Sullivan Represents Sierra Income Corporation and Its Special Committee in Merger with Barings BDC, Inc.
Boston, MA – Sullivan announced today that it is representing Sierra Income Corporation ("Sierra"), a non-traded business development company, and a special committee comprised of all of Sierra's independent directors, in Sierra's merger with Barings BDC, Inc., a publicly traded, externally managed business development company.
The combined company, which will remain externally managed by Barings LLC, is expected to have approximately $2.2 billion of investments on a pro forma basis. The transaction is currently expected to close in the first quarter of 2022.
The Sullivan team included David Leahy, David Mahaffey, Bill Curry, John Chilton and Avi Rao.
Complete details of the deal are available in the company’s press release here.
Sullivan & Worcester (Sullivan) is a leading AmLaw 200 law firm with over 200 attorneys in Boston, London, New York, Tel Aviv and Washington, DC. Sullivan’s clients, including Fortune 500 companies and emerging businesses, rely on Sullivan’s strategic vision, comfort with complexity and intense focus on results. As a global law firm, Sullivan’s reach extends beyond the United States. Sullivan has represented clients around the world and has a deep bench for working on a variety of matters and issues affecting clients globally.