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.
Complete details of the deal are available in the company’s press release here.
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