Barings BDC, Inc. (NYSE:BBDC) Q3 2022 Earnings Conference Call November 11, 2022 9:00 AM ET

Company Participants

Jonathan Bock - Chief Executive Officer

Ian Fowler - Co-Head-Global Private Finance and President

Bryan High - Head-Capital Solutions and Co-Portfolio Manager

Jonathan Landsberg - Chief Financial Officer

Conference Call Participants

Finian O’Shea - Wells Fargo

Kyle Joseph - Jefferies

Ryan Lynch - KBW

Casey Alexander - Compass Point

Operator

At this time, I would like to welcome everyone to the Barings BDC, Inc. Conference Call for the Quarter Ended September 30, 2022. All participants are in a listen-only mode. [Operator Instructions] Today’s call is being recorded, and a replay will be available approximately 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 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 annual report on Form 10-K for the fiscal year ended December 31, 2021, and two quarterly reports on Form 10-Q for the quarter ended September 30, 2022. Each 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 will turn the call over to Jonathan Bock, Chief Executive Officer of Barings BDC. Please go ahead, sir.

Jonathan Bock

Thank you, operator. And good morning, everyone. We appreciate you joining us for today’s call. And please note that throughout today’s call, we’ll be referring to our third quarter 2022 earnings presentation that’s posted on the Investor Relations section of our website.

I’m on the call today 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, Jonathan Landsberg. And as is customary, Ian, Bryan, Jonathan and I will review details of our portfolio and third quarter results in a moment, and I’d like to start off with some high-level comments on the quarter.

Let’s begin with the market backdrop shown on Slide 5 of the presentation. In a market where the unprecedented pace of interest rate hikes elevates volatility in both leveraged loans and BDC equity Barings BDC continue to generate consistent, stable economic results.