Tender Offer - Barings Private Credit Corp
Form Type: SC TO-I/A
Filing Date: 2025-04-22
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185991925000028
Filing Summary: This document is the second amendment to the Tender Offer Statement (Schedule TO) filed by Barings Private Credit Corporation. It amends the initial filing made on March 3, 2025, related to the company's offer to purchase up to 4,750,398 shares of its common stock at the net asset value per share as of March 31, 2025. This final amendment reports the results of the tender offer, which expired on March 31, 2025, with 617,209.871 shares validly tendered and accepted for purchase. The accepted shares represent less than 1% of the total shares outstanding as of December 31, 2024. Payment for the shares will be made via non-interest bearing promissory notes, as determined based on the net asset value per share, which was established at $20.75, resulting in an aggregate purchase price of $12,800,756.83 for the shares tendered. This document also notes that the information from the original schedule remains unchanged except where modified in this amendment.
Additional details:
Date Tender Offer First Published: 2025-03-03
Number Of Shares Validly Tendered: 617,209.871
Purchase Price Per Share: 20.75
Aggregate Purchase Price: 12,800,756.83
Form Type: SC TO-I/A
Filing Date: 2025-04-01
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185991925000023
Filing Summary: Barings Private Credit Corporation announced the results of its tender offer to purchase up to 4,750,398 shares of its common stock, which expired on March 31, 2025. As per the final count, 617,209.871 shares were validly tendered. The company accepted for purchase 100% of the validly tendered shares, which represents less than 1% of the total shares outstanding as of December 31, 2024. Stockholders selling shares through the tender offer receive a non-interest bearing, non-transferable promissory note for payment equal to the net asset value of the tendered shares, minus a 2% early repurchase deduction.
Additional details:
Tender Offer Expiration Date: 2025-03-31
Tender Offer Shares Accepted: 617,209.871
Tender Offer Percentage Of Outstanding Shares: <1%
Early Repurchase Deduction: 2%
Form Type: SC TO-I
Filing Date: 2025-03-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000185991925000017
Filing Summary: Barings Private Credit Corporation has initiated a tender offer to purchase up to 4,750,398 shares of its common stock, representing approximately 5% of the outstanding shares as of December 31, 2024. The offer is set to expire at 11:59 p.m. Eastern Time on March 31, 2025, unless extended. The purchase price per share will be based on its net asset value as of the Valuation Date, which is either March 31, 2025, or another date if the offer is extended. Shareholders who tender their shares will receive a promissory note entitling them to receive the amount equivalent to the net asset value of the accepted tendered shares. The tender offer reflects the company's objective to manage its share liquidity and respond to shareholders' needs, although the company is not obligated to conduct regular tender offers. Brief references include the potential impact of the tender on the company's financial position and the lack of any significant trading market for the shares.
Additional details:
Shareholders Tendered Up To: 4750398
Percentage Of Total Shares: 5%
Offer Expiration Date: 2025-03-31
Form Type: SC TO-I/A
Filing Date: 2025-01-23
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185991925000007
Filing Summary: This document is Amendment No. 2 to the Tender Offer Statement on Schedule TO filed by Barings Private Credit Corporation. The amendment reports the final results of the tender offer announced by the Company, which aimed to purchase up to 4,472,882 shares of its common stock at a purchase price equal to the net asset value per share as of December 31, 2024. The offer expired on December 30, 2024, and 281,160.162 shares were validly tendered and accepted for purchase at a net asset value of $20.80, resulting in a total purchase price of $5,843,968.23. Payment will be made via non-interest-bearing promissory notes to the shareholders whose shares were accepted in accordance with the offer's terms.
Additional details:
Tender Offer Price: 20.80
Number Of Shares Tendered: 281,160.162
Total Purchase Price: 5,843,968.23
Form Type: SC TO-I/A
Filing Date: 2025-01-02
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185991925000002
Filing Summary: Barings Private Credit Corporation has amended its Tender Offer Statement on Schedule TO initially filed on December 2, 2024. The amendment details the results of the tender offer that expired on December 30, 2024, where a total of 281,160.162 shares were validly tendered. The company accepted 100% of these shares for purchase at a price equal to the net asset value per share as of December 31, 2024. The accepted shares represent less than 1% of the total outstanding shares as of September 30, 2024. A letter to stockholders was issued on January 2, 2025, announcing these results, which is included as an exhibit in this filing. The amendment retains the information from the original filing, ensuring consistency among the provided data.
Additional details:
Title Of Class: Common Stock
Cusip Number: 06763A101
Tender Offer Expiration Date: 2024-12-30
Shares Validly Tendered: 281160.162
Percentage Of Total Shares Outstanding: less than 1%
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