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Dec 31, 2020
Barings BDC Q4 2020 Earnings Report
Reported strong net earning-asset growth and stable credit quality.
Key Takeaways
Barings BDC reported total investment income of $19.9 million, net investment income of $9.2 million, or $0.19 per share, and a net increase in net assets resulting from operations of $22.8 million, or $0.46 per share. Net asset value ("NAV") per share as of December 31, 2020 was $10.99.
Experienced strong net earning-asset growth and stable credit quality in Q4 2020.
Completed the rotation out of its initial broadly syndicated loan portfolio.
Completed acquisition of MVC and onboarded approximately $185 million of investments.
Originations in new middle-market investment commitments were $528 million.
Forward Guidance
Company continues to further diversify its underlying asset base across its wide frame of investment reference and deploy capital into attractive, global middle-market and cross-platform investments.
Positive Outlook
- Continued earning-asset growth.
- Income contribution from the MVC acquisition.
- Deployment of capital into attractive investments.
- Further diversification of its underlying asset base.
- Opportunity for earnings and NAV expansion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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