 Barings BDC, Inc. NYSE: BBDC Barings BDC and MVC Capital, Inc. NYSE: MVC MVC Capital announced today that they have entered into a definitive merger agreement under which MVC Capital will merge with and into Barings BDC the Transaction. The combined company, which will remain externally managed by Barings LLC, is expected to have more than 1.2 billion of investments on a pro forma basis. The boards of directors of both companies, the MVC Capital Strategic Review Committee, the independent directors of MVC Capital and the independent directors of Barings BDC have unanimously approved the Transaction, which is expected to close in the fourth quarter of 2020. 