Financial Performance - Barings BDC's net asset value (NAV) per share remained flat at $11.29 as of March 31, 2025, compared to December 31, 2024[22] - The company declared a second quarter 2025 regular dividend of $0.26 per share, along with a previously declared special dividend of $0.05 per share[22] - Net investment income for the quarter ended March 31, 2025, was $0.25 per share[22] - Total investment income for 1Q 2025 was $64.4 million[24] Portfolio Composition and Activity - Total originations during the quarter were $207 million, while sales and repayments totaled $106 million, resulting in net originations of $101 million[22] - The weighted-average portfolio yield as of March 31, 2025, was 10.1%[22] - As of March 31, 2025, non-accrual investments represented 0.6% of the total portfolio at fair value[22] - Secured debt accounted for 74% of the portfolio, with 89% being floating rate[27] - First lien investments represent 71% of the portfolio[27] - The top 10 issuers account for 23% of the investment portfolio[30] Credit Support Agreements - Barings LLC will make a $23 million payment by June 30, 2025, related to the MVC CSA termination, equating to a $0.04/share increase in NAV compared to December 2024 valuation[52]