Barings BDC, Inc.

Barings BDC, Inc. is a Maryland corporation incorporated on October 10, 2006. It operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. For federal income tax purposes, the company has elected and intends to qualify annually as a regulated investment company (RIC) under Subchapter M of the Internal Revenue Code of 1986. The company's headquarters is in Charlotte, North Carolina. In April 2018, Barings BDC, Inc. entered into an asset purchase agreement with BSP Asset Acquisition I, LLC, an affiliate of Benefit Street Partners L.L.C. Under this agreement, the company agreed to sell its December 31, 2017 investment portfolio to the Asset Buyer for gross proceeds of $981.2 million in cash, subject to certain adjustments for portfolio activity and other matters since December 31, 2017.