The amended credit line pairs a lower borrowing margin with a three-year suite of date extensions, while a separate SMBC revolver also grew.

July 7, 2026

Bain Capital Private Credit has secured a significant expansion of its JPMorgan Chase-agented financing, boosting the maximum size of the facility from $250 million to $400 million while locking in cheaper pricing and a longer runway.

Amended JPMorgan Facility

The changes came through a second amendment, effective June 30, 2026, to a loan and security agreement originally struck in August 2024 between JPMorgan and BCPC II-J, LLC, a wholly owned financing subsidiary of the fund. Deutsche Bank National Trust Company serves as collateral agent, collateral administrator, and securities intermediary on the facility.

Key terms of the amendment include:

• Facility size: increased from $250 million to $400 million, with a new accordion feature permitting growth to as much as $450 million if certain conditions are met
• Pricing: applicable margin on advances reduced from 2.25% to 2.10% per annum
• Non-call period: extended from February 21, 2026 to February 21, 2027
• Reinvestment period: extended from August 21, 2027 to August 21, 2028
• Stated maturity: extended from August 21, 2029 to August 21, 2030

The fund agreed to pay certain fees to JPMorgan in connection with the changes, and the remaining terms of the agreement were left materially intact.

SMBC Revolver Also Upsized

Separately, and on the same day, the fund increased total commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation from $650 million to $675 million, with all other terms unchanged.

Added Capacity for a Growing Portfolio

The dual moves add meaningful borrowing capacity for the perpetual-life credit fund, which reported an investment portfolio of roughly $1.8 billion at fair value and about $1.05 billion in principal debt outstanding as of March 31, 2026. The lower margin and extended maturities suggest lenders were willing to compete on terms for the fund’s business, giving it added flexibility to keep deploying capital into its predominantly first lien, floating-rate portfolio.