UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): November 29, 2017

 


 

BAIN CAPITAL SPECIALTY FINANCE, INC.

(Exact name of Registrant as Specified in Its Charter)

 


 

DELAWARE

 

814-01175

 

81-2878769

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

200 CLARENDON STREET, 37TH FLOOR, BOSTON, MA

 

02116

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (617) 516-2000

 

 

(Former Name or Former Address, if Changed Since Last Report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o

 

 

 



 

Item 8.01.             Other Events.

 

Bain Capital Specialty Finance, Inc. (the “Company”) has established a joint venture with Antares Capital LP (“Antares”) to provide first lien unitranche loans to private equity backed middle-market companies in North America.  Antares is a leading credit manager and provider of financing solutions for middle-market, private-equity backed transactions.  The joint venture is called Antares Bain Capital Complete Financing Solution LLC (“ABCS”) and is expected to serve as the Company’s primary vehicle for providing unitranche loans.  On November 29, 2017, the Company completed the initial funding of ABCS with a purchase of loans that were part of Antares’ former unitranche platform, the Middle Market Growth Program, as well as the provision of loans to new borrowers.  The Company initially invested $182 million in 14 different borrowers and related revolving credit facilities as part of this transaction.  Portfolio decisions, including providing new loans, and all other decisions in respect of ABCS must be approved by representatives of the Company and Antares.  In addition to unitranche investments, the joint venture partners will also seek to collaborate on providing other senior secured loans to middle-market companies.

 

FORWARD-LOOKING STATEMENTS

 

Certain information contained herein may constitute “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “seek,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” “target,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the control of the Company and are difficult to predict, that could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in the Company’s filings with the Securities and Exchange Commission. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date made. The Company does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, Bain Capital Specialty Finance, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

BAIN CAPITAL SPECIALTY FINANCE, INC.

 

 

 

 

 

 

Date: December 1, 2017

By:

/s/ Ranesh Ramanathan

 

 

Name:

Ranesh Ramanathan

 

 

Title:

Secretary

 

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