Bain Capital Specialty Finance, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:27 pm EDT
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Bain Capital Specialty Finance, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 75.72 million compared to USD 52.36 million a year ago. Net income was USD 29.17 million compared to USD 17.23 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.27 a year ago.
For the six months, revenue was USD 150.45 million compared to USD 98.38 million a year ago. Net income was USD 58.46 million compared to USD 50.91 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 0.79 a year ago.
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Its primary focus is capitalizing on opportunities within Bain Capital Creditâs Senior Direct Lending Strategy, which seeks to provide risk-adjusted returns and current income to investors by investing in middle-market companies with between $10 million and $150 million in annual earnings before interest, taxes, depreciation and amortization. It is focused on senior investments with a first or second lien on collateral and strong structures and documentation intended to protect the lender. It is managed by BCSF Advisors, LP.
BAIN CAPITAL SPECIALTY FINANCE, INC. 
