Bain Capital Private Credit 8-K

What Happened
Bain Capital Private Credit filed an 8-K on January 27, 2026 disclosing a regular distribution and updated portfolio and balance-sheet metrics as of December 31, 2025. The Fund declared a gross distribution of $0.1875 per Class I share payable on or about February 27, 2026 to holders of record on January 30, 2026 (cash or reinvestment available). The filing also reports the Fund’s December 31, 2025 NAV per Class I share of $25.98 and provides portfolio composition, leverage and offering status details.

Key Details

• Distribution: $0.1875 gross / $0.1875 net per Class I share; record date Jan 30, 2026; payment ~Feb 27, 2026; reinvestment plan available.
• NAV & balance sheet (12/31/2025): NAV per Class I share $25.98; aggregate NAV $926.7M; investment portfolio fair value $1,681.3M; principal debt outstanding $792.7M.
• Leverage & portfolio mix: debt-to-equity ≈ 0.86x (net debt-to-equity ≈ 0.81x); portfolio spans 151 companies in 26 industries; by fair value 88% first‑lien senior secured debt, 6% subordinated debt, 92% of debt investments are floating rate.
• Offering status: continuous public offering up to $2.0B; through Jan 1, 2026 the Fund issued 38,074,900 Class I shares for total consideration of $974.2M.

Why It Matters
The declared distribution provides near-term cash (or reinvestment) to shareholders and signals ongoing income generation. The NAV, portfolio composition and leverage metrics give investors concrete measures of the Fund’s size, capitalization and credit focus—notably a heavy weighting to first‑lien senior secured and floating‑rate debt, which affects income characteristics and risk exposure. The offering progress (≈$974M raised of a $2.0B program) shows the Fund is actively raising capital for further investment.