BCSF

EX-99.1

3 bcsf-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc. Announces September 30, 2026 Financial Results and Declares Fourth Quarter 2026 Dividend of $0.42 per Share

BOSTON – November 9, 2026 – Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the third quarter ended September 30, 2026, and that its Board of Directors (the “Board”) has declared a dividend of $0.42 per share for the fourth quarter of 2026.

“We delivered solid third quarter results, including a 10.3% annualized NII yield on equity, and our diversified portfolio of borrowers remains healthy,” said Michael Ewald, Chief Executive Officer of BCSF. “With yields beginning to move higher as floating rate loans reset, and new deals continuing to fund at attractive spreads, we see this environment creating compelling opportunities in the core middle market. Our longstanding and disciplined strategy positions us well to capitalize on them.”

Quarterly Highlights

• Net investment income (NII) per share was $0.43, equating to an annualized NII yield on book value of 10.3%(1);

• Net income per share was $0.26, equating to an annualized return on book value of 6.2%(1);

• Net asset value per share as of September 30, 2026 was $16.49, as compared to $16.65 as of June 30, 2026;

• Gross and net investment fundings were $121.5 million and $(81.6) million, respectively; ending net debt-to-equity was 1.18x, as compared to 1.22x as of June 30, 2026(2);

• Investments on non-accrual were relatively stable quarter-over-quarter, representing 3.3% and 2.2% of the total investment portfolio at amortized cost and fair value, respectively, as of September 30, 2026;

• During the quarter, the Company increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent (the "Sumitomo Credit Facility") to $955.0 million from $855.0 million; and

• Subsequent to quarter-end, the Company’s Board of Directors declared a dividend of $0.42 per share for the fourth quarter of 2026 payable to stockholders of record as of December 15, 2026(3).

Selected Financial Highlights

($ in millions, unless otherwise noted)

Q3 2026

Q2 2026

Net investment income per share

$

0.43

$

0.44

Net investment income

$

27.7

$

28.6

Earnings per share

$

0.26

$

0.22

Regular dividends per share declared and payable

$

0.42

$

0.42

($ in millions, unless otherwise noted)

As of September 30, 2026

As of June 30, 2026

Total fair value of investments

$

2,270.3

$

2,363.6

Total assets

$

2,427.4

$

2,620.1

Total net assets

$

1,069.8

$

1,080.4

Net asset value per share

$

16.49

$

16.65

Portfolio and Investment Activity

For the three months ended September 30, 2026, the Company invested $121.5 million in 120 portfolio companies, including $47.9 million in 5 new companies and $73.6 million in 115 existing companies. The Company had $203.1 million of principal repayments and sales in the quarter, resulting in net investment fundings of $(81.6) million.

Investment Activity for the Quarter Ended September 30, 2026:

($ in millions)

Q3 2026

Q2 2026

Investment Fundings

$

121.5

$

182.0

Sales and Repayments

$

203.1

$

277.2

Net Investment Activity

$

(81.6

)

$

(95.2

)

As of September 30, 2026, the Company’s investment portfolio had a fair value of $2,270.3 million, comprised of investments in 215 portfolio companies operating across 30 different industries.

Investment Portfolio at Fair Value as of September 30, 2026:

Investment Type

$ in Millions

% of Total

First Lien Senior Secured Loan

$

1,412.7

62.3

%

Second Lien Senior Secured Loan

21.3

0.9

Subordinated Debt

90.6

4.0

Preferred Equity

177.8

7.8

Equity Interest

185.9

8.2

Warrants

0.7

0.0

Investment Vehicles

381.3

16.8

Subordinated Note in ISLP

190.7

8.4

Equity Interest in ISLP

26.7

1.2

Subordinated Note in SLP

162.1

7.1

Preferred and Equity Interest in SLP

1.8

0.1

Total

$

2,270.3

100.0

%

As of September 30, 2026, the weighted average yield on the investment portfolio at amortized cost and fair value were 11.2% and 10.7%, respectively, as compared to 10.8% and 10.4%, respectively, as of June 30, 2026(4)(5). 94.1% of the Company’s debt investments at fair value were in floating rate securities.

As of September 30, 2026, four portfolio companies were on non-accrual status, representing 3.3% and 2.2% of the total investment portfolio at amortized cost and fair value, respectively.

As of September 30, 2026, ISLP’s investment portfolio had an aggregate fair value of $696.9 million, comprised of investments in 38 portfolio companies operating across 15 different industries. The investment portfolio on a fair value basis was comprised of 93.8% first lien senior secured loans, 0.7% second lien senior secured loans and 5.5% equity interests. 100% of ISLP’s debt

EX-99.1

2 bcsf-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2026

BOSTON – October 26, 2026 – Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced it will report its financial results for the third quarter ended September 30, 2026 on Monday, November 9, 2026 after market close. Management will host a conference call on Tuesday, November 10, 2026 at 10:00 a.m. Eastern Time to discuss the Company’s financial results.

Conference Call Information

A conference call to discuss the Company’s financial results will be held live at 10:00 a.m. Eastern Time on November 10, 2026. Please visit BCSF’s webcast link located on the Events & Presentations page of the Investor Resources section of BCSF’s website at http://www.baincapitalspecialtyfinance.com for a slide presentation that complements the Earnings Conference Call.

Participants are also invited to access the conference call by dialing one of the following numbers:

• Domestic: 1-800-420-1459

• International: 1-203-518-9861

• Conference ID: BAIN

All participants will need to reference “Bain Capital Specialty Finance - Third Quarter Ended September 30, 2026 Earnings Conference Call” once connected with the operator. All participants are asked to dial-in 10-15 minutes prior to the call.

Replay Information

An archived replay will be available approximately three hours after the conference call concludes through November 24, 2026 via a webcast link located on the Investor Resources section of BCSF’s website, and via the dial-in numbers listed below:

• Domestic: 1-844-512-2921

• International: 1-412-317-6671

• Conference ID: 11162932

About Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. BCSF is managed by BCSF Advisors, LP, an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, LP. Since commencing investment operations on October 13, 2016, and through June 30, 2026, BCSF has invested approximately $10,129.6 million in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. BCSF’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. BCSF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.

Forward-Looking Statements

This letter may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this letter may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the U.S. Securities and Exchange Commission. The

Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this letter.

Investor Contact:

Katherine Schneider

Tel. (212) 803-9613

investors@baincapitalbdc.com

Media Contact:

Scott Lessne

Tel. +1 (212) 300-1800

slessne@apcoworldwide.com

Bain Capital Specialty Finance, Inc.

EX-99.1

2 bcsf-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc. Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Dividend of $0.42 per Share

BOSTON – August 10, 2026 – Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the second quarter ended June 30, 2026, and that its Board of Directors (the “Board”) has declared a dividend of $0.42 per share for the third quarter of 2026.

"BCSF delivered solid net investment income per share during the second quarter of 2026. Credit quality across our diversified portfolio remains healthy and our borrowers continue to demonstrate sound operating performance," said Michael Ewald, Chief Executive Officer of BCSF. "The current environment continues to present compelling opportunities in the core middle market and we believe BCSF is well-positioned to execute on our longstanding, disciplined strategy and deliver attractive risk-adjusted returns for our shareholders."

Quarterly Highlights

• Net investment income (NII) per share was $0.44, equating to an annualized NII yield on book value of 10.5%(1);

• Net income per share was $0.22, equating to an annualized return on book value of 5.2%(1);

• Net asset value per share as of June 30, 2026 was $16.65, as compared to $16.86 as of March 31, 2026;

• Gross and net investment fundings were $182.0 million and $(95.2) million, respectively; ending net debt-to-equity was 1.22x, as compared to 1.28x as of March 31, 2026(2);

• Investments on non-accrual represented 3.2% and 2.2% of the total investment portfolio at amortized cost and fair value, respectively, as of June 30, 2026, compared to 1.4% and 0.6% of the total investment portfolio at amortized cost and fair value, respectively, as of March 31, 2026; and

• Subsequent to quarter-end, the Company’s Board of Directors declared a dividend of $0.42 per share for the third quarter of 2026 payable to stockholders of record as of September 15, 2026(3).

Selected Financial Highlights

($ in millions, unless otherwise noted)

Q2 2026

Q1 2026

Net investment income per share

$

0.44

$

0.42

Net investment income

$

28.6

$

27.4

Earnings per share

$

0.22

$

0.05

Regular dividends per share declared and payable

$

0.42

$

0.42

($ in millions, unless otherwise noted)

As of June 30, 2026

As of March 31, 2026

Total fair value of investments

$

2,363.6

$

2,470.8

Total assets

$

2,620.1

$

2,601.7

Total net assets

$

1,080.4

$

1,093.6

Net asset value per share

$

16.65

$

16.86

Portfolio and Investment Activity

For the three months ended June 30, 2026, the Company invested $182.0 million in 99 portfolio companies, including $73.4 million in 8 new companies and $108.6 million in 91 existing companies. The Company had $277.2 million of principal repayments and sales in the quarter, resulting in net investment fundings of $(95.2) million.

Investment Activity for the Quarter Ended June 30, 2026:

($ in millions)

Q2 2026

Q1 2026

Investment Fundings

$

182.0

$

243.2

Sales and Repayments

$

(277.2)

$

(255.4)

Net Investment Activity

$

(95.2

)

$

(12.2

)

As of June 30, 2026, the Company’s investment portfolio had a fair value of $2,363.6 million, comprised of investments in 214 portfolio companies operating across 30 different industries.

Investment Portfolio at Fair Value as of June 30, 2026:

Investment Type

$ in Millions

% of Total

First Lien Senior Secured Loan

$

1,499.6

63.4

%

Second Lien Senior Secured Loan

30.1

1.3

Subordinated Debt

86.6

3.7

Preferred Equity

182.7

7.7

Equity Interest

176.8

7.5

Warrants

0.7

0.0

Investment Vehicles

387.1

16.4

Subordinated Note in ISLP

190.7

8.1

Equity Interest in ISLP

30.7

1.3

Subordinated Note in SLP

163.8

6.9

Preferred and Equity Interest in SLP

1.9

0.1

Total

$

2,363.6

100.0

%

As of June 30, 2026, the weighted average yield on the investment portfolio at amortized cost and fair value were 10.8% and 10.4%, respectively, as compared to 10.8% and 10.9%, respectively, as of March 31, 2026(4)(5). 94.5% of the Company’s debt investments at fair value were in floating rate securities.

As of June 30, 2026, four portfolio companies were on non-accrual status, representing 3.2% and 2.2% of the total investment portfolio at amortized cost and fair value, respectively.

As of June 30, 2026, ISLP’s investment portfolio had an aggregate fair value of $705.7 million, comprised of investments in 38 portfolio companies operating across 15 different industries. The investment portfolio on a fair value basis was comprised of 93.9% first lien senior secured loans, 0.7% second lien senior secured loans and 5.4% equity interests. 100% of ISLP’s debt investments at fair value were in floating rate securities.

As of June 30, 2026, SLP’s investment portfolio had an aggregate fair value of $1,587.8 million, comprised of investmen