Tender Offer - Barings Private Credit Corp
Form Type: SC TO-I/A
Filing Date: 2025-07-01
Corporate Action: Tender-offer
Type: Update
Accession Number: 000185991925000054
Filing Summary: Barings Private Credit Corporation has filed an amendment to its previously submitted Tender Offer Statement on Schedule TO, related to its offer to purchase up to 5,249,397 shares of its common stock at a price equal to the net asset value per share as of June 30, 2025. The amendment includes the results of the tender offer, which was active until June 30, 2025. A total of 2,823,860.491 shares were validly tendered and accepted for purchase, representing approximately 2.7% of the total outstanding shares as of March 31, 2025. The amendment notes the issuance of a letter to shareholders on July 1, 2025, announcing the results of the offer, with a copy filed as an exhibit.
Additional details:
Classname: barings_private_credit_corporation
Title Of Class: Common Stock, Par Value $0.001 Per Share
Cusp Number: 06763A 101
Chief Executive Officer: Bryan High
Address: 300 South Tryon Street, Suite 2500, Charlotte, North Carolina 28202
Phone Number: (704) 805-7200
Date Tender Offer First Published: 2025-06-02
Shares Validly Tendered: 2823860.491
Percentage Of Total Shares: 2.7
Expiration Time: 11:59 p.m. Eastern Time
Form Type: SC TO-I
Filing Date: 2025-06-02
Corporate Action: Tender-offer
Type: New
Accession Number: 000185991925000039
Filing Summary: Barings Private Credit Corporation has filed a Tender Offer Statement as an issuer tender offer for up to 5,249,397 shares of its common stock at the net asset value as of the valuation date, which is scheduled for June 30, 2025. This offer amounts to approximately 5% of the shares outstanding as of March 31, 2025, which totaled 104,987,948 shares. The tender offer is set to expire on June 30, 2025, unless extended. Shareholders who tender their shares will receive an acceptance letter and a promissory note for the net asset value of the tendered shares accepted by the company. The company will disburse payments for shares that are tendered in the offer and will not trade its shares publicly. Additionally, no insider officers or directors intend to tender their shares in this offer. This filing is meant to facilitate the repurchase of shares in alignment with the company's financial strategies and shareholder interests.
Additional details:
Company Name: Barings Private Credit Corporation
Class Of Securities: Common Stock
Cusip Number: 06763A 101
Total Shares Outstanding: 104987948
Tender Offer Amount: 5249397
Percentage Of Tendered Shares: 5%
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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