Crescent Capital BDC (CCAP) Company Report

Crescent Capital BDC reported net investment income of $0.45 per share for the fourth quarter ended December 31, 2025.
The board declared a quarterly cash dividend of $0.42 per share for the first quarter of 2026, payable on April 15, 2026.
Net asset value was $19.10 per share as of December 31, 2025, reflecting a decline from the prior quarter due to unrealized losses.
The company's net debt to equity was 1.20 times at year-end 2025, which is below the upper end of its target range.
Management and the board are actively reviewing options to ensure durable earnings and attractive returns, including the fee structure and base dividend level, with an update expected in May.

1 day ago

Transcript

Crescent Capital BDC Reports Q4 2025 Earnings and Declares Q1 2026 Dividend

CCAP

Earnings

Dividends

Guidance Update

Crescent Capital BDC (CCAP) reported net investment income of $0.45 per share for the fourth quarter ended December 31, 2025, a slight decrease from $0.46 in the prior quarter, and declared a quarterly cash dividend of $0.42 per share for the first quarter of 2026.
Net asset value (NAV) decreased to $19.10 per share as of December 31, 2025, from $19.28 per share as of September 30, 2025, primarily due to unrealized losses from certain portfolio companies.
The company's net investment income covered its base dividend by 107% in Q4 2025, and it holds spillover income of approximately $1.16 per share.
Non-accrual investments increased to 4.1% at cost and 2% at fair value as of December 31, 2025; however, pro forma for January 2026 activity, they would decrease to 3.2% at cost and 1.4% at fair value.
Management and the board are actively reviewing options for long-term earnings durability, including the fee structure and base dividend level, with a more comprehensive update expected in May.

1 day ago

Transcript

Crescent Capital BDC Reports Q4 2025 Earnings and Announces Strategic Review

CCAP

Earnings

Dividends

Debt Issuance

Crescent Capital BDC (CCAP) reported Q4 2025 net investment income of $0.45 per share, covering the declared Q1 2026 dividend of $0.42 per share by 107%. Net asset value (NAV) decreased to $19.10 per share as of December 31, 2025, primarily due to unrealized losses.
The company's portfolio remains highly diversified, with 91% first lien loans and 99% sponsor-backed. Non-accruals increased to 2% of debt investments at fair value by year-end, but pro forma non-accruals decreased to 1.4% at fair value in January 2026 following an exit and restructuring.
Gross deployment in Q4 2025 totaled $71 million, with net realizations of approximately $7 million. The weighted average yield on income-producing securities decreased to 10%.
CCAP proactively managed its capital structure by pricing $185 million in senior unsecured notes, extending over 90% of committed debt maturities to 2028 or later. The net debt-to-equity ratio was 1.2x, within the target range.
Management and the board are actively reviewing the fee structure and base dividend level to ensure long-term earnings durability, with an update anticipated in May 2026. No supplemental dividend will be paid for Q4 2025 due to NAV-related measurement tests.

1 day ago

Transcript

Crescent Capital BDC Reports Q4 and Full Year 2025 Earnings, Declares Q1 2026 Dividend

CCAP

Earnings

Dividends

Crescent Capital BDC reported net investment income of $0.45 per share and net income of $0.23 per share for the quarter ended December 31, 2025. For the full year ended December 31, 2025, net investment income was $1.81 per share and net income was $0.93 per share.
The company's net asset value (NAV) per share was $19.10 as of December 31, 2025.
The Board of Directors declared a first quarter 2026 regular cash dividend of $0.42 per share.
Total investments at fair value were $1,569.4 million and the debt to equity ratio was 1.25x as of December 31, 2025.

2 days ago

Press Release

Crescent Capital BDC, Inc. Reports Q4 and Full Year 2025 Results, Declares Dividend

CCAP

Earnings

Dividends

Crescent Capital BDC, Inc. reported net investment income of $0.45 per share and net income of $0.23 per share for the fourth quarter ended December 31, 2025. For the full year 2025, net investment income was $1.81 per share and net income was $0.93 per share.
The company's net asset value (NAV) per share was $19.10 as of December 31, 2025.
A first quarter 2026 regular cash dividend of $0.42 per share was declared, payable on April 15, 2026, to stockholders of record as of March 31, 2026.
As of December 31, 2025, total investments at fair value were $1,569.4 million , and the debt to equity ratio was 1.25x.

2 days ago

8-K

Crescent Capital BDC, Inc. Reports Q3 2025 Earnings Results

CCAP

Earnings

Dividends

New Projects/Investments

Crescent Capital BDC, Inc. reported net investment income of $0.46 per share and net income of $0.19 per share for the quarter ended September 30, 2025.
The company's net asset value (NAV) per share was $19.28 at September 30, 2025.
A fourth quarter 2025 regular cash dividend of $0.42 per share was declared, payable on January 15, 2026, to stockholders of record as of December 31, 2025.
As of September 30, 2025, the company's investments at fair value totaled $1,580.7 million.
The debt to equity ratio was 1.23x as of September 30, 2025.

Nov 12, 2025, 9:15 PM

8-K

CCAP Reports Q3 2025 Earnings and Declares Dividend

CCAP

Earnings

Dividends

New Projects/Investments

Crescent Capital BDC reported net investment income of $0.46 per share and net income of $0.19 per share for the quarter ended September 30, 2025.
The company's net asset value (NAV) per share was $19.28 at September 30, 2025.
The Board of Directors declared a fourth quarter 2025 regular cash dividend of $0.42 per share, payable on January 15, 2026, to stockholders of record as of December 31, 2025.
For the quarter ended September 30, 2025, the company invested $73.9 million across 7 new portfolio companies and had $86.0 million in aggregate exits, sales and repayments.
As of September 30, 2025, Crescent Capital BDC had $27.8 million in cash and cash equivalents and $239.8 million of undrawn capacity on its credit facilities.

Nov 12, 2025, 9:15 PM

Press Release

Crescent Capital BDC, Inc. Announces $185 Million Senior Unsecured Notes Issuance

CCAP

Debt Issuance

New Projects/Investments

Crescent Capital BDC, Inc. (CCAP) entered into a Fourth Supplement to Note Purchase Agreement on October 30, 2025, for the issuance of up to $185 million in aggregate principal amount of senior unsecured notes.
The issuance includes $67.5 million Tranche A Notes with a 5.87% interest rate due February 13, 2029, $67.5 million Tranche B Notes with a 6.20% interest rate due February 13, 2031, and $50.0 million Tranche C Notes with a 5.97% interest rate due May 22, 2029.
The Tranche A and B notes are expected to close on or before February 16, 2026, and the Tranche C notes are expected to close on May 22, 2026.
The company intends to use the net proceeds to repay certain indebtedness and for general corporate purposes, including investing in portfolio companies.
These notes are general unsecured obligations of the company and rank pari passu with all outstanding and future unsecured unsubordinated indebtedness.