Crescent Capital BDC, Inc. (CCAP) Form 8-K — May 27, 2026
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%.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 2
- Maturity Date
- May 21, 2031
- Spread increase
- 0.05%
- Notes repaid amount
- $111.6 million
- Facility size increase
- $100 million
- Non usage fee reduction
- 0.15%
- Senior notes tranche c rate
- 5.97%
- Reinvestment period extension
- May 21, 2029
- Senior notes tranche c amount
- $50 million
- Senior notes tranche c maturity
- May 22, 2029
Price after filing
Close on the filing date to close N calendar days later (from $11.38). Historical, not a forecast.
AI analysis
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