{"url_path":"/sec/bbdc/8-k/2026-06-01/item-1-02","section_key":"item-1-02","section_title":"Item 1.02 Termination of a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1379785/0001379785-26-000024-index.html","accession_number":"0001379785-26-000024","cik":"0001379785","ticker":"BBDC","issuer_name":"Barings BDC, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1379785/0001379785-26-000024-index.html","primary_entity_key":"0001379785","primary_entity_name":"Barings BDC, Inc."},"word_count":272,"has_tables":true,"body_markdown":"Item 1.02.    Termination of a Material Definitive Agreement.\n\nTermination of Sierra Credit Support Agreement\n\nOn May 29, 2026, the Company entered into the Termination and Cancellation Agreement (the “Termination Agreement”) with the Adviser to terminate all rights and obligations under the Prior CSA in exchange for the Adviser’s cash payment, on or before June 30, 2026, of $67,027,611 to the Company, with respect to all investments covered by the Prior CSA that (i) had been realized (e.g., sold, matured, written-off, etc.) for financial reporting purposes as of May 29, 2026, (ii) had a\n\nfair value of $500,000 or less as of May 29, 2026 (treating them as if they had a fair value of zero) or (iii) were in an unrealized loss position as of May 29, 2026 (with the cash payment equaling the amount of the aggregate unrealized losses recorded). The cash payment fully satisfies the credit support obligation for those investments (or, in the case of investments in an unrealized loss position, the unrealized loss portions thereof) under the Prior CSA. In addition, because the cash payment to be made by the Adviser in connection with the termination of the Prior CSA only covers the unrealized losses on the investments previously covered by the Prior CSA that were in an unrealized loss position as of the date of the Termination Agreement, the remaining fair value of such investments are covered by the New CSA discussed in Item 1.01 above.\n\nThe foregoing description of the Termination Agreement is qualified in its entirety by reference to the Termination Agreement, which is filed as Exhibit 10.1 hereto and is incorporated by reference herein."}