Barings Private Credit Corp.
09/24/2024 | Press release | Distributed by Public on 09/24/2024 10:02
Private Placement Form 8 K
Item 3.02. Unregistered Sales of Equity Securities.
On September 3, 2024 and September 4, 2024, Barings Private Credit Corporation (the "Company") sold an aggregate of 1,395,320.597 unregistered shares (the "Sold Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), (with the number of Sold Shares issued being determined on September 24, 2024) pursuant to subscription agreements entered into with the participating investors for aggregate consideration of approximately $29.1 million.
The offer and sale of the Sold Shares were exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof and Regulation D thereunder and/or Regulation S under the Securities Act (the "Private Offering").
The per share price at which the Company issued the Sold Shares was determined in accordance with Section 23 of the Investment Company Act of 1940, as amended.