Joe Mazzoli
Head of Investor Relations
Replay available
Barings BDC, Inc. (NYSE: BBDC) Q4 2025 earnings conference call, held 2026-02-20. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
President
Chief Financial Officer
Analyst, Wells Fargo Securities
Analyst, Compass Point
Analyst, Raymond James
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WEBVTT 00:00:00.031 -- 00:00:03.394 At this time, I'd like to welcome everyone to the Barings BDC Inc. 00:00:03.394 -- 00:00:08.658 conference call for the quarter and year ended December 31st, 2025. 00:00:08.940 -- 00:00:13.305 All participants are in listen-only mode. A question and answer session will follow the 00:00:13.305 -- 00:00:17.789 company's formal remarks. If you'd like to be placed in the question queue, you may press 00:00:17.789 -- 00:00:23.295 star 1 at any time. Today's call is being recorded and a replay will be available approximately 00:00:23.295 -- 00:00:28.600 two hours after the conclusion of the call on the company's website at www. 00:00:28.600 -- 00:00:33.786 on the investor relations section. At this 00:00:33.786 -- 00:00:38.090 time, I'll turn the call over to Joe Mazzoli, Head of Investor Relations for Barings 00:00:38.090 -- 00:00:39.552 BDC. 00:00:39.552 -- 00:00:45.058 Please note that this call may contain forward-looking statements that include statements 00:00:45.058 -- 00:00:50.404 regarding the company's goals, beliefs, strategies, future operating 00:00:50.404 -- 00:00:56.410 results, and cash flows. Although the company believes these statements are reasonable, 00:00:56.410 -- 00:01:01.857 actual results could differ materially from those projected in forward-looking 00:01:01.857 -- 00:01:07.103 statements. These statements are based on various underlying assumptions that are 00:01:07.103 -- 00:01:12.831 subject to numerous uncertainties and risks, including those 00:01:12.831 -- 00:01:18.037 disclosed under the sections titled Risk Factors and Forward-Looking 00:01:18.037 -- 00:01:23.103 Statements. In the company's annual report on Form 10-K for 00:01:23.103 -- 00:01:27.153 the fiscal year ended, December 31st, 2025, 00:01:27...