trending Market Intelligence /marketintelligence/en/news-insights/trending/x8ewdmwlzno7ztaifrh0rq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Barings BDC announces preliminary results of tender offer

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Barings BDC announces preliminary results of tender offer

Barings BDC Inc. announced the preliminary results of its modified Dutch auction tender offer for an aggregate purchase price of not more than $50 million of its common shares.

The offer expired at 5 p.m. ET on Sept. 6.

Based on the preliminary results reported by Computershare Trust Co. NA, the depositary for the offer, a total of 5,652,972 shares were properly tendered and not properly withdrawn at the purchase price of $10.20 per share, including 1,441,588 shares tendered through notice of guaranteed delivery.

Barings expects to purchase approximately 86.7% of the shares tendered at $10.20 per share, representing an aggregate of approximately $50 million.

Final results of the tender offer are expected to be released on or around Sept. 11.