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EX - 99.1 2 tm2131822d1 ex99-1.htm EXHIBIT 99.1 BainCapital CREDIT 2025-07-16 , 10:32 Exhibit 99.1 Bain Capital Specialty Finance , Inc. Bain Capital Specialty Finance , Inc. Announces September 30 , 2021 Financial Results and Declares Fourth Quarter 2021 Dividend of $ 0.34 per Share BOSTON - November 3 , 2021 - Bain Capital Specialty Finance , Inc. ( NYSE : BCSF , the " Company " , " our " or " we " ) today announced financial results for the third quarter ended September 30 , 2021 , and that its Board of Directors has declared a dividend of $ 0.34 per share for the fourth quarter of 2021 . " Our positive third quarter earnings results were driven by higher interest income and continued stable credit quality across our diversified portfolio , " said Michael Ewald , Chief Executive Officer of BCSF . " We also had a strong quarter of new origination activity , demonstrating the strength of Bain Capital Credit's Private Credit Group in sourcing compelling new investment opportunities in the middle market . " QUARTERLY HIGHLIGHTS Net investment income per share was $ 0.34 , as compared to $ 0.34 for the quarter ended June 30 , 2021 ; Net income per share was $ 0.36 , as compared to $ 0.66 for the quarter ended June 30 , 2021 ; Net asset value per share as of September 30 , 2021 was $ 17.03 , as compared to $ 17.01 as of June 30 , 2021 ; Gross and net investment fundings were $ 286.4 million and $ 31.5 million , respectively . Ending debt - to - equity ( net of cash ) ratio was 1.15x , as compared to 1.12x as of June 30 , 2021 ; No investments were on non - accrual status as of September 30 , 2021 ; Subsequent to quarter - end , the Company's Board of Directors declared a dividend of $ 0.34 per share for the fourth quarter of 2021 payable to stockholders of record as of December 31 , 2021 ( ¹ ) ; and On October 13 , 2021 , the Company closed an offering of $ 300.0 million aggregate principal amount of 2.55 % unsecured notes due 2026. The net proceeds of the offering were primarily used to pay down debt under the Company's revolving credit facilities . SELECTED FINANCIAL HIGHLIGHTS ( $ in millions , unless otherwise noted ) Net investment income per share Net investment income Earnings per share Dividends per share declared and payable ( $ in millions , unless otherwise noted ) Total fair value of investments Total assets Total net assets Net asset value per share https://www.sec.gov/Archives/edgar/data/1655050/000110465921133747/tm2131822d1_ex99-1.htm Q3 2021 Q2 2021 SSSS $ 0.34 $ 0.34 $ 21.8 $ 21.9 $ 0.36 $ 0.66 $ 0.34 $ 0.34 As of September 30 , As of 2021 June 30 , 2021 $ 2,356.7 $ 2,319.5 $ 2,498.7 $ 2,449.3 $ 1,099.7 $ 1,098.3 $ 17.03 $ 17.01 Page 1 of 10