Bain Capital Specialty Finance files registration statement for IPO
Bain Capital Specialty Finance (BCSF), a business development company managed by an affiliate of Bain Capital, LP, has filed a registration statement with the Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
BCSF is expected to list its common stock on the New York Stock Exchange under the symbol BCSF. The completion of the proposed offering depends upon several factors, including market and other conditions.
BCSF expects to use substantially all of the proceeds from this offering, net of expenses, to repay a portion of its outstanding indebtedness. BCSF intends to use any remaining proceeds to make investments in accordance with its investment objectives and strategies and for general corporate purposes.
BofA Merrill Lynch, Goldman Sachs & Co. LLC, Morgan Stanley, Citigroup, Credit Suisse, Keefe, Bruyette & Woods, a Stifel Company, and Wells Fargo Securities are acting as joint book-running managers for the offering and Janney Montgomery Scott, JMP Securities and Academy Securities are acting as co-managers for the offering.