Barings(US:BBDC)2023-11-10 13:26Financial Performance - Barings BDC's net asset value (NAV) decreased to $11.25 per share as of September 30, 2023, compared to $11.34 as of June 30, 2023[12] - The company's net investment income for the third quarter of 2023 was $0.31 per share[12] - A fourth quarter dividend of $0.26 per share was approved, matching the third quarter dividend[12] - Total investment income was $70.8 million for 3Q 2023, compared to $75.3 million for 2Q 2023[13] - Net investment income after taxes was $33.309 million for 3Q 2023, compared to $33.624 million for 2Q 2023[40] Portfolio & Investment Activity - Total originations during the quarter were $138 million, while sales and repayments totaled $104 million, resulting in net deployments of $34 million[12] - The weighted-average portfolio yield as of September 30, 2023, was 11.2%[12] - The investment portfolio's fair value was $2,521.6 million as of 3Q 2023[13] - Non-accruals represented 1.6% of the total portfolio at fair value[12] - Sponsored and Non-Sponsored corporate issuers accounted for 83% of the BBDC portfolio as of September 30, 2023[20] Debt & Leverage - Total debt outstanding (principal) was $1,521.1 million as of 3Q 2023[13] - The debt-to-equity ratio was 1.27x, and the net debt-to-equity ratio was 1.18x as of September 30, 2023[13]