The lift in committed capacity, paired with a higher accordion ceiling, gives the direct-lending vehicle additional firepower as its equity raise continues.

June 30, 2026

Barings Private Credit Corporation has enlarged its principal bank line, increasing committed capacity by tens of millions of dollars and raising the ceiling on potential future expansion.

On June 24, 2026, the Charlotte, North Carolina-based business development company entered into a first amendment to its amended and restated senior secured revolving credit agreement with Sumitomo Mitsui Banking Corporation (SMBC), which serves as administrative agent. The underlying facility dates to December 23, 2025, with SMBC having acted as administrative agent, lead arranger, and sole bookrunner on the original deal.

What Changed

The amendment makes two principal adjustments to the facility:

• Committed capacity: raised from $465.0 million to $540.0 million.
• Accordion ceiling: increased to permit a total facility amount of up to $750.0 million.

The accordion provision sets a higher upper bound on borrowing the company could arrange later, subject to lender participation, rather than capital available today.

Why It Matters

For an externally managed BDC engaged in direct lending, a larger revolver is a routine but consequential lever. Committed bank capacity funds new investments between equity inflows and lets the vehicle manage the timing gap between deploying capital and raising it. The expanded line arrives as Barings Private Credit continues its continuous private offering, which had drawn roughly $2.99 billion in subscriptions toward a $4.5 billion cap as of its most recent disclosure.

The company noted that its description of the amendment is a summary qualified by the full agreement, which was provided as an exhibit. The disclosure was signed by Elizabeth A. Murray, the company’s Chief Financial Officer and Chief Operating Officer.