Inc., Revolver2023-12-310001379785NAW Buyer LLC, Delayed Draw Term Loan2024-06-300001379785NAW Buyer LLC, Delayed Draw Term Loan2023-12-310001379785NAW Buyer LLC, Revolver2024-06-300001379785NAW Buyer LLC, Revolver2023-12-310001379785NeoxCo, Delayed Draw Term Loan2024-06-300001379785NeoxCo, Delayed Draw Term Loan2023-12-310001379785Next HoldCo, LLC, Delayed Draw Term Loan2024-06-300001379785Next HoldCo, LLC, Delayed Draw Term Loan2023-12-310001379785Next HoldCo, LLC, Revolver2024-06-300001379785Next HoldCo, LLC, Revolver2023-12-310001379785NF Holdco, LLC, Revolver2024-06-300001379785NF Holdco, LLC, Revolver2023-12-310001379785Novotech Aus Bidco Pty Ltd, Capex & Acquisition Facility2024-06-300001379785Novotech Aus Bidco Pty Ltd, Capex & Acquisition Facility2023-12-310001379785NPM Investments 28 BV, Delayed Draw Term Loan2024-06-300001379785NPM Investments 28 BV, Delayed Draw Term Loan2023-12-310001379785OA Buyer, Inc., Revolver2024-06-300001379785OA Buyer, Inc., Revolver2023-12-310001379785OAC Holdings I Corp, Revolver2024-06-300001379785OAC Holdings I Corp, Revolver2023-12-310001379785OSP Hamilton Purchaser, LLC, Delayed Draw Term Loan2024-06-300001379785OSP Hamilton Purchaser, LLC, Delayed Draw Term Loan2023-12-310001379785OSP Hamilton Purchaser, LLC, Revolver2024-06-300001379785OSP Hamilton Purchaser, LLC, Revolver2023-12-310001379785Parkview Dental Holdings, LLC, Delayed Draw Term Loan2024-06-300001379785Parkview Dental Holdings, LLC, Delayed Draw Term Loan2023-12-310001379785PDQ.Com Corporation, Delayed Draw Term Loan 12024-06-300001379785PDQ.Com Corporation, Delayed Draw Term Loan 12023-12-310001379785PDQ.Com Corporation, Delayed Draw Term Loan 22024-06-300001379785PDQ.Com Corporation, Delayed Draw Term Loan 22023-12-310001379785Polara Enterprises, L.L.C., Revolver2024-06-300001379785Polara Enterprises, L.L.C., Revolver2023-12-310001379785Premium Invest, Revolver2024-06-300001379785Premium Invest, Revolver2023-12-310001379785Process Insights Acquisition, Inc., Delayed Draw Term Loan2024-06-300001379785Process Insights Acquisition, Inc., Delayed Draw Term Loan2023-12-310001379785Process Insights Acquisition, Inc., Revolver2024-06-300001379785Process Insights Acquisition, Inc., Revolver2023-12-310001379785Process Insights Acquisition, Inc., Revolver 12024-06-300001379785Process Insights Acquisition, Inc., Revolver 12023-12-310001379785ProfitOptics, LLC, Revolver2024-06-300001379785ProfitOptics, LLC, Revolver2023-12-310001379785Protego Bidco B.V., Delayed Draw Term Loan2024-06-300001379785Protego Bidco B.V., Delayed Draw Term Loan2023-12-310001379785PSP Intermediate 4, LLC, Delayed Draw Term Loan2024-06-300001379785PSP Intermediate 4, LLC, Delayed Draw Term Loan2023-12-310001379785Qualified Industries, LLC, Revolver2024-06-300001379785Qualified Industries, LLC, Revolver2023-12-310001379785R1 Holdings, LLC, Delayed Draw Term Loan2024-06-300001379785R1 Holdings, LLC, Delayed Draw Term Loan2023-12-310001379785R1 Holdings, LLC, Revolver2024-06-300001379785R1 Holdings, LLC, Revolver2023-12-310001379785RA Outdoors, LLC, Revolver2024-06-300001379785RA Outdoors, LLC, Revolver2023-12-310001379785Randys Holdings, Inc., Delayed Draw Term Loan2024-06-300001379785Randys Holdings, Inc., Delayed Draw Term Loan2023-12-310001379785Randys Holdings, Inc., Revolver2024-06-300001379785Randys Holdings, Inc., Revolver2023-12-310001379785REP SEKO MERGER SUB LLC, Revolver2024-06-300001379785REP SEKO MERGER SUB LLC, Revolver2023-12-310001379785Rhondda Financing No. 1 DAC, Structured Junior Note2024-06-300001379785Rhondda Financing No. 1 DAC, Structured Junior Note2023-12-310001379785Rocade Holdings LLC, Preferred Equity2024-06-300001379785Rocade Holdings LLC, Preferred Equity2023-12-310001379785Rock Labor, LLC, Revolver2024-06-300001379785Rock Labor, LLC, Revolver2023-12-310001379785Royal Buyer, LLC, Revolver2024-06-300001379785Royal Buyer, LLC, Revolver2023-12-310001379785Royal Buyer, LLC, Delayed Draw Term Loan2024-06-300001379785Royal Buyer, LLC, Delayed Draw Term Loan2023-12-310001379785RTIC Subsidiary Holdings, LLC, Revolver2024-06-300001379785RTIC Subsidiary Holdings, LLC, Revolver2023-12-310001379785Sanoptis S.A.R.L., Acquisition Capex Facility2024-06-300001379785Sanoptis S.A.R.L., Acquisition Capex Facility2023-12-310001379785Sanoptis S.A.R.L., CAF Term Loan2024-06-300001379785Sanoptis S.A.R.L., CAF Term Loan2023-12-310001379785SBP Holdings LP, Delayed Draw Term Loan2024-06-300001379785SBP Holdings LP, Delayed Draw Term Loan2023-12-310001379785SBP Holdings LP, Revolver2024-06-300001379785SBP Holdings LP, Revolver2023-12-310001379785Scaled Agile, Inc., Revolver2024-06-300001379785Scaled Agile, Inc., Revolver2023-12-310001379785Scout Bidco B.V., Revolver2024-06-300001379785Scout Bidco B.V., Revolver2023-12-310001379785Security Holdings B.V., Delayed Draw Term Loan2024-06-300001379785Security Holdings B.V., Delayed Draw Term Loan2023-12-310001379785Security Holdings B.V., Revolver 12024-06-300001379785Security Holdings B.V., Revolver 12023-12-310001379785Sinari Invest, Delayed Draw Term Loan2024-06-300001379785Sinari Invest, Delayed Draw Term Loan2023-12-310001379785SISU ACQUISITIONCO., INC., Delayed Draw Term Loan2024-06-300001379785SISU ACQUISITIONCO., INC., Delayed Draw Term Loan2023-12-310001379785Smartling, Inc., Revolver2024-06-300001379785Smartling, Inc., Revolver2023-12-310001379785SmartShift Group, Inc., Delayed Draw Term Loan2024-06-300001379785SmartShift Group, Inc., Delayed Draw Term Loan2023-12-310001379785SmartShift Group, Inc., Revolver2024-06-300001379785SmartShift Group, Inc., Revolver2023-12-310001379785Solo Buyer, L.P., Revolver2024-06-300001379785Solo Buyer, L.P., Revolver2023-12-310001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Delayed Draw Term Loan2024-06-300001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Delayed Draw Term Loan2023-12-310001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Revolver2024-06-300001379785Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Revolver2023-12-310001379785Spatial Business Systems LLC, Delayed Draw Term Loan2024-06-300001379785Spatial Business Systems LLC, Delayed Draw Term Loan2023-12-310001379785Spatial Business Systems LLC, Revolver2024-06-300001379785Spatial Business Systems LLC, Revolver2023-12-310001379785SSCP Pegasus Midco Limited, Delayed Draw Term Loan2024-06-300001379785SSCP Pegasus Midco Limited, Delayed Draw Term Loan2023-12-310001379785Superjet Buyer, LLC, Delayed Draw Term Loan2024-06-300001379785Superjet Buyer, LLC, Delayed Draw Term Loan2023-12-310001379785Superjet Buyer, LLC, Revolver2024-06-300001379785Superjet Buyer, LLC, Revolver2023-12-310001379785SVI International LLC, Delayed Draw Term Loan2024-06-300001379785SVI International LLC, Delayed Draw Term Loan2023-12-310001379785SVI International LLC, Revolver2024-06-300001379785SVI International LLC, Revolver2023-12-310001379785Syntax Systems Ltd, Revolver2024-06-300001379785Syntax Systems Ltd, Revolver2023-12-310001379785Tank Holding Corp, Delayed Draw Term Loan2024-06-300001379785Tank Holding Corp, Delayed Draw Term Loan2023-12-310001379785Tank Holding Corp, Revolver2024-06-300001379785Tank Holding Corp, Revolver2023-12-310001379785Tanqueray Bidco Limited, Capex Facility2024-06-300001379785Tanqueray Bidco Limited, Capex Facility2023-12-310001379785Technology Service Stream BidCo Pty Ltd, Delayed Draw Term Loan2024-06-300001379785Technology Service Stream BidCo Pty Ltd, Delayed Draw Term Loan2023-12-310001379785Techone B.V., Revolver2024-06-300001379785Techone B.V., Revolver2023-12-310001379785Tencarva Machinery Company, LLC, Revolver2024-06-300001379785Tencarva Machinery Company, LLC, Revolver2023-12-310001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Delayed Draw Term Loan2024-06-300001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Delayed Draw Term Loan2023-12-310001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Revolver2024-06-300001379785The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Revolver2023-12-310001379785The Cleaver-Brooks Company, Inc., Revolver2024-06-300001379785The Cleaver-Brooks Company, Inc., Revolver2023-12-310001379785The Hilb Group, LLC, Delayed Draw Term Loan2024-06-300001379785The Hilb Group, LLC, Delayed Draw Term Loan2023-12-310001379785Trader Corporation, Revolver2024-06-300001379785Trader Corporation, Revolver2023-12-310001379785Trintech, Inc., Revolver2024-06-300001379785Trintech, Inc., Revolver2023-12-310001379785TSYL Corporate Buyer, Inc., Delayed Draw Term Loan 12024-06-300001379785TSYL Corporate Buyer, Inc., Delayed Draw Term Loan 12023-12-310001379785TSYL Corporate Buyer, Inc., Delayed Draw Term Loan 22024-06-300001379785TSYL Corporate Buyer, Inc., Delayed Draw Term Loan 22023-12-310001379785TSYL Corporate Buyer, Inc., Revolver2024-06-300001379785TSYL Corporate Buyer, Inc., Revolver2023-12-310001379785Turbo Buyer, Inc., Delayed Draw Term Loan2024-06-300001379785Turbo Buyer, Inc., Delayed Draw Term Loan2023-12-310001379785UBC Ledgers Holding AB, Delayed Draw Term Loan2024-06-300001379785UBC Ledgers Holding AB, Delayed Draw Term Loan2023-12-310001379785UBC Ledgers Holding AB, Revolver2024-06-300001379785UBC Ledgers Holding AB, Revolver2023-12-310001379785Union Bidco Limited, Acquisition Facility2024-06-300001379785Union Bidco Limited, Acquisition Facility2023-12-310001379785United Therapy Holding III GmbH, Acquisition Facility2024-06-300001379785United Therapy Holding III GmbH, Acquisition Facility2023-12-310001379785Unither (Uniholding), Delayed Draw Term Loan2024-06-300001379785Unither (Uniholding), Delayed Draw Term Loan2023-12-310001379785USLS Acquisition, Inc.(f/k/a US Legal Support, Inc.), Delayed Draw Term Loan2024-06-300001379785USLS Acquisition, Inc.(f/k/a US Legal Support, Inc.), Delayed Draw Term Loan2023-12-310001379785West-NR AcquisitionCo., LLC, Delayed Draw Term Loan2024-06-300001379785West-NR AcquisitionCo., LLC, Delayed Draw Term Loan2023-12-310001379785Whitcraft Holdings, Inc., Revolver2024-06-300001379785Whitcraft Holdings, Inc., Revolver2023-12-310001379785Whitcraft Holdings, Inc., Delayed Draw Term Loan2024-06-300001379785Whitcraft Holdings, Inc., Delayed Draw Term Loan2023-12-310001379785White Bidco Limited, Delayed Draw Term Loan2024-06-300001379785White Bidco Limited, Delayed Draw Term Loan2023-12-310001379785Woodland Foods, Inc., Line of Credit2024-06-300001379785Woodland Foods, Inc., Line of Credit2023-12-310001379785World 50, Inc., Revolver2024-06-300001379785World 50, Inc., Revolver2023-12-310001379785WWEC Holdings III Corp, Revolver2024-06-300001379785WWEC Holdings III Corp, Revolver2023-12-310001379785Xeinadin Bidco Limited, CAF Term Loan2024-06-300001379785Xeinadin Bidco Limited, CAF Term Loan2023-12-310001379785ZB Holdco LLC, Delayed Draw Term Loan 12024-06-300001379785ZB Holdco LLC, Delayed Draw Term Loan 12023-12-310001379785ZB Holdco LLC, Delayed Draw Term Loan 22024-06-300001379785ZB Holdco LLC, Delayed Draw Term Loan 22023-12-310001379785ZB Holdco LLC, Revolver2024-06-300001379785ZB Holdco LLC, Revolver2023-12-310001379785Zeppelin Bidco Limited, Capex / Acquisition Facility2024-06-300001379785Zeppelin Bidco Limited, Capex / Acquisition Facility2023-12-310001379785bbdc:ErsteBankAndMCVAutomotiveGroupGmbhMemberus-gaap:FinancialGuaranteeMember2024-06-300001379785bbdc:ErsteBankAndMCVAutomotiveGroupGmbhMemberus-gaap:FinancialGuaranteeMember2023-12-310001379785us-gaap:SubsequentEventMember2024-08-072024-08-070001379785srt:ScenarioForecastMember2024-09-112024-09-110001379785bbdc:February2019CreditFacilityMember2024-01-012024-06-300001379785bbdc:BorrowingsDenominatedInUSDollarsUnderFebruary2019CreditFacilityMember2024-01-012024-06-300001379785bbdc:BorrowingsDenominatedInSwedishKronasunderFebruary2019CreditFacilityMember2024-01-012024-06-300001379785bbdc:BorrowingsDenominatedInBritishPoundsunderFebruary2019CreditFacilityMember2024-01-012024-06-300001379785bbdc:BorrowingsDenominatedInEuroUnderFebruary2019CreditFacilityMember2024-01-012024-06-300001379785bbdc:SeriesASeniorUnsecuredNotesDueAugust2025Member2024-01-012024-06-300001379785bbdc:SeriesBAndSeriesCSeniorUnsecuredNotesDueNovemberMember2024-01-012024-06-300001379785bbdc:SeriesBSeniorUnsecuredNotesDueNovember2025Member2024-01-012024-06-300001379785bbdc:SeriesCSeniorUnsecuredNotesDueNovember2027Member2024-01-012024-06-300001379785bbdc:FebruaryNotesMember2024-01-012024-06-300001379785bbdc:SeriesDSeniorUnsecuredNotesDueFebruary2026Member2024-01-012024-06-300001379785bbdc:SeriesESeniorUnsecuredNotesDueFebruary2028Member2024-01-012024-06-300001379785bbdc:November2026NotesMember2024-01-012024-06-300001379785bbdc:February2029NotesMember2024-01-012024-06-30


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
__________________________________________________________
Form 10-Q
__________________________________________________________
(Mark One)
ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2024
OR
¨
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to             
Commission file number 814-00733 
______________________________________________________________________
Barings BDC, Inc.
(Exact name of registrant as specified in its charter)
__________________________________________________________
Maryland   06-1798488
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)
300 South Tryon Street, Suite 2500
Charlotte, North Carolina
  28202
(Address of principal executive offices)   (Zip Code)
Registrant's telephone number, including area code: (704) 805-7200
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report: N/A
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
Common Stock, par value $0.001 per share BBDC The New York Stock Exchange
________________________________________________________
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ý    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
ý
Accelerated filer
¨
Non-accelerated filer
¨
Smaller reporting company
¨
Emerging growth company
¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý
The number of shares outstanding of the registrant’s common stock on August 7, 2024 was 105,757,992.



BARINGS BDC, INC.
TABLE OF CONTENTS
QUARTERLY REPORT ON FORM 10-Q
    Page
PART I – FINANCIAL INFORMATION
Item 1.
Unaudited Consolidated Schedule of Investments as of June 30, 2024
Consolidated Schedule of Investments as of December 31, 2023
Item 2.
Item 3.
Item 4.
PART II – OTHER INFORMATION
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
2


PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.
Barings BDC, Inc.
Consolidated Balance Sheets
(in thousands, except share and per share data)
June 30,
2024
December 31, 2023
(Unaudited)
Assets:
Investments at fair value:
Non-Control / Non-Affiliate investments (cost of $1,969,097 and $2,053,548 as of June 30, 2024 and December 31, 2023, respectively)
$ 1,911,585  $ 1,995,372 
Affiliate investments (cost of $372,603 and $378,865 as of June 30, 2024 and December 31, 2023, respectively)
393,922  402,423 
Control investments (cost of $104,162 and $103,163 as of June 30, 2024 and December 31, 2023, respectively)
90,153  90,920 
Total investments at fair value 2,395,660  2,488,715 
Cash (restricted cash of $15,018 and $0 as of June 30, 2024 and December 31, 2023, respectively)
66,093  57,187 
Foreign currencies (cost of $18,220 and $13,023 as of June 30, 2024 and December 31, 2023, respectively)
18,270  13,341 
Interest and fees receivable 37,120  51,598 
Prepaid expenses and other assets 2,942  3,564 
Credit support agreements (cost of $58,000 as of both June 30, 2024 and December 31, 2023)
50,546  57,800 
Derivative assets 4,350  1 
Deferred financing fees 3,031  3,948 
Receivable from unsettled transactions 25,631  1,299 
Total assets $ 2,603,643  $ 2,677,453 
Liabilities:
Accounts payable and accrued liabilities $ 2,875  $ 2,950 
Interest payable 14,322  8,450 
Administrative fees payable 400  536 
Base management fees payable 8,190  8,347 
Incentive management fees payable 1,122  7,737 
Derivative liabilities 9,869  11,265 
Payable from unsettled transactions 5,081  1,112 
Borrowings under credit facility 350,823  719,914 
Notes payable (net of deferred financing fees) 1,009,085  720,583 
Total liabilities 1,401,767  1,480,894 
Commitments and contingencies (Note 7)
Net Assets:
Common stock, $0.001 par value per share (150,000,000 shares authorized, 105,757,992 and 106,067,070 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)
106  106 
Additional paid-in capital 1,851,442  1,854,457 
Total distributable earnings (loss) (649,672) (658,004)
Total net assets 1,201,876  1,196,559 
Total liabilities and net assets $ 2,603,643  $ 2,677,453 
Net asset value per share $ 11.36  $ 11.28 
See accompanying notes.
3


Barings BDC, Inc.
Unaudited Consolidated Statements of Operations
(in thousands, except share and per share data)
Three Months
Ended
Three Months
Ended
Six Months
Ended
Six Months
Ended
June 30,
2024
June 30,
2023
June 30,
2024
June 30,
2023
Investment income:
Interest income:
Non-Control / Non-Affiliate investments $ 54,084  $ 54,561  $ 107,273  $ 105,729 
Affiliate investments 792  459  1,749  839 
Control investments 51  404  437  746 
Total interest income 54,927  55,424  109,459  107,314 
Dividend income:
Non-Control / Non-Affiliate investments 1,324  831  2,645  1,658 
Affiliate investments 10,410  9,419  17,565  16,466 
Total dividend income 11,734  10,250  20,210  18,124 
Fee and other income:
Non-Control / Non-Affiliate investments 3,552  4,232  6,939  7,314 
Affiliate investments 200  37  269  204 
Control investments 17  32  34  83 
Total fee and other income 3,769  4,301  7,242  7,601 
Payment-in-kind interest income:
Non-Control / Non-Affiliate investments 3,246  4,782  5,728  8,317 
Affiliate investments 268  48  519  251 
Control investments 684  292  1,076  496 
Total payment-in-kind interest income 4,198  5,122  7,323  9,064 
Interest income from cash 258  205  458  403 
Total investment income 74,886  75,302  144,692  142,506 
Operating expenses:
Interest and other financing fees 20,774  20,811  41,856  40,127 
Base management fee (Note 2) 8,190  8,134  16,469  15,987 
Incentive management fees (Note 2) 1,122  10,086  9,289  19,691 
General and administrative expenses (Note 2) 2,343  2,447  5,019  5,183 
Total operating expenses 32,429  41,478  72,633  80,988 
Net investment income before taxes 42,457  33,824  72,059  61,518 
Income taxes, including excise tax expense 315  200  565  395 
Net investment income after taxes $ 42,142  $ 33,624  $ 71,494  $ 61,123 
4


Barings BDC, Inc.
Unaudited Consolidated Statements of Operations — (Continued)
(in thousands, except share and per share data)
Three Months
Ended
Three Months
Ended
Six Months
Ended
Six Months
Ended
June 30,
2024
June 30,
2023
June 30,
2024
June 30,
2023
Realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts:
Net realized gains (losses):
Non-Control / Non-Affiliate investments $ 7,685  $ (46,218) $ (4,922) $ (45,446)
Affiliate investments (4,179)   (4,179)  
Net realized gains (losses) on investments 3,506  (46,218) (9,101) (45,446)
Foreign currency transactions 153  372  393  4,074 
Forward currency contracts 4,415  (2,692) (4,671) (16,911)
Net realized gains (losses) 8,074  (48,538) (13,379) (58,283)
Net unrealized appreciation (depreciation):
Non-Control / Non-Affiliate investments (7,831) 45,334  672  52,771 
Affiliate investments (5,034) 2,722  (2,239) 13,563 
Control investments (13,572) 5,602  (1,766) (1,667)
Net unrealized appreciation (depreciation) on investments (26,437) 53,658  (3,333) 64,667 
Credit support agreements (904) 1,978  (7,254) 7,564 
Foreign currency transactions 1,025  (2,839) 4,541  (10,966)
Forward currency contracts (4,460) 2,262  11,372  15,764 
Net unrealized appreciation (depreciation) (30,776) 55,059  5,326  77,029 
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts (22,702) 6,521  (8,053) 18,746 
Benefit from (provision for) income taxes   (28)   (101)
Net increase (decrease) in net assets resulting from operations $ 19,440  $ 40,117  $ 63,441  $ 79,768 
Net investment income per share — basic and diluted $ 0.40  $ 0.31  $ 0.67  $ 0.57 
Net increase (decrease) in net assets resulting from operations per share — basic and diluted $ 0.18  $ 0.37  $ 0.60  $ 0.74 
Dividends / distributions per share:
Total dividends / distributions per share $ 0.26  $ 0.25  $ 0.52  $ 0.50 
Weighted average shares outstanding — basic and diluted 105,898,271  107,381,276  105,968,572  107,647,243 
    
See accompanying notes.
5


Barings BDC, Inc.
Unaudited Consolidated Statements of Changes in Net Assets
(in thousands, except share amounts)
 
Common Stock Additional
Paid-In
Capital
Total Distributable Earnings (Loss) Total
Net
Assets
Three Months Ended June 30, 2023
Number
of Shares
Par
Value
Balance, March 31, 2023 107,916,166  $ 108  $ 1,855,975  $ (651,082) $ 1,205,001 
Net investment income —  —  —  33,624  33,624 
Net realized loss on investments / foreign currency transactions / forward currency contracts —  —  —  (48,538) (48,538)
Net unrealized appreciation of investments / CSAs / foreign currency transactions / forward currency contracts —  —  —  55,059  55,059 
Provision for taxes —  —  —  (28) (28)
Distributions of net investment income —  —  —  (26,667) (26,667)
Purchases of shares in repurchase plan (1,400,000) (1) (10,853) —  (10,854)
Balance, June 30, 2023 106,516,166  $ 107  $ 1,845,122  $ (637,632) $ 1,207,597 

Common Stock Additional
Paid-In
Capital
Total Distributable Earnings (Loss) Total
Net
Assets
Three Months Ended June 30, 2024
Number
of Shares
Par
Value
Balance, March 31, 2024 105,951,159  $ 106  $ 1,853,350  $ (641,580) $ 1,211,876 
Net investment income —  —  —  42,142  42,142 
Net realized gain on investments / foreign currency transactions / forward currency contracts —  —  —  8,074  8,074 
Net unrealized depreciation of investments / CSAs / foreign currency transactions / forward currency contracts —  —  —  (30,776) (30,776)
Distributions of net investment income —  —  —  (27,532) (27,532)
Purchases of shares in repurchase plan (193,167) —  (1,908) —  (1,908)
Balance, June 30, 2024 105,757,992  $ 106  $ 1,851,442  $ (649,672) $ 1,201,876 























6


Barings BDC, Inc.
Unaudited Consolidated Statements of Changes in Net Assets — (Continued)
(in thousands, except share amounts)

Common Stock Additional
Paid-In
Capital
Total Distributable Earnings (Loss) Total
Net
Assets
Six Months Ended June 30, 2023
Number
of Shares
Par
Value
Balance, December 31, 2022 107,916,166  $ 108  $ 1,855,975  $ (663,754) $ 1,192,329 
Net investment income —  —  —  61,123  61,123 
Net realized loss on investments / foreign currency transactions / forward currency contracts —  —  —  (58,283) (58,283)
Net unrealized appreciation of investments / CSAs / foreign currency transactions / forward currency contracts —  —  —  77,029  77,029 
Provision for taxes —  —  —  (101) (101)
Distributions of net investment income —  —  —  (53,646) (53,646)
Purchases of shares in repurchase plan (1,400,000) (1) (10,853) —  (10,854)
Balance, June 30, 2023 106,516,166  $ 107  $ 1,845,122  $ (637,632) $ 1,207,597 

Common Stock Additional
Paid-In
Capital
Total Distributable Earnings (Loss) Total
Net
Assets
Six Months Ended June 30, 2024
Number
of Shares
Par
Value
Balance, December 31, 2023 106,067,070  $ 106  $ 1,854,457  $ (658,004) $ 1,196,559 
Net investment income —  —  —  71,494  71,494 
Net realized loss on investments / foreign currency transactions / forward currency contracts —  —  —  (13,379) (13,379)
Net unrealized appreciation of investments / CSAs / foreign currency transactions / forward currency contracts —  —  —  5,326  5,326 
Distributions of net investment income —  —  —  (55,109) (55,109)
Purchases of shares in repurchase plan (309,078) —  (3,015) —  (3,015)
Balance, June 30, 2024 105,757,992  $ 106  $ 1,851,442  $ (649,672) $ 1,201,876 

See accompanying notes.

7


Barings BDC, Inc.
Unaudited Consolidated Statements of Cash Flows 
(in thousands)
Six Months Ended
Six Months Ended
June 30, 2024 June 30, 2023
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations $ 63,441  $ 79,768 
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of portfolio investments (216,878) (255,744)
Repayments received / sales of portfolio investments 289,310  188,422 
Loan origination and other fees received 3,768  2,876 
Net realized (gain) loss on investments 9,101  45,446 
Net realized (gain) loss on foreign currency transactions (393) (4,074)
Net realized (gain) loss on forward currency contracts 4,671  16,911 
Net unrealized (appreciation) depreciation on investments 3,333  (64,667)
Net unrealized (appreciation) depreciation of CSAs 7,254  (7,564)
Net unrealized (appreciation) depreciation on foreign currency transactions (4,541) 10,966 
Net unrealized (appreciation) depreciation on forward currency contracts (11,372) (15,764)
Payment-in-kind interest / dividends (10,331) (11,567)
Amortization of deferred financing fees 2,251  1,565 
Accretion of loan origination and other fees (5,473) (4,094)
Amortization / accretion of purchased loan premium / discount (412) (946)
Payments for derivative contracts (11,586) (19,437)
Proceeds from derivative contracts 6,914  2,526 
Changes in operating assets and liabilities:
Interest and fees receivable 14,625  (2,730)
Prepaid expenses and other assets 628  651 
Accounts payable and accrued liabilities (6,984) 9,702 
Interest payable 5,877  558 
Net cash provided by (used in) operating activities 143,203  (27,196)
Cash flows from financing activities:
Borrowings under credit facility 24,500  35,000 
Repayments of credit facility (388,539)  
Proceeds from notes 300,000   
Financing fees paid (7,205) (2,389)
Purchases of shares in repurchase plan (3,015) (10,854)
Cash dividends / distributions paid (55,109) (53,646)
Net cash provided by (used in) financing activities (129,368) (31,889)
Net increase (decrease) in cash and foreign currencies 13,835  (59,085)
Cash and foreign currencies, beginning of period 70,528  139,415 
Cash and foreign currencies, end of period $ 84,363  $ 80,330 
Supplemental Information:
Cash paid for interest $ 32,855  $ 37,354 
Excise taxes paid during the period $ 1,700  $ 800 
See accompanying notes.
8

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Non–Control / Non–Affiliate Investments:
1WorldSync, Inc. IT Consulting & Other Services First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.2% Cash
7/19 7/25 $ 7,086  $ 7,051  $ 7,086  0.6  %
(7)(8)(14)
7,086  7,051  7,086 
A.T. Holdings II LTD Other Financial First Lien Senior Secured Term Loan
14.3% Cash
11/22 9/29 12,500  12,500  9,763  0.8  %
(3)(7)
12,500  12,500  9,763 
Accelerant Holdings Banking, Finance, Insurance & Real Estate
Class A Convertible Preferred Equity (5,000 shares)
N/A 1/22 N/A 5,000  6,098  0.5  %
(7)(30)
Class B Convertible Preferred Equity (1,651 shares)
N/A 12/22 N/A 1,667  2,111  0.2  %
(7)(30)
6,667  8,209 
Acclime Holdings HK Limited Business Services First Lien Senior Secured Term Loan
SOFR + 6.75%, 11.6% Cash
8/21 8/27 2,500  2,462  2,438  0.2  %
(3)(7)(8)(14)
2,500  2,462  2,438 
Accurus Aerospace Corporation Aerospace & Defense First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.2% Cash
4/22 4/28 12,070  11,946  11,817  1.0  %
(7)(8)(13)
Revolver
SOFR + 5.75%, 11.2% Cash
4/22 4/28 1,844  1,822  1,795  0.1  %
(7)(8)(13)(31)
Common Stock (437,623.30 shares)
N/A 4/22 N/A 438  319    %
(7)(30)
13,914  14,206  13,931 
Acogroup Business Services First Lien Senior Secured Term Loan
4.0% Cash, EURIBOR + 2.9% PIK, 6.6% PIK
3/22 10/26 7,906  8,002  6,981  0.6  %
(3)(7)(8)(11)
7,906  8,002  6,981 
AD Bidco, Inc. Technology First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.6% Cash
3/24 3/30 10,150  9,905  9,921  0.8  %
(7)(8)(13)(31)
First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.6% Cash
3/24 9/26   (84) (79)   %
(7)(8)(13)
Revolver
SOFR + 6.25%, 11.6% Cash
3/24 3/30   (31) (29)   %
(7)(8)(13)(31)
10,150  9,790  9,813 
ADB Safegate Aerospace & Defense Second Lien Senior Secured Term Loan
SOFR + 9.25%, 14.6% Cash
8/21 10/27 6,820  6,662  6,070  0.5  %
(3)(7)(8)(13)
6,820  6,662  6,070 
Adhefin International Industrial Other First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.0% Cash
5/23 5/30 1,776  1,764  1,770  0.1  %
(3)(7)(8)(10)(31)
Subordinated Term Loan
EURIBOR + 10.5% PIK, 14.4% PIK
5/23 11/30 342  341  336    %
(3)(7)(8)(10)
2,118  2,105  2,106 
Advantage Software Company (The), LLC Advertising, Printing & Publishing
Class A1 Partnership Units (8,717.76 units)
N/A 12/21 N/A 280  679  0.1  %
(7)(30)
Class A2 Partnership Units (2,248.46 units)
N/A 12/21 N/A 72  175    %
(7)(30)
Class B1 Partnership Units (8,717.76 units)
N/A 12/21 N/A 9      %
(7)(30)
Class B2 Partnership Units (2,248.46 units)
N/A 12/21 N/A 2      %
(7)(30)
363  854 
Air Canada 2020-2 Class B Pass Through Trust Structured Products Structured Secured Note - Class B
9.0% Cash
9/20 10/25 2,940  2,940  3,014  0.3  %
2,940  2,940  3,014 
9

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Air Comm Corporation, LLC Aerospace & Defense First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.3% Cash
6/21 7/27 $ 7,718  $ 7,635  $ 7,619  0.6  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.7% Cash
6/21 7/27 1,286  1,257  1,286  0.1  %
(7)(8)(13)
9,004  8,892  8,905 
AirX Climate Solutions, Inc. Diversified Manufacturing First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.5% Cash
11/23 11/29 3,323  3,220  3,296  0.3  %
(7)(8)(14)(31)
Revolver
SOFR + 6.25%, 11.5% Cash
11/23 11/29 206  195  203    %
(7)(8)(14)(31)
3,529  3,415  3,499 
AIT Worldwide Logistics Holdings, Inc. Transportation Services Second Lien Senior Secured Term Loan
SOFR + 7.50%, 12.9% Cash
4/21 4/29 6,460  6,363  6,460  0.5  %
(7)(8)(12)
Partnership Units (348.68 units)
N/A 4/21 N/A 349  551    %
(7)(30)
6,460  6,712  7,011 
AlliA Insurance Brokers NV
Insurance First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.7% Cash
3/24 3/30 3,837  3,697  3,837  0.3  %
(3)(7)(8)(10)(31)
3,837  3,697  3,837 
Alpine SG, LLC High Tech Industries First Lien Senior Secured Term Loan
SOFR + 6.00%, 11.3% Cash
2/22 11/27 23,139  22,680  22,792  1.9  %
(7)(8)(12)(29)
23,139  22,680  22,792 
Amalfi Midco Healthcare Subordinated Loan Notes
2.0% Cash, 9.0% PIK
9/22 9/28 5,740  5,149  5,206  0.4  %
(3)(7)
Class B
Common Stock
(93,165,208 shares)
N/A 9/22 N/A 1,040  1,178  0.1  %
(3)(7)(30)
Warrants
(380,385 units)
N/A 9/22 N/A 4  750  0.1  %
(3)(7)(30)
5,740  6,193  7,134 
Americo Chemical Products, LLC Chemicals First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
4/23 4/29 1,773  1,736  1,773  0.1  %
(7)(8)(12)
Revolver
SOFR + 5.50%, 10.8% Cash
4/23 4/29   (10)     %
(7)(8)(12)(31)
Common Stock (88,110 shares)
N/A 4/23 N/A 88  100    %
(7)(30)
1,773  1,814  1,873 
AMMC CLO 22, Limited Series 2018-22A Multi-Sector Holdings Subordinated Structured Notes
Residual Interest, current yield 0.00%
2/22 4/31 7,222  3,584  2,640  0.2  %
(3)(29)
7,222  3,584  2,640 
AMMC CLO 23, Ltd. Series 2020-23A Multi-Sector Holdings Subordinated Structured Notes
Residual Interest, current yield 12.96%
2/22 4/35 2,000  1,539  1,421  0.1  %
(3)(29)
2,000  1,539  1,421 
AnalytiChem Holding GmbH Chemicals First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.8% Cash
11/21 10/28 3,131  3,186  3,092  0.3  %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.2% Cash
4/22 10/28 945  945  933  0.1  %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
EURIBOR + 7.00%, 10.9% Cash
1/23 10/28 1,644  1,588  1,644  0.1  %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
SOFR + 6.00%, 11.6% Cash
6/22 10/28 1,019  1,019  1,006  0.1  %
(3)(7)(8)(13)
6,739  6,738  6,675 
Anju Software, Inc. Application Software First Lien Senior Secured Term Loan
9.0% PIK
2/19 6/25 13,320  13,283  892  0.1  %
(7)(8)(27)
Super Senior Secured Term Loan
10.0% PIK
10/23 6/25 948  910  889  0.1  %
(7)(8)(31)
14,268  14,193  1,781 
10

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
APC1 Holding Diversified Manufacturing First Lien Senior Secured Term Loan
EURIBOR + 5.40%, 8.9% Cash
7/22 7/29 $ 2,465  $ 2,319  $ 2,441  0.2  %
(3)(7)(8)(10)
2,465  2,319  2,441 
Apex Bidco Limited Business Equipment & Services First Lien Senior Secured Term Loan
SONIA + 6.25%, 11.6% Cash
1/20 1/27 1,842  1,888  1,842  0.2  %
(3)(7)(8)(16)
First Lien Senior Secured Term Loan
SONIA + 6.75%, 12.1% Cash
10/23 1/27 1,388  1,306  1,388  0.1  %
(3)(7)(8)(16)
Subordinated Senior Unsecured Term Loan
8.0% PIK
1/20 7/27 316  321  296    %
(3)(7)
3,546  3,515  3,526 
Apidos CLO XXIV, Series 2016-24A Multi-Sector Holdings Subordinated Structured Notes
Residual Interest, current yield 45.39%
2/22 10/30 18,358  4,257  4,854  0.4  %
(3)(29)
18,358  4,257  4,854 
APOG Bidco Pty Ltd Healthcare Second Lien Senior Secured Term Loan
BBSY + 7.25%, 11.9% Cash
4/22 3/30 2,072  2,287  2,062  0.2  %
(3)(7)(8)(20)
2,072  2,287  2,062 
Aptus 1829. GmbH Chemicals, Plastics, and Rubber First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 8.4% Cash, 1.5% PIK
9/21 9/27 2,306  2,480  2,041  0.2  %
(3)(7)(8)(11)
Preferred Stock
(13 shares)
N/A 9/21 N/A 120  10    %
(3)(7)(30)
Common Stock
(48 shares)
N/A 9/21 N/A 12      %
(3)(7)(30)
2,306  2,612  2,051 
Apus Bidco Limited Banking, Finance, Insurance & Real Estate First Lien Senior Secured Term Loan
SONIA + 5.50%, 10.9% Cash
2/21 3/28 3,641  3,906  3,641  0.3  %
(3)(7)(8)(17)
3,641  3,906  3,641 
AQA Acquisition Holding, Inc. High Tech Industries Second Lien Senior Secured Term Loan
SOFR + 7.50%, 12.9% Cash
3/21 3/29 20,000  19,653  20,000  1.7  %
(7)(8)(13)
20,000  19,653  20,000 
Aquavista Watersides 2 LTD Transportation Services First Lien Senior Secured Term Loan
SONIA + 6.00%, 11.2% Cash
12/21 12/28 6,373  6,516  6,021  0.5  %
(3)(7)(8)(17)(31)
Second Lien Senior Secured Term Loan
SONIA + 10.5% PIK, 15.6% PIK
12/21 12/28 1,977  2,021  1,896  0.2  %
(3)(7)(8)(17)
8,350  8,537  7,917 
Arc Education Consumer Cyclical First Lien Senior Secured Term Loan
EURIBOR + 5.75%, 9.4% Cash
7/22 7/29 3,741  3,479  3,698  0.3  %
(3)(7)(8)(10)(31)
3,741  3,479  3,698 
Arch Global Precision LLC Industrial Machinery First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.2% Cash
4/19 4/26 9,013  9,012  8,788  0.7  %
(7)(8)(13)
9,013  9,012  8,788 
Archimede Consumer Services First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.2% Cash
10/20 10/27 6,323  6,486  6,089  0.5  %
(3)(7)(8)(10)
6,323  6,486  6,089 
Argus Bidco Limited High Tech Industries First Lien Senior Secured Term Loan
EURIBOR + 4.00%, 7.7% Cash, 3.4% PIK
7/22 7/29 1,616  1,551  1,551  0.1  %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
EURIBOR + 4.00%, 7.7% Cash, 3.4% PIK
7/22 7/29 314  290  301    %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
SOFR + 4.00%, 9.3% Cash, 3.4% PIK
7/22 7/29 134  131  128    %
(3)(7)(8)(13)
First Lien Senior Secured Term Loan
SONIA + 4.00%, 9.1% Cash, 3.4% PIK
7/22 7/29 1,707  1,562  1,624  0.1  %
(3)(7)(8)(16)(31)
Second Lien Senior Secured Term Loan
10.5% PIK
7/22 7/29 814  768  769  0.1  %
(3)(7)
Preferred Stock (41,560 shares)
10.0% PIK
7/22 N/A 60  44    %
(3)(7)
Equity Loan Notes (41,560 units)
10.0% PIK
7/22 N/A 60  44    %
(3)(7)
Common Stock (464 shares)
N/A 7/22 N/A 1      %
(3)(7)(30)
4,585  4,423  4,461 
11

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Armstrong Transport Group (Pele Buyer, LLC) Air Freight & Logistics First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
6/19 12/26 $ 2,647  $ 2,625  $ 2,538  0.2  %
(7)(8)(14)
First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
10/22 12/26 3,298  3,298  3,163  0.3  %
(7)(8)(14)
5,945  5,923  5,701 
ASC Communications, LLC Media & Entertainment First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.2% Cash
7/22 7/27 8,088  8,002  8,088  0.7  %
(7)(8)(12)
Revolver
SOFR + 4.75%, 10.2% Cash
7/22 7/27   (11)     %
(7)(8)(12)(31)
Class A Units (25,718.20 units)
N/A 7/22 N/A 539  785  0.1  %
(7)
8,088  8,530  8,873 
Astra Bidco Limited Healthcare First Lien Senior Secured Term Loan
SONIA + 5.25%, 10.5% Cash
11/21 11/28 2,385  2,444  2,358  0.2  %
(3)(7)(8)(16)(31)
First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 9.1% Cash
11/21 11/28 312  314  309    %
(3)(7)(8)(10)
2,697  2,758  2,667 
ATL II MRO Holdings Inc. Transportation First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
11/22 11/28 8,291  8,123  8,209  0.7  %
(7)(8)(13)
Revolver
SOFR + 5.50%, 10.8% Cash
11/22 11/28   (32) (17)   %
(7)(8)(13)(31)
8,291  8,091  8,192 
Auxi International Commercial Finance First Lien Senior Secured Term Loan
EURIBOR + 7.25%, 11.1% Cash
12/19 12/26 1,500  1,535  1,401  0.1  %
(3)(7)(8)(11)
First Lien Senior Secured Term Loan
SONIA + 6.50%, 11.8% Cash
4/21 12/26 847  907  791  0.1  %
(3)(7)(8)(17)
2,347  2,442  2,192 
Avance Clinical Bidco Pty Ltd Healthcare First Lien Senior Secured Term Loan
BBSY + 4.50%, 8.9% Cash
11/21 11/27 2,240  2,319  2,180  0.2  %
(3)(7)(8)(19)(31)
2,240  2,319  2,180 
Aviation Technical Services, Inc. Aerospace & Defense Second Lien Senior Secured Term Loan
SOFR + 8.50%, 14.0% Cash
2/22 3/25 29,304  27,969  28,102  2.3  %
(7)(8)(12)(29)
29,304  27,969  28,102 
AVSC Holding Corp. Advertising First Lien Senior Secured Term Loan
5.0% Cash, 10.0% PIK
11/20 10/26 6,724  6,669  6,944  0.6  %
First Lien Senior Secured Term Loan
SOFR + 3.25%, 8.6% Cash, 0.3% PIK
11/20 3/25 10  8  10    %
(8)(13)
First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash, 1.0% PIK
11/20 10/26 1  1  1    %
(8)(13)
6,735  6,678  6,955 
Azalea Buyer, Inc. Technology First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.7% Cash
11/21 11/27 4,808  4,742  4,808  0.4  %
(7)(8)(12)(31)
Revolver
SOFR + 5.25%, 10.7% Cash
11/21 11/27   (6)     %
(7)(8)(12)(31)
Subordinated Term Loan
12.0% PIK
11/21 5/28 1,708  1,691  1,693  0.1  %
(7)
Common Stock (192,307.7 shares)
N/A 11/21 N/A 192  273    %
(7)(30)
6,516  6,619  6,774 
Bariacum S.A Consumer Products First Lien Senior Secured Term Loan
EURIBOR + 4.75%, 8.4% Cash
11/21 11/28 3,215  3,254  3,209  0.3  %
(3)(7)(8)(11)
3,215  3,254  3,209 
Benify (Bennevis AB) High Tech Industries First Lien Senior Secured Term Loan
STIBOR + 5.25%, 9.0% Cash
7/19 7/26 891  995  891  0.1  %
(3)(7)(8)(23)
891  995  891 
Beyond Risk Management, Inc. Other Financial First Lien Senior Secured Term Loan
SOFR + 4.50%, 9.9% Cash
10/21 10/27 5,349  5,241  5,150  0.4  %
(7)(8)(13)(31)
5,349  5,241  5,150 
Bidwax Non-durable Consumer Goods First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.2% Cash
2/21 2/28 7,502  8,132  7,397  0.6  %
(3)(7)(8)(11)
7,502  8,132  7,397 
12

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Biolam Group Consumer
Non-cyclical
First Lien Senior Secured Term Loan
EURIBOR + 4.25%, 5.5% Cash, 2.8% PIK
12/22 12/29 $ 2,396  $ 2,418  $ 1,943  0.2  %
(3)(7)(8)(11)(31)
2,396  2,418  1,943 
BNI Global, LLC Other Industrial First Lien Senior Secured Term Loan
EURIBOR + 5.75%, 9.4% Cash
2/24 5/27 9,811  9,706  9,615  0.8  %
(7)(8)(9)
9,811  9,706  9,615 
Bounteous, Inc. Technology First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.2% Cash
8/21 8/27 4,127  4,081  4,085  0.3  %
(7)(8)(13)
4,127  4,081  4,085 
BPG Holdings IV Corp Diversified Manufacturing First Lien Senior Secured Term Loan
SOFR + 6.00%, 11.3% Cash
3/23 7/29 14,184  13,457  13,011  1.1  %
(7)(8)(13)
14,184  13,457  13,011 
Bridger Aerospace Group Holdings, LLC Environmental Industries Municipal Revenue Bond
11.5% Cash
7/22 9/27 27,200  27,200  27,953  2.3  %

Preferred Stock- Series A
(14,618 shares)
7.0% PIK
7/22 N/A 16,125  14,706  1.2  %
(7)
27,200  43,325  42,659 
Brightpay Limited Technology First Lien Senior Secured Term Loan
EURIBOR + 5.00%, 8.9% Cash
10/21 10/28 2,215  2,307  2,156  0.2  %
(3)(7)(8)(10)(31)
2,215  2,307  2,156 
BrightSign LLC Media & Entertainment First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.2% Cash
10/21 10/27 4,681  4,653  4,681  0.4  %
(7)(8)(13)
Revolver
SOFR + 5.75%, 11.2% Cash
10/21 10/27 1,063  1,056  1,063  0.1  %
(7)(8)(13)(31)
LLC units (1,107,492.71 units)
N/A 10/21 N/A 1,107  1,141  0.1  %
(7)
5,744  6,816  6,885 
British Airways 2020-1 Class B Pass Through Trust Structured Products First Lien Senior Secured Bond
8.4% Cash
11/20 11/28 542  542  565    %
542  542  565 
British Engineering Services Holdco Limited Commercial Services & Supplies First Lien Senior Secured Term Loan
SONIA + 7.00%, 12.2% Cash
12/20 12/27 14,494  15,218  14,494  1.2  %
(3)(7)(8)(17)
14,494  15,218  14,494 
Brook & Whittle Holding Corp. Containers, Packaging & Glass First Lien Senior Secured Term Loan
SOFR + 4.00%, 9.5% Cash
2/22 12/28 2,784  2,765  2,544  0.2  %
(8)(13)(29)
2,784  2,765  2,544 
Brown Machine Group Holdings, LLC Industrial Equipment First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.5% Cash
10/18 10/25 6,088  6,083  5,929  0.5  %
(7)(8)(12)
6,088  6,083  5,929 
Burgess Point Purchaser Corporation Auto Parts & Equipment Second Lien Senior Secured Term Loan
SOFR + 9.00%, 14.4% Cash
7/22 7/30 4,545  4,396  4,545  0.4  %
(7)(8)(12)
LP Units
(455 units)
N/A 7/22 N/A 455  433    %
(7)(30)
4,545  4,851  4,978 
BVI Medical, Inc. Healthcare Second Lien Senior Secured Term Loan
EURIBOR + 9.50%, 13.2% Cash
6/22 6/26 9,943  9,542  9,734  0.8  %
(7)(8)(10)
9,943  9,542  9,734 
13

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
CAi Software, LLC Technology First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.6% Cash
12/21 12/28 $ 11,253  $ 11,066  $ 11,056  0.9  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.6% Cash
7/22 12/28 1,356  1,339  1,333  0.1  %
(7)(8)(13)
Revolver
SOFR + 5.00%, 10.6% Cash
12/21 12/28   (41) (44)   %
(7)(8)(13)(31)
12,609  12,364  12,345 
Canadian Orthodontic Partners Corp. Healthcare First Lien Senior Secured Term Loan
3.5% Cash,
CORRA + 3.5% PIK, 9.0% PIK
6/21 3/26 1,666  1,860  451    %
(3)(7)(8)(22)(27)
Super Senior Secured Term Loan
15.0% PIK
4/24 3/26 20  14  28    %
(3)(7)(31)
Class A Equity (500,000 units)
N/A 5/22 N/A 389      %
(3)(7)(30)
Class C - Warrants (74,712.64 units)
N/A 5/22 N/A       %
(3)(7)(30)
Class X Equity (45,604 units)
N/A 5/22 N/A 35      %
(3)(7)(30)
1,686  2,298  479 
Caribou Holding Company, LLC Technology First Lien Senior Secured Term Loan
SOFR + 7.64%, 13.0% Cash
4/22 4/27 4,318  4,279  4,271  0.4  %
(3)(7)(8)(13)
LLC Units (681,818 units)
N/A 4/22 N/A 682  948  0.1  %
(3)(7)(30)
4,318  4,961  5,219 
Cascade Residential Services LLC Electric First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
10/23 10/29 3,266  3,162  3,187  0.3  %
(7)(8)(13)(31)
Revolver
SOFR + 5.50%, 10.8% Cash
10/23 10/29 66  59  61    %
(7)(8)(13)(31)
3,332  3,221  3,248 
Catawba River Limited Finance Companies Structured - Junior Note N/A 10/22 10/28 4,930  4,442  3,353  0.3  %
(3)(7)
4,930  4,442  3,353 
CCFF Buyer, LLC Food & Beverage First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.0% Cash
2/24 2/30 3,840  3,700  3,710  0.3  %
(7)(8)(14)(31)
Revolver
SOFR + 5.75%, 11.0% Cash
2/24 2/30   (20) (19)   %
(7)(8)(14)(31)
LLC Units
(233 units)
N/A 2/24 N/A 233  233    %
(7)(30)
3,840  3,913  3,924 
Centralis Finco S.a.r.l. Diversified Financial Services First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 9.1% Cash
5/20 4/27 760  757  751  0.1  %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 9.2% Cash
5/20 4/27 2,340  2,175  2,312  0.2  %
(3)(7)(8)(10)
3,100  2,932  3,063 
Ceres Pharma NV Pharmaceuticals First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.8% Cash
10/21 10/28 3,318  3,285  3,236  0.3  %
(3)(7)(8)(11)
3,318  3,285  3,236 
CGI Parent, LLC Business Equipment & Services First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.7% Cash
2/22 2/28 12,993  12,756  12,993  1.1  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.7% Cash
12/22 2/28 1,364  1,334  1,364  0.1  %
(7)(8)(13)
Revolver
SOFR + 5.25%, 10.7% Cash
2/22 2/28   (21)     %
(7)(8)(13)(31)
Preferred Stock (657 shares)
N/A 2/22 N/A 722  1,378  0.1  %
(7)(30)
14,357  14,791  15,735 
CM Acquisitions Holdings Inc. Internet & Direct Marketing First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
5/19 5/25 13,693  13,651  13,131  1.1  %
(7)(8)(13)
13,693  13,651  13,131 
14

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
CMT Opco Holding, LLC (Concept Machine) Distributors First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.0% Cash, 0.3% PIK
1/20 1/25 $ 4,096  $ 4,085  $ 3,551  0.3  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.0% Cash, 0.3% PIK
1/20 1/27 667  656  578    %
(7)(8)(13)
Incremental Equity (3,853 units)
N/A 9/23 N/A 154      %
(7)(30)
LLC Units
(8,782 units)
N/A 1/20 N/A 352      %
(7)(30)
4,763  5,247  4,129 
Cobham Slip Rings SAS Diversified Manufacturing First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.6% Cash
11/21 11/28 1,303  1,284  1,303  0.1  %
(3)(7)(8)(13)
1,303  1,284  1,303 
Coherus Biosciences, Inc. Biotechnology First Lien Senior Secured Term Loan
SOFR + 8.00%, 13.3% Cash
5/24 5/29 3,991  3,874  3,871  0.3  %
(7)(8)(13)
Royalty Rights N/A 5/24 N/A 3,871  3,871  0.3  %
(7)
3,991  7,745  7,742 
Command Alkon (Project Potter Buyer, LLC) Software
Class B Partnership Units
(33,324.69 units)
N/A 4/20 N/A   178    %
(7)(30)
  178 
Compass Precision, LLC Aerospace & Defense Senior Subordinated Term Loan
11.0% Cash, 1.0% PIK
4/22 4/28 645  636  623  0.1  %
(7)
LLC Units (46,085.6 units)
N/A 4/22 N/A 125  148    %
(7)(30)
645  761  771 
Comply365, LLC Technology First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash
4/22 12/29 5,595  5,491  5,562  0.5  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash
4/22 4/28 13,163  12,983  13,084  1.1  %
(7)(8)(13)
Revolver
SOFR + 5.00%, 10.4% Cash
4/22 12/29   (14) (7)   %
(7)(8)(13)(31)
18,758  18,460  18,639 
Contabo Finco S.À.R.L Internet Software & Services First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 9.1% Cash
10/22 10/29 4,990  4,547  4,990  0.4  %
(3)(7)(8)(10)
4,990  4,547  4,990 
Coyo Uprising GmbH Technology First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 6.7% Cash, 3.5% PIK
9/21 9/28 4,794  5,070  4,615  0.4  %
(3)(7)(8)(10)(31)
Class A Units
(440 units)
N/A 9/21 N/A 205  209    %
(3)(7)(30)
Class B Units
(191 units)
N/A 9/21 N/A 446  382    %
(3)(7)(30)
4,794  5,721  5,206 
CSL DualCom Tele-
communications
First Lien Senior Secured Term Loan
SONIA + 5.25%, 10.2% Cash
9/20 9/27 2,034  1,918  2,034  0.2  %
(3)(7)(8)(15)(31)
2,034  1,918  2,034 
15

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
CTI Foods Holdings Co., LLC Food & Beverage 2024 First Out Term Loan
SOFR + 10.00%, 15.3% PIK
2/24 5/26 $ 1,920  $ 1,837  $ 1,920  0.2  %
(7)(8)(13)
First Out Term Loan
SOFR + 10.00%, 15.3% PIK
2/24 5/26 737  737  737  0.1  %
(7)(8)(13)
2024 LIFO Term Loan
SOFR + 10.00%, 15.3% PIK
2/24 5/26 3,896  3,726  3,896  0.3  %
(7)(8)(13)
Second Out Term Loan
SOFR + 12.00%, 17.3% PIK
2/24 5/26 555  555  555    %
(7)(8)(13)
Common Stock (19,376 shares)
N/A 2/24 N/A   579    %
(7)(30)
7,108  6,855  7,687 
CW Group Holdings, LLC High Tech Industries First Lien Senior Secured Term Loan
SOFR + 5.50%, 11.0% Cash
1/21 1/27 2,746  2,717  2,746  0.2  %
(7)(8)(13)
LLC Units (161,290.32 units)
N/A 1/21 N/A 161  300    %
(7)
2,746  2,878  3,046 
DataServ Integrations, LLC Technology First Lien Senior Secured Term Loan
SOFR + 5.50%, 11.0% Cash
11/22 11/28 1,876  1,843  1,876  0.2  %
(7)(8)(13)
Revolver
SOFR + 5.50%, 11.0% Cash
11/22 11/28   (7)     %
(7)(8)(13)(31)
Partnership Units (96,153.85 units)
N/A 11/22 N/A 96  103    %
(7)(30)
1,876  1,932  1,979 
David Wood Baking UK Ltd Food Products Second Lien Senior Secured Term Loan
SONIA + 4.00%, 9.1% Cash, 7.0% PIK
4/24 4/29 1,331  1,251  1,264  0.1  %
(3)(7)(8)(16)
1,331  1,251  1,264 
DecksDirect, LLC Building Materials First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.7% Cash
12/21 12/26 1,617  1,591  1,587  0.1  %
(7)(8)(12)
Revolver
SOFR + 6.25%, 11.7% Cash
12/21 12/26 347  342  340    %
(7)(8)(12)(31)
Class A Units (1,016.1 units)
N/A 4/24 N/A —  47  29    %
(7)(30)
Common Stock (1,280.8 shares)
N/A 12/21 N/A 55  37    %
(7)(30)
1,964  2,035  1,993 
DISA Holdings Corp. Other Industrial First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.3% Cash
11/22 9/28 6,986  6,826  6,888  0.6  %
(7)(8)(12)
Revolver
SOFR + 5.00%, 10.3% Cash
11/22 9/28   (10) (6)   %
(7)(8)(12)(31)
6,986  6,816  6,882 
Distinct Holdings, Inc. Systems Software First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.7% Cash
4/19 3/26 6,540  6,540  6,540  0.5  %
(7)(8)(13)
6,540  6,540  6,540 
Diversified Packaging Holdings LLC Containers, Packaging & Glass Second Lien Senior Secured Term Loan
11.00% Cash, 1.5% PIK
6/24 6/29 723  709  709  0.1  %
(7)
LLC Units (2,769.00 units)
N/A 6/24 N/A 277  277    %
(7)(30)
723  986  986 
Dragon Bidco Technology First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.4% Cash
4/21 4/28 2,679  2,833  2,679  0.2  %
(3)(7)(8)(11)
2,679  2,833  2,679 
DreamStart Bidco SAS (d/b/a SmartTrade) Diversified Financial Services First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 9.0% Cash
3/20 3/27 2,279  2,328  2,279  0.2  %
(3)(7)(8)(10)
2,279  2,328  2,279 
Dryden 43 Senior Loan Fund, Series 2016-43A Multi-Sector Holdings Subordinated Structured Notes
Residual Interest, current yield 5.18%
2/22 4/34 3,620  1,880  1,451  0.1  %
(3)(29)
3,620  1,880  1,451 
Dryden 49 Senior Loan Fund, Series 2017-49A Multi-Sector Holdings Subordinated Structured Notes
Residual Interest, current yield 0.00%
2/22 7/30 17,233  3,557  1,149  0.1  %
(3)(29)(30)
17,233  3,557  1,149 
16

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Dune Group Health Care Equipment First Lien Senior Secured Term Loan
EURIBOR + 4.00%, 7.7% Cash
9/21 9/28 $ 124  $ 116  $ 103    %
(3)(7)(8)(10)(31)
First Lien Senior Secured Term Loan
SOFR + 4.00%, 9.3% Cash
9/21 9/28 1,434  1,420  1,380  0.1  %
(3)(7)(8)(13)
1,558  1,536  1,483 
Dunlipharder B.V. Technology First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.3% Cash
6/22 6/28 1,000  989  995  0.1  %
(3)(7)(8)(12)
1,000  989  995 
Dwyer Instruments, Inc. Electric First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.2% Cash
7/21 7/27 14,702  14,522  14,702  1.2  %
(7)(8)(13)
14,702  14,522  14,702 
Echo Global Logistics, Inc. Air Transportation Second Lien Senior Secured Term Loan
SOFR + 7.25%, 12.4% Cash
11/21 11/29 9,469  9,345  9,308  0.8  %
(7)(8)(13)
Partnership Equity (530.92 units)
N/A 11/21 N/A 531  379    %
(7)(30)
9,469  9,876  9,687 
EFC International Automotive Senior Unsecured Term Loan
11.0% Cash, 2.5% PIK
3/24 5/28 791  770  778  0.1  %
(7)
Common Stock (163.83 shares)
N/A 3/24 N/A 231  373    %
(7)(30)
791  1,001  1,151 
Electrical Components International, Inc. Electrical Equipment First Lien Senior Secured Term Loan
SOFR + 6.50%, 11.8% Cash
5/24 5/29 10,665  10,445  10,440  0.9  %
(7)(8)(12)(31)
10,665  10,445  10,440 
Ellkay, LLC Healthcare & Pharmaceuticals First Lien Senior Secured Term Loan
SOFR + 5.50%, 11.0% Cash, 2.0% PIK
9/21 9/27 4,886  4,829  4,246  0.4  %
(7)(8)(13)
4,886  4,829  4,246 
EMI Porta Holdco LLC Diversified Manufacturing First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.2% Cash
12/21 12/27 12,449  12,292  11,789  1.0  %
(7)(8)(13)
Revolver
SOFR + 5.75%, 11.2% Cash
12/21 12/27 237  203  80    %
(7)(8)(13)(31)
12,686  12,495  11,869 
Entact Environmental Services, Inc. Environmental Industries First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.1% Cash
2/21 1/27 6,799  6,759  6,750  0.6  %
(7)(8)(13)
6,799  6,759  6,750 
eShipping, LLC Transportation Services First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash
11/21 11/27 3,469  3,427  3,469  0.3  %
(7)(8)(12)
Revolver
SOFR + 5.00%, 10.4% Cash
11/21 11/27   (17)     %
(7)(8)(12)(31)
3,469  3,410  3,469 
Eurofins Digital Testing International LUX Holding SARL Technology First Lien Senior Secured Term Loan
EURIBOR + 4.50%, 8.4% Cash, 2.8% PIK
12/22 12/29 1,554  1,497  953  0.1  %
(3)(7)(8)(10)(27)
First Lien Senior Secured Term Loan
EURIBOR + 7.00%, 10.9% Cash
12/22 12/29   (56) (1,025) (0.1) %
(3)(7)(8)(10)(27)
(31)
First Lien Senior Secured Term Loan
SOFR + 4.50%, 9.8% Cash, 2.8% PIK
12/22 12/29 799  781  490    %
(3)(7)(8)(13)(27)
First Lien Senior Secured Term Loan
SONIA + 4.50%, 9.7% Cash, 2.8% PIK
12/22 12/29 2,373  2,258  1,454  0.1  %
(3)(7)(8)(16)(27)
Senior Subordinated Term Loan
11.5% PIK
12/22 12/30 662  642      %
(3)(7)(27)
5,388  5,122  1,872 
Events Software BidCo Pty Ltd Technology First Lien Senior Secured Term Loan
BBSY + 6.50%, 10.9% Cash
3/22 3/28 1,665  1,818  1,537  0.1  %
(3)(7)(8)(20)(31)
1,665  1,818  1,537 
Express Wash Acquisition Company, LLC Consumer Cyclical First Lien Senior Secured Term Loan
SOFR + 6.50%, 12.1% Cash
7/22 7/28 6,396  6,303  6,306  0.5  %
(7)(8)(13)
Revolver
SOFR + 6.50%, 12.1% Cash
7/22 7/28 141  138  137    %
(7)(8)(13)(31)
6,537  6,441  6,443 
17

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
F24 (Stairway BidCo Gmbh) Software Services First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.6% Cash
8/20 8/27 $ 1,909  $ 2,075  $ 1,909  0.2  %
(3)(7)(8)(10)
1,909  2,075  1,909 
Faraday Healthcare First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.7% Cash
1/23 1/30 1,632  1,596  1,595  0.1  %
(3)(7)(8)(10)(31)
1,632  1,596  1,595 
Ferrellgas L.P. Oil & Gas Equipment & Services
Opco Preferred Units (2,886 units)
N/A 3/21 N/A 2,799  2,742  0.2  %
(7)
2,799  2,742 
Finaxy Holding Banking First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.2% Cash
11/23 11/30 4,409  4,293  4,327  0.4  %
(3)(7)(8)(10)
Subordinated Term Loan
10.3% PIK
11/23 5/31 1,989  1,945  1,959  0.2  %
(3)(7)
6,398  6,238  6,286 
Fineline Technologies, Inc. Consumer Services First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
2/21 2/28 1,263  1,252  1,263  0.1  %
(7)(8)(13)
1,263  1,252  1,263 
Finexvet Healthcare & Pharmaceuticals First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.2% Cash
3/22 3/29 4,849  4,862  4,733  0.4  %
(3)(7)(8)(11)
4,849  4,862  4,733 
FinThrive Software Intermediate Holdings Inc. Business Equipment & Services
Preferred Stock (6,582.7 shares)
11.0% PIK
3/22 N/A 9,306  5,705  0.5  %
(7)
9,306  5,705 
FitzMark Buyer, LLC Cargo & Transportation First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.2% Cash
12/20 12/26 4,151  4,114  4,085  0.3  %
(7)(8)(12)
4,151  4,114  4,085 
Five Star Holding LLC Packaging Second Lien Senior Secured Term Loan
SOFR + 7.25%, 12.6% Cash
5/22 5/30 13,692  13,475  12,364  1.0  %
(7)(8)(13)
LLC Units
(966.99 units)
N/A 5/22 N/A 967  502    %
(7)(30)
13,692  14,442  12,866 
Flexential Issuer, LLC Information Technology Structured Secured Note - Class C
6.9% Cash
11/21 11/51 16,000  14,873  14,661  1.2  %
16,000  14,873  14,661 
Flywheel Re Segregated Portfolio 2022-4 Investment Funds
Preferred Stock (2,828,286 shares)
N/A 8/22 N/A 2,828  3,535  0.3  %
(3)(7)(30)
2,828  3,535 
Footco 40 Limited Media & Entertainment First Lien Senior Secured Term Loan
SONIA + 6.50%, 10.2% Cash
4/22 4/29 226  223  221    %
(3)(7)(8)(16)(31)
First Lien Senior Secured Term Loan
SONIA + 6.50%, 11.7% Cash
4/22 4/29 1,614  1,632  1,572  0.1  %
(3)(7)(8)(16)(31)
1,840  1,855  1,793 
Forest Buyer, LLC Healthcare First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.1% Cash
3/24 3/26   (12) (11)   %
(7)(8)(13)(31)
First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.1% Cash
3/24 3/30 1,587  1,549  1,551  0.1  %
(7)(8)(13)
Revolver
SOFR + 5.75%, 11.1% Cash
3/24 3/30   (7) (7)   %
(7)(8)(13)(31)
Class A LLC Units (146 units)
N/A 3/24 N/A 146  149    %
(7)(30)
Class B LLC Units (146 units)
N/A 3/24 N/A   33    %
(7)(30)
1,587  1,676  1,715 
Fortis Payment Systems, LLC Other Financial First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.2% Cash
10/22 2/26 8,686  8,550  8,525  0.7  %
(7)(8)(13)(31)
Revolver
SOFR + 5.75%, 11.2% Cash
10/22 2/26   (10) (11)   %
(7)(8)(13)(31)
8,686  8,540  8,514 
18

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
FragilePak LLC Transportation Services First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.2% Cash
5/21 5/27 $ 4,567  $ 4,500  $ 4,416  0.4  %
(7)(8)(13)
Partnership Units (937.5 units)
N/A 5/21 N/A 938  575    %
(7)(30)
4,567  5,438  4,991 
FSS Buyer LLC Technology First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.3% Cash
8/21 8/28 4,765  4,703  4,765  0.4  %
(7)(8)(13)
LP Interest
(1,160.9 units)
N/A 8/21 N/A 12  15    %
(7)(30)
LP Units
 (5,104.3 units)
N/A 8/21 N/A 51  68    %
(7)(30)
4,765  4,766  4,848 
GB Eagle Buyer, Inc. Capital Goods First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.6% Cash
12/22 12/28 10,610  10,355  10,610  0.9  %
(7)(8)(13)
Revolver
SOFR + 6.25%, 11.6% Cash
12/22 12/28   (57)     %
(7)(8)(13)(31)
Partnership Units (687 units)
N/A 12/22 N/A 687  1,338  0.1  %
(7)(30)
10,610  10,985  11,948 
Global Academic Group Limited Industrial Other First Lien Senior Secured Term Loan
BBSY + 6.00%, 10.4% Cash
7/22 7/27 2,464  2,522  2,437  0.2  %
(3)(7)(8)(19)
First Lien Senior Secured Term Loan
BKBM + 5.50%, 11.1% Cash
7/22 7/27 4,206  4,242  4,157  0.3  %
(3)(7)(8)(24)(31)
6,670  6,764  6,594 
Gojo Industries, Inc. Industrial Other First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash, 4.5% PIK
10/23 10/28 13,075  12,735  12,737  1.1  %
(7)(8)(13)
13,075  12,735  12,737 
GPNZ II GmbH Healthcare First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.9% Cash
6/22 6/29 461  447  132    %
(3)(7)(8)(9)(27)
(31)
First Lien Senior Secured Term Loan
10.0% PIK
6/22 6/29 212  215  212    %
(3)(7)(8)(9)(31)
Common Stock (5,785 shares)
N/A 10/23 N/A       %
(3)(7)(30)
673  662  344 
Graphpad Software, LLC Internet Software & Services First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
6/24 6/31 9,302  9,244  9,244  0.8  %
(7)(8)(13)(31)
Revolver
SOFR + 4.75% 10.1% Cash
6/24 6/31   (4) (4)   %
(7)(8)(13)(31)
9,302  9,240  9,240 
Greenhill II BV Technology First Lien Senior Secured Term Loan
EURIBOR + 5.10%, 9.0% Cash
7/22 7/29 945  880  936  0.1  %
(3)(7)(8)(10)(31)
945  880  936 
Groupe Guemas Brokerage, Asset Managers & Exchanges First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 9.9% Cash
10/23 9/30 4,995  4,813  4,895  0.4  %
(3)(7)(8)(11)
4,995  4,813  4,895 
Groupe Product Life Consumer
Non-cyclical
First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.0% Cash
10/22 10/29 807  755  782  0.1  %
(3)(7)(8)(10)(31)
807  755  782 
Gulf Finance, LLC Oil & Gas Exploration & Production First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.7% Cash
11/21 8/26 370  360  372    %
(8)(13)
370  360  372 
Gusto Aus BidCo Pty Ltd Consumer
Non-Cyclical
First Lien Senior Secured Term Loan
BBSY + 6.50%, 10.9% Cash
10/22 10/28 2,231  2,088  2,169  0.2  %
(3)(7)(8)(19)(31)
2,231  2,088  2,169 
HeartHealth Bidco Pty Ltd Healthcare First Lien Senior Secured Term Loan
BBSY + 5.25%, 9.7% Cash
9/22 9/28 695  651  647  0.1  %
(3)(7)(8)(19)(31)
695  651  647 
Heartland Veterinary Partners, LLC Healthcare Subordinated Term Loan
11.0% PIK
11/21 12/28 12,891  12,724  11,667  1.0  %
(7)
12,891  12,724  11,667 
19

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Heavy Construction Systems Specialists, LLC Technology First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
11/21 11/27 $ 7,258  $ 7,169  $ 7,243  0.6  %
(7)(8)(12)
Revolver
SOFR + 5.50%, 10.8% Cash
11/21 11/27   (30) (5)   %
(7)(8)(12)(31)
7,258  7,139  7,238 
Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)) Insurance First Lien Senior Secured Term Loan
EURIBOR + 5.50%, 9.1% Cash
9/19 9/26 3,246  3,676  3,139  0.3  %
(3)(7)(8)(9)
3,246  3,676  3,139 
HEKA Invest Technology First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.2% Cash
10/22 10/29 5,020  4,487  5,020  0.4  %
(3)(7)(8)(10)(31)
5,020  4,487  5,020 
HemaSource, Inc. Healthcare First Lien Senior Secured Term Loan
SOFR + 6.00%, 11.3% Cash
8/23 8/29 7,267  7,104  7,238  0.6  %
(7)(8)(13)
Revolver
SOFR + 6.00%, 11.3% Cash
8/23 8/29   (39) (7)   %
(7)(8)(13)(31)
Common Stock (101,080 shares)
N/A 8/23 N/A 101  110    %
(7)(30)
7,267  7,166  7,341 
Herbalife Ltd. Food Products First Lien Senior Secured Term Loan
SOFR + 6.75%, 12.1% Cash
4/24 4/29 3,419  3,185  3,270  0.3  %
(3)(8)(12)
3,419  3,185  3,270 
Home Care Assistance, LLC Healthcare & Pharmaceuticals First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash
3/21 3/27 3,734  3,697  3,507  0.3  %
(7)(8)(13)
3,734  3,697  3,507 
HomeX Services Group LLC Home Construction First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
11/23 11/29 1,370  1,330  1,370  0.1  %
(7)(8)(12)(31)
Revolver
SOFR + 5.50%, 10.8% Cash
11/23 11/29   (6)     %
(7)(8)(12)(31)
1,370  1,324  1,370 
Honour Lane Logistics Holdings Limited Transportation Services First Lien Senior Secured Term Loan
SOFR + 5.10%, 10.3% Cash
4/22 11/28 6,667  6,527  6,500  0.5  %
(3)(7)(8)(12)
6,667  6,527  6,500 
HTI Technology & Industries Electronic Component Manufacturing First Lien Senior Secured Term Loan
SOFR + 8.50%, 13.9% Cash
7/22 7/25 11,091  11,016  10,526  0.9  %
(7)(8)(13)(31)
Revolver
SOFR + 8.50%, 13.9% Cash
7/22 7/25   (7) (59)   %
(7)(8)(13)(31)
11,091  11,009  10,467 
HW Holdco, LLC (Hanley Wood LLC) Advertising First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.7% Cash
12/18 5/26 11,139  11,110  11,072  0.9  %
(7)(8)(13)
11,139  11,110  11,072 
Hygie 31 Holding Pharmaceuticals First Lien Senior Secured Term Loan
EURIBOR + 6.00%, 9.7% Cash
9/22 9/29 1,565  1,375  1,558  0.1  %
(3)(7)(8)(11)
1,565  1,375  1,558 
Ice House America, L.L.C. Consumer Products First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
1/24 1/30 4,114  4,034  4,055  0.3  %
(7)(8)(13)(31)
Revolver
SOFR + 5.50%, 10.8% Cash
1/24 1/30 239  230  232    %
(7)(8)(13)(31)
LLC Units (2,703 units)
N/A 1/24 N/A 270  305    %
(7)(30)
4,353  4,534  4,592 
IM Square Banking, Finance, Insurance & Real Estate First Lien Senior Secured Term Loan
EURIBOR + 5.55%, 9.2% Cash
5/21 4/28 2,679  2,953  2,606  0.2  %
(3)(7)(8)(10)
2,679  2,953  2,606 
Infoniqa Holdings GmbH Technology First Lien Senior Secured Term Loan
EURIBOR + 4.75%, 8.5% Cash
11/21 11/28 2,817  2,917  2,817  0.2  %
(3)(7)(8)(11)
2,817  2,917  2,817 
20

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Innovad Group II BV Beverage, Food & Tobacco First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 8.9% Cash
4/21 4/28 $ 6,606  $ 7,104  $ 6,441  0.5  %
(3)(7)(8)(11)(31)
First Lien Senior Secured Term Loan
SARON + 5.25%, 6.7% Cash
5/23 4/28 1,020  1,019  995  0.1  %
(3)(7)(8)(25)
7,626  8,123  7,436 
Innovative XCessories & Services, LLC Automotive First Lien Senior Secured Term Loan
SOFR + 4.25%, 9.7% Cash
2/22 3/27 2,877  2,824  2,790  0.2  %
(8)(14)(29)
2,877  2,824  2,790 
INOS 19-090 GmbH Aerospace & Defense First Lien Senior Secured Term Loan
EURIBOR + 5.37%, 9.1% Cash
12/20 12/27 4,968  5,566  4,968  0.4  %
(3)(7)(8)(10)
4,968  5,566  4,968 
Interstellar Group B.V. Technology First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.0% Cash
8/22 2/29 64  62  63    %
(3)(7)(8)(10)
First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.0% Cash
8/22 8/29 1,581  1,529  1,537  0.1  %
(3)(7)(8)(10)(31)
1,645  1,591  1,600 
InvoCare Limited Consumer Cyclical Services First Lien Senior Secured Term Loan
BBSY + 6.25%, 10.6% Cash
11/23 11/29 2,081  1,978  2,022  0.2  %
(3)(7)(8)(19)(31)
2,081  1,978  2,022 
Isagenix International, LLC Wholesale First Lien Senior Secured Term Loan
SOFR + 6.50%, 8.9% Cash, 3.0% PIK
4/23 4/28 871  601  749  0.1  %
(7)(8)(13)(29)
Common Stock (58,538 shares)
N/A 4/23 N/A       %
(7)(30)
871  601  749 
Isolstar Holding NV (IPCOM) Trading Companies & Distributors First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.4% Cash
10/22 10/29 5,179  4,654  5,116  0.4  %
(3)(7)(8)(10)(31)
5,179  4,654  5,116 
ISTO Technologies II, LLC Healthcare First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.6% Cash
10/23 10/28 6,769  6,618  6,769  0.6  %
(7)(8)(13)
Revolver
SOFR + 6.25%, 11.6% Cash
10/23 10/28   (15)     %
(7)(8)(13)(31)
6,769  6,603  6,769 
ITI Intermodal, Inc. Transportation Services First Lien Senior Secured Term Loan
SOFR + 7.00%, 12.4% Cash
12/21 12/27 805  795  783  0.1  %
(7)(8)(12)
First Lien Senior Secured Term Loan
SOFR + 7.25%, 12.7% Cash
12/21 12/27 12,140  11,859  11,885  1.0  %
(7)(8)(12)
Revolver
SOFR + 7.25%, 12.7% Cash
12/21 12/27 226  200  191    %
(7)(8)(12)(31)
Common Stock (7,500.4 shares)
N/A 1/22 N/A 750  583    %
(7)(30)
13,171  13,604  13,442 
Ivanti Software, Inc. High Tech Industries Second Lien Senior Secured Term Loan
SOFR + 7.25%, 12.8% Cash
2/22 12/28 6,000  5,989  3,818  0.3  %
(8)(13)(29)
6,000  5,989  3,818 
Jade Bidco Limited (Jane's) Aerospace & Defense First Lien Senior Secured Term Loan
EURIBOR + 5.25%, 9.0% Cash
11/19 2/29 1,152  1,153  1,152  0.1  %
(3)(7)(8)(11)
First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.6% Cash
11/19 2/29 6,714  6,610  6,714  0.6  %
(3)(7)(8)(14)
7,866  7,763  7,866 
JetBlue 2019-1 Class B Pass Through Trust Structured Products Structured Secured Note - Class B
8.0% Cash
8/20 11/27 2,774  2,774  2,808  0.2  %
2,774  2,774  2,808 
JF Acquisition, LLC Automotive First Lien Senior Secured Term Loan
SOFR + 5.95%, 10.9% Cash
5/21 7/26 3,769  3,723  3,633  0.3  %
(7)(8)(13)
3,769  3,723  3,633 
Jon Bidco Limited Healthcare First Lien Senior Secured Term Loan
BKBM + 4.50%, 10.2% Cash
3/22 3/27 3,754  4,146  3,754  0.3  %
(3)(7)(8)(24)(31)
3,754  4,146  3,754 
21

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Jones Fish Hatcheries & Distributors LLC Consumer Products First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
2/22 2/28 $ 2,785  $ 2,749  $ 2,733  0.2  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.9% Cash
3/23 2/28 696  679  683  0.1  %
(7)(8)(13)
Revolver
SOFR + 5.50%, 10.8% Cash
2/22 2/28   (5) (8)   %
(7)(8)(13)(31)
LLC Units
(1,018 units)
N/A 2/22 N/A 107  234    %
(7)
3,481  3,530  3,642 
Kano Laboratories LLC Chemicals, Plastics & Rubber First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash
11/20 11/26 8,540  8,468  8,520  0.7  %
(7)(8)(13)
Partnership Equity (203.2 units)
N/A 11/20 N/A 203  207    %
(7)(30)
8,540  8,671  8,727 
Kid Distro Holdings, LLC Media & Entertainment First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.9% Cash
10/21 10/27 9,092  8,984  9,074  0.8  %
(7)(8)(13)
LLC Units (637,677.11 units)
N/A 10/21 N/A 638  644  0.1  %
(7)(30)
9,092  9,622  9,718 
Kona Buyer, LLC High Tech Industries First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
12/20 12/27 8,367  8,275  8,300  0.7  %
(7)(8)(13)
8,367  8,275  8,300 
Lambir Bidco Limited Healthcare First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 9.9% Cash
12/21 12/28 1,928  1,966  1,837  0.2  %
(3)(7)(8)(11)(31)
Second Lien Senior Secured Term Loan
12.0% PIK
12/21 6/29 1,795  1,836  1,666  0.1  %
(3)(7)
3,723  3,802  3,503 
Lattice Group Holdings Bidco Limited Technology First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.1% Cash
5/22 5/29 727  710  699  0.1  %
(3)(7)(8)(14)(31)
Revolver
SOFR + 5.75%, 11.1% Cash
5/22 11/28 35  35  34    %
(3)(7)(8)(14)(31)
762  745  733 
LeadsOnline, LLC Business Equipment & Services First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
2/22 2/28 10,121  10,006  10,070  0.8  %
(7)(8)(13)
Revolver
SOFR + 6.00%, 11.3% Cash
2/22 2/28   (27) (17)   %
(7)(8)(13)(31)
LLC Units
(81,664 units)
N/A 2/22 N/A 85  189    %
(7)
10,121  10,064  10,242 
Learfield Communications, LLC Broadcasting First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
8/20 6/28 5,490  5,490  5,505  0.5  %
(8)(12)
Common Stock (94,441 shares)
N/A 8/20 N/A 3,105  6,139  0.5  %
(7)(30)
5,490  8,595  11,644 
Legal Solutions Holdings Business Services Senior Subordinated Loan
16.0% PIK
12/20 3/25 12,319  10,129      %
(7)(27)(28)
12,319  10,129   
Lifestyle Intermediate II, LLC Consumer Goods: Durable First Lien Senior Secured Term Loan
SOFR + 7.00%, 12.6% Cash
2/22 1/26 3,006  3,006  2,705  0.2  %
(7)(8)(13)(29)
3,006  3,006  2,705 
LivTech Purchaser, Inc. Business Services First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.7% Cash
1/21 12/25 862  859  862  0.1  %
(7)(8)(14)
862  859  862 
Long Term Care Group, Inc. Healthcare First Lien Senior Secured Term Loan
SOFR + 1.00%, 6.3% Cash, 6.0% PIK
4/22 9/27 8,505  8,399  7,646  0.6  %
(7)(8)(12)
8,505  8,399  7,646 
Magnetite XIX, Limited Multi-Sector Holdings Subordinated Notes
SOFR + 9.03%, 14.3% Cash
2/22 4/34 5,250  5,107  5,230  0.4  %
(3)(13)(29)
Subordinated Structured Notes
Residual Interest, current yield 12.07%
2/22 4/34 13,730  8,507  7,844  0.7  %
(3)(29)
18,980  13,614  13,074 
22

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Marmoutier Holding B.V. Consumer Products First Lien Senior Secured Term Loan
EURIBOR + 6.75%, 3.7% Cash, 6.8% PIK
12/21 12/24 $ 397  $ 375  $ 158    %
(3)(7)(8)(10)(27)
(31)
First Lien Senior Secured Term Loan
EURIBOR + 6.75%, 3.7% Cash, 6.8% PIK
12/21 12/28 2,101  2,171  908  0.1  %
(3)(7)(8)(10)(27)
Super Senior Secured Term Loan
6.0% PIK
3/24 3/25 182  184  182    %
(3)(7)(8)(10)(27)
Revolver
EURIBOR+ 6.75%, 3.7% Cash, 6.8% PIK
12/21 6/27 49  47  (39)   %
(3)(7)(8)(10)(27)
(31)
2,729  2,777  1,209 
Marshall Excelsior Co. Capital Goods First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.6% Cash
2/22 2/28 10,752  10,638  10,752  0.9  %
(7)(8)(12)
Revolver
SOFR + 5.25%, 10.6% Cash
2/22 2/28 2,150  2,121  2,150  0.2  %
(7)(8)(13)(31)
12,902  12,759  12,902 
MB Purchaser, LLC Technology First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
1/24 1/30 2,009  1,946  1,952  0.2  %
(7)(8)(13)(31)
Revolver
SOFR + 4.75%, 10.1% Cash
1/24 1/30   (6) (5)   %
(7)(8)(13)(31)
LLC Units
(66 units)
N/A 1/24 N/A 68  63    %
(7)(30)
2,009  2,008  2,010 
MC Group Ventures Corporation Business Services First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.6% Cash
7/21 6/27 5,144  5,021  5,019  0.4  %
(7)(8)(13)(31)
First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.9% Cash
6/24 6/27 4,127  4,075  4,096  0.3  %
(7)(8)(13)(31)
Partnership Units (746.66 units)
N/A 6/21 N/A 747  939  0.1  %
(7)(30)
9,271  9,843  10,054 
Media Recovery, Inc. (SpotSee) Containers, Packaging & Glass First Lien Senior Secured Term Loan
SOFR + 6.00%, 11.6% Cash
11/19 11/25 2,859  2,843  2,779  0.2  %
(7)(8)(13)
First Lien Senior Secured Term Loan
SONIA + 6.00%, 11.3% Cash
12/20 11/25 4,024  4,203  3,911  0.3  %
(7)(8)(16)
6,883  7,046  6,690 
Median B.V. Healthcare First Lien Senior Secured Term Loan
SONIA + 5.93%, 11.1% Cash
2/22 10/27 9,418  9,877  8,833  0.7  %
(3)(8)(17)
9,418  9,877  8,833 
Medical Solutions Parent Holdings, Inc. Healthcare Second Lien Senior Secured Term Loan
SOFR + 7.00%, 12.4% Cash
11/21 11/29 4,421  4,389  2,999  0.2  %
(8)(13)
4,421  4,389  2,999 
Megawatt Acquisitionco, Inc. Aerospace & Defense First Lien Senior Secured Term Loan
SOFR + 5.25%, 10.6% Cash
3/24 3/30 4,191  4,111  4,117  0.3  %
(7)(8)(13)
Revolver
SOFR + 5.25%, 10.6% Cash
3/24 3/30 140  127  128    %
(7)(8)(13)(31)
Preferred Stock (1,842 shares)
N/A 3/24 N/A 184  173    %
(7)(30)
Common Stock (205 shares)
N/A 3/24 N/A 21      %
(7)(30)
4,331  4,443  4,418 
Mercell Holding AS Technology First Lien Senior Secured Term Loan
NIBOR + 5.50%, 10.2% Cash
8/22 8/29 2,949  3,144  2,917  0.2  %
(3)(7)(8)(26)(31)
Class A Units (114.4 units)
9.0% PIK
8/22 N/A 111  127    %
(3)(7)(30)
Class B Units (28,943.8 units)
N/A 8/22 N/A   42    %
(3)(7)(30)
2,949  3,255  3,086 
MNS Buyer, Inc. Construction and Building First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.9% Cash
8/21 8/27 898  887  898  0.1  %
(7)(8)(12)
Partnership Units (76,923 units)
N/A 8/21 N/A 77  102    %
(7)(30)
898  964  1,000 
23

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Modern Star Holdings Bidco Pty Limited. Non-durable Consumer Goods First Lien Senior Secured Term Loan
BBSY + 5.75%, 10.5% Cash
12/20 12/26 $ 7,687  $ 8,389  $ 7,687  0.6  %
(3)(7)(8)(20)(31)
7,687  8,389  7,687 
Moonlight Bidco Limited Healthcare First Lien Senior Secured Term Loan
SONIA + 6.25%, 11.5% Cash
7/23 7/30 1,878  1,880  1,844  0.2  %
(3)(7)(8)(16)(31)
Common Stock (10,590 shares)
N/A 7/23 N/A 138  176    %
(3)(7)(30)
1,878  2,018  2,020 
Murphy Midco Limited Media, Diversified & Production First Lien Senior Secured Term Loan
SONIA + 5.50%, 10.7% Cash
11/20 11/27 778  806  778  0.1  %
(3)(7)(8)(17)
First Lien Senior Secured Term Loan
SONIA + 5.50%, 10.8% Cash
11/20 11/27 878  906  878  0.1  %
(3)(7)(8)(17)
1,656  1,712  1,656 
Music Reports, Inc. Media & Entertainment First Lien Senior Secured Term Loan
SOFR + 6.25%, 11.7% Cash
8/20 8/26 6,923  6,853  6,500  0.5  %
(7)(8)(14)
6,923  6,853  6,500 
Napa Bidco Pty Ltd Healthcare First Lien Senior Secured Term Loan
BBSY + 5.00%, 9.4% Cash
3/22 3/28 18,582  19,662  18,450  1.5  %
(3)(7)(8)(19)
18,582  19,662  18,450 
Narda Acquisitionco., Inc. Aerospace & Defense First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.4% Cash
12/21 12/27 5,113  5,058  5,113  0.4  %
(7)(8)(13)
Revolver
SOFR + 5.00%, 10.4% Cash
12/21 12/27   (13)     %
(7)(8)(13)(31)
Class A
Preferred Stock (4,587.38 shares)
N/A 12/21 N/A 459  556    %
(7)(30)
Class B
Common Stock (509.71 shares)
N/A 12/21 N/A 51  186    %
(7)(30)
5,113  5,555  5,855 
Navia Benefit Solutions, Inc. Healthcare & Pharmaceuticals First Lien Senior Secured Term Loan
SOFR + 1.50%, 6.9% Cash, 3.0% PIK
11/22 2/27 2,933  2,884  2,930  0.2  %
(7)(8)(12)
First Lien Senior Secured Term Loan
SOFR + 4.50%, 9.8% Cash
2/21 2/27 2,310  2,296  2,310  0.2  %
(7)(8)(12)
First Lien Senior Secured Term Loan
SOFR + 5.00%, 9.9% Cash
2/21 2/27 329  327  329    %
(7)(8)(12)
5,572  5,507  5,569 
NAW Buyer LLC Technology First Lien Senior Secured Term Loan
SOFR + 5.75%, 11.1% Cash
9/23 9/29 11,763  11,369  11,622  1.0  %
(7)(8)(13)(31)
Revolver
SOFR + 5.75%, 11.1% Cash
9/23 9/29   (41) (15)   %
(7)(8)(13)(31)
LLC Units (472,512 units)
N/A 9/23 N/A 473  397    %
(7)(30)
11,763  11,801  12,004 
NeoxCo Internet Software & Services First Lien Senior Secured Term Loan
EURIBOR + 6.50%, 10.4% Cash
1/23 1/30 2,081  2,046  2,081  0.2  %
(3)(7)(8)(11)(31)
2,081  2,046  2,081 
Next Holdco, LLC Technology First Lien Senior Secured Term Loan
SOFR + 6.00%, 11.3% Cash
11/23 11/30 7,357  7,228  7,357  0.6  %
(7)(8)(12)(31)
Revolver
SOFR + 6.00%, 11.3% Cash
11/23 11/29   (10)     %
(7)(8)(12)(31)
7,357  7,218  7,357 
NF Holdco, LLC Technology First Lien Senior Secured Term Loan
SOFR + 6.50%, 11.8% Cash
3/23 3/29 6,315  6,155  6,239  0.5  %
(7)(8)(12)
Revolver
SOFR + 6.50%, 11.8% Cash
3/23 3/29 442  416  429    %
(7)(8)(12)(31)
LP Units
(639,510 units)
N/A 3/23 N/A 659  646  0.1  %
(7)(30)
6,757  7,230  7,314 
Northstar Recycling, LLC Environmental Industries First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.1% Cash
10/21 9/27 2,438  2,409  2,438  0.2  %
(7)(8)(13)
2,438  2,409  2,438 
24

Barings BDC, Inc.
Unaudited Consolidated Schedule of Investments — (Continued)
June 30, 2024
(Amounts in thousands, except share amounts)
Portfolio Company(6)
Industry (32)
Investment Type (1) (2) (33)
Interest Acq. Date Maturity Date Principal
Amount
Cost Fair
Value
% of Net Assets * Notes
Novotech Aus Bidco Pty Ltd Healthcare First Lien Senior Secured Term Loan
SOFR + 5.25%, 11.1% Cash
1/22 1/28 $   $ (11) $ (10)   %
(3)(7)(8)(14)
  (11) (10)
NPM Investments 28 B.V. Healthcare First Lien Senior Secured Term Loan
EURIBOR + 6.25%, 10.0% Cash
9/22 10/29 2,153  1,917  2,122  0.2  %
(3)(7)(8)(10)(31)
2,153  1,917  2,122 
OA Buyer, Inc. Healthcare First Lien Senior Secured Term Loan
SOFR + 5.50%, 10.8% Cash
12/21 12/28 8,336  8,245  8,295  0.7  %
(7)(8)(12)
Revolver
SOFR + 5.50%, 10.8% Cash
12/21 12/28 111  94  104    %
(7)(8)(12)(31)
Partnership Units (210,920.11 units)
N/A 12/21 N/A 211  491    %
(7)
8,447  8,550  8,890 
OAC Holdings I Corp Automotive First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.5% Cash
3/22 3/29 3,566  3,519  3,549  0.3  %
(7)(8)(13)
Revolver
SOFR + 5.00%, 10.5% Cash
3/22 3/28 313  296  306    %
(7)(8)(13)(31)
3,879  3,815  3,855 
Ocelot Holdco LLC Construction Machinery Super Senior Takeback Loan
10.0% Cash
10/23 10/27 549  549  549    %
(7)(8)
Takeback Term loan
10.0% Cash
10/23 10/27 2,933  2,933  2,933  0.2  %
(7)(8)
Preferred Stock (8,550.57 shares)
15.0% PIK
10/23 N/A 1,562  2,179  0.2  %
(7)
Common Stock (186.67 shares)
N/A 10/23 N/A       %
(7)(30)
3,482  5,044  5,661 
Ocular Therapeutix, Inc. Pharmaceuticals First Lien Senior Secured Term Loan
SOFR + 6.75%, 12.1% Cash
8/23 7/29 3,930  3,825  4,802  0.4  %
(3)(7)(8)(12)
3,930  3,825  4,802 
Offen Inc. Transportation: Cargo First Lien Senior Secured Term Loan
SOFR + 5.00%, 10.5% Cash
2/22 6/26 3,723  3,686  3,704  0.3  %
(7)(14)(29)
3,723  3,686  3,704 
OG III B.V. Containers & Glass Products First Lien Senior Secured Term Loan
EURIBOR + 5.75%, 9.4% Cash
6/21 6/28 3,394  3,689  3,326  0.3  %
(3)(7)(8)(10)
3,394  3,689  3,326 
Options Technology Ltd. Computer Services First Lien Senior Secured Term Loan
SOFR + 4.75%, 10.2% Cash
12/19 12/25 2,255