SEC Contract Filing

Filing Date: 2024-08-07

Document Content:
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<TYPE>EX-10.1
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<FILENAME>exhibit101amendmentno5.htm
<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">Exhibit 10.1 63541748.7 AMENDMENT NO. 5 TO SENIOR SECURED REVOLVING CREDIT AGREEMENT (BENCHMARK REPLACEMENT AMENDMENT) This AMENDMENT NO. 5 (this &#8220;Amendment&#8221;) dated as of July 2, 2024, and effective as of the Amendment No. 5 Effective Date (as defined below) by and between BARINGS BDC, INC., a Maryland corporation (the &#8220;Borrower&#8221;), ING CAPITAL LLC, as administrative agent for the Lenders (as defined below) under the Credit Agreement (in such capacity, together with its successors in such capacity, the &#8220;Administrative Agent&#8221;), is made with respect to the Senior Secured Revolving Credit Agreement, dated as of February 21, 2019 (as amended by the Amendment No. 1 to Senior Secured Revolving Credit Agreement, dated as of December 3, 2019, the Amendment No. 2 to Senior Secured Revolving Credit Agreement, dated as of December 29, 2021, the Amendment No. 3 to Senior Secured Revolving Credit Agreement, dated as of February 25, 2022, the Amendment No. 4 to Senior Secured Revolving Credit Agreement, dated as of May 9, 2023, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the &#8220;Credit Agreement&#8221;), among the Borrower, the several banks and other financial institutions or entities from time to time party to the Credit Agreement as lenders (the &#8220;Lenders&#8221;) and the Administrative Agent. Unless otherwise specified, capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (as amended hereby). W I T N E S S E T H: WHEREAS, pursuant to Article II of the Credit Agreement, the Borrower may request that the Multicurrency Lenders make, and the Issuing Bank issue, in each case under the Multicurrency Commitments, Loans and Letters of Credit denominated in Canadian Dollars which, upon the making or issuance thereof, as applicable, incur interest, fees, commissions or other amounts based on the Canadian Dollar Offered Rate (&#8220;CDOR&#8221;) in accordance with the terms of the Credit Agreement; WHEREAS, with respect to Loans and Letters of Credit denominated in Canadian Dollars, the Administrative Agent and the Borrower have jointly elected to trigger a fallback from CDOR pursuant to an Early Opt-In Election (as defined in the Credit Agreement, the &#8220;CORRA Early Opt-In Election&#8221;) in accordance with Section 2.12(d) of the Credit Agreement; WHEREAS, the Administrative Agent and the Borrower have selected a CORRA- based rate as Benchmark Replacement (as defined in the Credit Agreement) for CDOR in respect of all Available Tenors for Loans and Letters of Credit denominated in Canadian Dollars and, pursuant to Section 2.12(d)(ii) of the Credit Agreement, such Benchmark Replacement, together with any related Benchmark Replacement Conforming Changes (as defined in the Credit Agreement), shall become effective at 5:00 p.m., New York City time, on the fifth (5th) Business Day (the &#8220;CORRA Objection Deadline&#8221;) after the day on which a draft of this Amendment is posted to all Lenders so long as the Administrative Agent has not received, by the CORRA Objection Deadline, written notice of objection to the CORRA Early Opt-In Election from Lenders comprising the Required Lenders. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 2 NOW THEREFORE, in consideration of the promises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: SECTION I AMENDMENTS TO CREDIT AGREEMENT Effective as of the Amendment No. 5 Effective Date, and subject to the terms and conditions set forth below, the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text or stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text or double-underline text) as set forth in the Credit Agreement attached hereto as Exhibit A. SECTION II MISCELLANEOUS 2.1. Conditions to Effectiveness of Amendment. This Amendment shall become effective on and as of the date (the &#8220;Amendment No. 5 Effective Date&#8221;) on which the Borrower has satisfied each of the following conditions precedent (unless a condition shall have been waived in accordance with Section 9.02 of the Credit Agreement): (a) Executed Counterparts. The Administrative Agent shall have received from each party hereto either (1) a counterpart of this Amendment signed on behalf of such party or (2) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission or electronic mail of a signed signature page to this Amendment) that such party has signed a counterpart of this Amendment. (b) No Required Lender Objection. The Administrative Agent shall have not received, by the CORRA Objection Deadline, written notice of objection to the CORRA Early Opt-In Election from Lenders comprising the Required Lenders. The contemporaneous exchange and release of executed signature pages by each of the Persons contemplated to be a