SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
Securities Exchange Act of 1934
Date of report (Date of earliest event
reported): August 14, 2020
BAIN CAPITAL SPECIALTY FINANCE, INC.
(Exact name of Registrant as Specified
in Its Charter)
(State or Other Jurisdiction
Clarendon Street, 37th Floor, Boston, MA
(Address of Principal Executive Offices)
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:
||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
||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 ¨
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. ¨
Securities registered pursuant to Section 12(b) of
|Title of each class
||Name of each exchange on which registered|
|Common Stock, $.001 par value
||New York Stock Exchange|
Item 1.01. Entry into a Material Definitive Agreement.
Bain Capital Specialty Finance, Inc.
(NYSE: BCSF, the “Company”, “our” or “we”) currently serves (among other roles) as investment
manager to its subsidiary, BCSF I, LLC, as Borrower pursuant to a credit agreement initially entered into October 4, 2017
(the “Original Credit Facility”) between (among other parties) BCSF I, LLC as Borrower, Goldman Sachs Bank USA, as
Sole Lead Arranger, Syndication Agent and Administrative Agent, and U.S. Bank National Association as Collateral Administrator,
Collateral Agent and Collateral Custodian (collectively, the “Parties”). On January 8, 2020, the Parties
entered into the first amended and restated credit agreement, which amended and restated the terms of the Original Credit Facility.
On March 31, 2020 and May 27, 2020, the Parties entered into Omnibus Amendment No. 1 and Amendment No. 2, respectively,
which amended and restated the first amended and restated credit agreement (collectively, the “ Existing Credit Facility”).
On August 14, 2020, the Parties entered into the second amended and restated credit agreement and the third amended and restated
margining agreement (collectively, the “Amendment”), which amended and restated the terms of the Existing Credit Facility
(the “Amended and Restated Credit Facility”).
The Amendment amends the Existing Credit
Facility to, among other things, (i) decrease the financing limit under the Existing Credit Facility from $500 million to
$425 million, (ii) decrease the interest rate on financing from 3.25% per annum to 3.00% per annum, and (iii) provide enhanced
flexibility to contribute and borrow against revolving and delayed draw loans and modify certain other terms relating to collaterals.
The description above is only a summary
of the material provisions of the Amended and Restated Credit Facility and is qualified in its entirety by reference to a copy
of the Amended and Restated Credit Facility, which will be filed with the Company’s Quarterly Report on Form 10-Q for
the quarter ending September 30, 2020.
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
||BAIN CAPITAL SPECIALTY FINANCE, INC.|
|Date: August 17, 2020
||/s/ Michael Treisman|
||Name: Michael Treisman|