Welcome to our dedicated page for Crescent Capital Bdc news (Ticker: CCAP), a resource for investors and traders seeking the latest updates and insights on Crescent Capital Bdc stock.
Crescent Capital BDC Inc (NASDAQ: CCAP) delivers essential financing solutions to U.S. middle-market companies through structured debt and strategic equity investments. This news hub provides investors and financial professionals with centralized access to the company's latest developments, regulatory filings, and market-moving announcements.
Track critical updates including quarterly results, portfolio company activity, capital structure changes, and leadership developments. Our curated news feed combines press releases with verified financial reporting, offering transparent insights into CCAP's disciplined investment approach and middle-market positioning.
Discover timely information on credit facility expansions, dividend declarations, and strategic portfolio adjustments. All content undergoes rigorous verification to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of CCAP's evolving role in middle-market finance. Combine our news updates with SEC filings and earnings transcripts for comprehensive analysis of the company's risk-managed growth strategy.
Crescent Capital BDC, Inc. (NASDAQ: CCAP) has announced the schedule for its financial results for the first quarter ended March 31, 2023. The results will be released on May 10, 2023, after market close, followed by a webcast and conference call on May 11, 2023, at 12:00 p.m. ET. Interested parties can access the conference call by dialing (888) 886-7786 and entering Conference ID 29533312. A replay will be available on the Investor Relations section of Crescent BDC's website. Crescent BDC focuses on maximizing total returns for its stockholders through capital solutions to middle market companies, leveraging the expertise of Crescent Capital Group LP, which manages over $40 billion in assets.
Crescent BDC announced it has no direct exposure to Silicon Valley Bank (SVB) or Signature Bank, following recent developments impacting the banking sector. The company does not hold cash accounts or credit facilities with either institution. Limited indirect exposure exists through a few portfolio companies with minimal SVB deposits, deemed immaterial to operations. The Treasury's decision to protect depositors mitigates risks for these companies. Crescent BDC's portfolio remains unaffected by liquidity issues, ensuring investor confidence in its financial stability.
Crescent Capital BDC (NASDAQ: CCAP) has completed its merger with First Eagle Alternative Capital BDC (formerly NASDAQ: FCRD), creating a combined entity with over $1.6 billion in assets. As part of the merger, First Eagle BDC stockholders will receive $0.29 in cash, 0.20635 shares of Crescent BDC, and $1.17 in cash for transaction support. Crescent BDC’s net asset value per share was $19.91 as of March 7, 2023. The merger aims to enhance market presence, increase capital access, and diversify assets while being accretive to core earnings. Additionally, Sun Life Financial will purchase up to $20 million of the combined company’s common stock.
First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) and Crescent Capital BDC, Inc. (NASDAQ: CCAP) announced the Election Deadline for FCRD stockholders to choose between cash consideration or CCAP common stock as part of their merger. The deadline is set for 5:00 p.m. ET on March 2, 2023, ahead of the special stockholders' meeting scheduled for March 7, 2023. Upon merger completion, FCRD stockholders will receive consideration based on CCAP’s net asset value and an additional cash payment of $35 million from CCAP Advisor, distributed per share of FCRD. Stockholders must submit their elections on time to be eligible for their choice.
FAQ
What is the current stock price of Crescent Capital Bdc (CCAP)?
What is the market cap of Crescent Capital Bdc (CCAP)?
