Crescent Capital Bdc Inc Stock Price, News & Analysis

Crescent Capital BDC (CCAP) reported a net investment income of $11.4 million ($0.41 per share) for Q1 2021, alongside adjusted net investment income of $13.0 million ($0.46 per share). The net asset value per share increased to $20.24 from $19.88 in Q4 2020. A cash dividend of $0.41 per share was declared for Q2 2021, payable on July 15. The company completed a $135 million offering of senior unsecured notes and reduced its debt, achieving a debt to equity ratio of 0.86x.

Crescent Capital BDC (NASDAQ: CCAP) will announce its financial results for Q1 2021 on May 12, 2021, post-market close. A conference call is scheduled for May 13, 2021, at 12:00 p.m. ET, where management will discuss the results. Interested parties can access the call via a dedicated phone line or through the Investor Relations section of Crescent BDC's website. Crescent BDC focuses on maximizing stockholder returns by providing capital solutions to middle-market companies with robust growth potential.

Crescent Capital BDC, Inc. (NASDAQ: CCAP) reported net investment income of $49.9 million for the year ended December 31, 2020, equating to $1.80 per share. The net increase in net assets resulting from operations was $54.7 million, or $1.98 per share. As of December 31, 2020, the net asset value per share stood at $19.88, up from $19.07 at September 30, 2020. The company declared a regular cash dividend of $0.41 per share for Q1 2021, payable on April 15, 2021. Crescent successfully completed a $135 million private offering of senior unsecured notes.

Crescent Capital BDC (CCAP) announced the issuance of $135 million in senior unsecured notes with a 4.00% interest rate, maturing in 2026. The first closing of $50 million occurred on February 17, 2021, with an additional $85 million expected by May 17, 2021. The proceeds will be used to repay existing debt and for corporate purposes. CEO Jason Breaux highlighted that this offering enhances Crescent BDC's financial flexibility and supports new investment opportunities. The notes are not registered under the Securities Act.

Crescent Capital BDC (NASDAQ: CCAP) will release its financial results for the fourth quarter and fiscal year ended December 31, 2020, on February 24, 2021, after market close. A webcast and conference call will follow on February 25, 2021, at 12:00 p.m. Eastern Time to discuss these results. Interested participants can join via the Investor Relations section of the Crescent BDC website or by dialing the provided numbers.

The company focuses on providing capital solutions to middle market companies with strong growth prospects, leveraging the experience of Crescent Capital Group LP.

Crescent Capital BDC reported a net investment income of $12.2 million or $0.43 per share for Q3 2020, with a net increase in net assets resulting from operations of $38.3 million (or $1.36 per share). The net asset value per share rose to $19.07 from $18.12 in the prior quarter. The company declared a fourth-quarter dividend of $0.41 per share, payable around January 15, 2021. Additionally, Crescent's investments at fair value grew to $961.1 million, with a weighted average yield on income-producing securities maintaining at 7.9%.

Sun Life Financial plans to acquire a 51% stake in Crescent Capital Group for up to US$338 million. Crescent, managing approximately US$28 billion in assets, will enhance Sun Life's alternative credit capabilities. The deal includes an upfront payment of US$276 million and potential additional payments based on performance. Crescent will operate independently and maintain its brand post-acquisition. This strategic move aims to meet growing demand for alternative credit investing among institutional clients, supported by an additional US$750 million co-investment commitment from Sun Life.

Crescent Capital BDC, Inc. (NASDAQ: CCAP) announced it will release its third quarter financial results on November 4, 2020, after market close. A conference call will be held on November 5, 2020, at 12:00 p.m. Eastern Time to discuss these results. Interested participants can join the webcast on Crescent BDC's website or by calling the provided conference numbers. Crescent BDC focuses on maximizing shareholder returns through capital solutions for middle-market companies, leveraging the expertise of Crescent Capital Group, which manages around $28 billion in assets.

Crescent Capital BDC, Inc. (CCAP) reported a net investment income of $13.0 million ($0.46 per share) and a net increase in net assets of $56.4 million ($2.00 per share) for Q2 2020. The net asset value (NAV) per share rose to $18.12 compared to $16.52 in Q1 2020. This increase was largely due to unrealized gains from tightening credit spreads. The company declared a third-quarter dividend of $0.41 per share, payable on or around October 15, 2020. Total investments reached $895.2 million, a rise from $883.2 million in Q1, driven by new portfolio company investments and reduced expenses.