Barings BDC, Inc. (NYSE:BBDC) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET
Company Participants
Eric Lloyd - Chairman and Chief Executive Officer
Ian Fowler - Co-Head of Global Private Finance and President of Barings BDC
Elizabeth Murray - Chief Financial Officer and Chief Operating Officer
Bryan High - Head of Capital Solutions and Co-Portfolio Manager
Conference Call Participants
Finian O'Shea - Wells Fargo
Casey Alexander - Compass Point
Sean-Paul Adams - Raymond James
Paul Johnson - KBW
Operator
At this time, I would like to welcome everyone to the Barings BDC Incorporated Conference Call for the Quarter ended March 31st, 2023. All participants are in a listen-only mode. A question-and-answer session will follow the company's formal remarks. Today's call is being recorded and a replay will be available two hours after the conclusion of the call on the company's website at www.baringsbdc.com under the Investor Relations section.
Please note that this call may contain forward-looking statements that include statements regarding the company's goals, beliefs, strategies, future operating results and cash flows. Although the company believes these statements are reasonable, actual results could differ materially from those projected in the forward-looking statements.
These statements are based on various underlying assumptions and are subject to numerous uncertainties and risks, including those disclosed under the sections titled Risk Factors and forward-looking statements in the company's quarterly report on Form 10-Q for the quarter ended March 31st, 2023 as filed with the Securities and Exchange Commission. Barings BDC undertakes no obligation to update or revise any forward-looking statements unless required by law.
At this time, I would like to turn the call over to Eric Lloyd, Chief Executive Officer of Barings BDC.
Eric Lloyd
Thank you, operator, and good morning, everyone. We appreciate you joining us for today's call. Please note that throughout today's call, we'll be referring to our first quarter 2023 earnings presentation that is posted on the Investor Relations section of our website.
On the call today, I'm joined by Barings Co-Head of Global Private Finance and President of Barings BDC, Ian Fowler; Barings Head of Capital Solutions and Co-Portfolio Manager, Bryan High; and the BDC's Chief Financial Officer, Elizabeth Murray.
During today's call Ian, Bryan and Elizabeth will review details of our portfolio and first quarter results in a moment, but I'll start off with some high level comments about the quarter. Let's begin with the market backdrop shown on slide five of the presentation. The continued increase in base rates has contributed to elevated volatility in BDC share prices and it's clear that investors remain concerned about rates, inflation and economic weakness.