Crescent Capital BDC, Inc.

CCAP: 10-Q · material agreement

Crescent Capital BDC, Inc. filed its Form 10-Q for the quarter ended June 30, 2026 on August 10, 2026. The key substantive disclosure is an Amended and Restated Investment Advisory Agreement with its adviser, Crescent Cap Advisors, LLC, dated May 7, 2026, which replaces the January 5, 2021 agreement in its entirety. Effective April 1, 2026, the adviser earns a base management fee of 1.00% per year on gross assets, including assets purchased with leverage but excluding cash, plus an incentive fee: 100% of pre-incentive fee net investment income between a 1.75% quarterly (7.00% annualized) hurdle and 2.0588% per quarter, 15.0% of income above that level, and a 15.0% capital gains fee on cumulative realized gains net of losses and unrealized depreciation. The agreement runs through March 31, 2027 with annual renewals subject to board and independent director approval, and either party may terminate on 60 days' written notice. Absent adviser consent, termination requires the company to immediately delete the term 'Crescent' from its corporate name. CEO Jason A. Breaux and CFO Gerhard Lombard signed the standard Section 302 and Section 906 certifications covering the quarter, with no disclosed control weaknesses or anomalies in the exhibit text.

SEC 10-Q•2mo ago

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2026 Financial Results

Crescent Capital BDC announced it will release its financial results for the second quarter ended June 30, 2026, after the market close on August 10, 2026. The company scheduled a conference call to discuss these results for Tuesday, August 11, 2026, at 12:00 p.m. Eastern Time. Investors can access the live webcast via the Investor Relations section of the Crescent BDC website or by dialing (833) 461-5787 with Conference ID 675449280.

•3mo ago

CCAP: 8-K · debt financing

Crescent Capital BDC, Inc. (CCAP) entered into the Ninth Amendment to its Loan and Security Agreement with Wells Fargo Bank, increasing its revolving credit facility from $400 million to $500 million. The amendment extends the facility maturity to May 2031 and the reinvestment period to May 2029, while slightly increasing the interest spread from 1.95% to 2.00% and reducing the non-usage fee from 0.50% to 0.35%. The company also completed the issuance of $50 million in senior unsecured notes (Tranche C) due May 2029 at a fixed rate of 5.97%. Proceeds from this issuance, along with other capital, were used to fully repay $111.6 million of its existing 5.00% unsecured notes, effectively refinancing a portion of its debt portfolio.

SEC 8-K•4mo ago

CCAP: 8-K · proxy statement

Crescent Capital BDC, Inc. reported the voting results from its 2026 Annual Meeting of Stockholders held on May 15, 2026. Stockholders elected Susan Yun Lee and Michael S. Segal as Class II Directors, with both nominees receiving strong support from the 36.9 million shares outstanding. Shareholders also ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with over 26.5 million votes in favor.

SEC 8-K•5mo ago

Crescent Capital BDC, Inc. Reports First Quarter 2026 Earnings Results; Declares a Second Quarter Base Dividend of $0.34 Per Share and Series of Special Dividends

Crescent Capital BDC, Inc. reported net investment income of $0.42 per share for the quarter ended March 31, 2026, but net income was ($0.42) per share due to realized and unrealized losses. The company declared a second quarter regular cash dividend of $0.34 per share, payable on July 15, 2026, and a series of special cash dividends totaling $0.09 per share, to be paid in three equal quarterly installments of $0.03 per share. Crescent BDC reduced its fee structure, lowering the base management fee from 1.25% to 1.00% and the incentive fee from 17.5% to 15.0%, effective April 1, 2026, to further align interests with shareholders.

•5mo ago

CCAP: 10-Q · amendment

Crescent Capital BDC, Inc. has amended and restated its investment advisory agreement with Crescent Cap Advisors, LLC, effective as of May 7, 2026. The new agreement replaces the prior agreement and outlines the duties and responsibilities of the Advisor, including managing the investment and reinvestment of the Company's assets. The agreement specifies that the Advisor will be compensated with a Base Management Fee of 1.00% of the gross assets of the Company, excluding cash and cash equivalents, and an Incentive Fee consisting of an income-based and a capital gains-based component. The income-based fee is calculated quarterly, with a hurdle rate of 1.75% per quarter (7.00% annualized). The agreement also includes provisions for the Advisor to engage in sub-advisory agreements and to vote proxies in the best interest of the Company. The Advisor is not liable for any actions taken or omitted in good faith, and the Company will indemnify the Advisor against any related damages or expenses.

SEC 10-Q•5mo ago