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. reports business development company developments tied to its portfolio of debt and related equity investments in private U.S. middle-market companies. News releases commonly cover net investment income, net asset value, dividend declarations, portfolio originations, follow-on fundings, exits, sales and repayments.
Company updates also include earnings-call scheduling, senior unsecured note activity, credit ratings, share repurchase authorizations and other capital actions. As an externally managed, closed-end, non-diversified management investment company, Crescent BDC’s news flow centers on income generation, portfolio fair value, leverage and capital distribution policy.
Crescent Capital BDC (CCAP) has announced a definitive merger agreement to acquire First Eagle Alternative Capital BDC (FCRD). This merger, valued at approximately $180.1 million, is set to enhance Crescent’s portfolio, projected to combine approximately $1.6 billion in investments. First Eagle BDC shareholders will receive cash and Crescent BDC shares as part of the merger. The transaction is expected to close in the fourth quarter of 2022, pending regulatory and shareholder approvals.
Crescent Capital BDC reported a net investment income of $15.5 million ($0.50 per share) for Q2 2022, up from $12.1 million in the previous quarter. Adjusted net investment income was $12.7 million ($0.41 per share). The company declared a regular cash dividend of $0.41 per share for Q3 2022, to be paid on October 17, 2022. Total assets stood at $1.323 billion with net asset value per share at $20.69. Investments increased to $1.285 billion across 137 portfolio companies, showcasing substantial portfolio activity during the quarter.
Crescent Capital BDC, Inc. (NASDAQ: CCAP) announced it will release its financial results for Q2 2022 on August 10, 2022, after market close. A webcast and conference call to discuss these results will occur on August 11, 2022, at 12:00 PM ET. Crescent BDC aims to maximize total returns for stockholders by providing capital solutions to middle-market companies with strong growth prospects. It is externally managed by Crescent Cap Advisors, a subsidiary of Crescent Capital Group, which manages over $38 billion in assets.
Crescent Capital BDC (CCAP) reported net investment income of $12.1 million ($0.39 per share) for Q1 2022, with an adjusted net income of $12.9 million ($0.42 per share). The net asset value per share rose to $21.18 from $21.12 in Q4 2021. The company declared a regular cash dividend of $0.41 per share for Q2 2022, payable July 15. Total investments increased to $1,288.6 million, with investment income up to $26.4 million from $20.6 million year-over-year.
Crescent Capital BDC (NASDAQ: CCAP) will announce its financial results for Q1 2022 on May 9, 2022, post-market. A conference call is scheduled for May 10, 2022, at 12:00 p.m. ET to discuss these results. Participants can join via the company's website or by calling (855) 982-6679 (domestic) or (614) 999-9468 (international) with Conference ID: 9787085. Crescent BDC aims to maximize stockholder returns through capital solutions for middle-market firms.
Crescent Capital BDC, Inc. (NASDAQ: CCAP) reported strong financial results for the year ended December 31, 2021, with net investment income of $47.6 million ($1.67 per share) and adjusted net investment income of $53.9 million ($1.89 per share). The company declared a regular cash dividend of $0.41 per share for Q1 2022, along with a special cash dividend of $0.05 per share. Total investments at fair value reached $1.27 billion, with a net asset value per share of $21.12. Notably, Crescent Capital increased its investment income by 22% year-over-year, driven by substantial net deployment.
Crescent Capital BDC will release its financial results for Q4 and fiscal year ended December 31, 2021, on February 23, 2022, after market close. A conference call will be held the following day, February 24, 2022, at 12:00 p.m. ET, where management will discuss the results. Interested parties can join via the company's website or by phone. Crescent BDC, a business development company, aims to provide capital solutions to middle-market companies, maximizing returns through current income and capital appreciation.
Crescent Capital BDC, Inc. (CCAP) has priced an underwritten offering of 2,500,000 shares of its common stock at $21.33 per share, aiming to raise approximately $53.3 million in net proceeds. An option to purchase an additional 375,000 shares is granted to underwriters. The offering follows the Company's shelf-registration statement approved by the SEC and is expected to close on November 18, 2021. Proceeds will be used for general corporate purposes, including debt repayment and investments in portfolio companies.
Crescent Capital BDC, Inc. (NASDAQ: CCAP) announced a primary offering of 2,500,000 shares of common stock, with an option for underwriters to purchase an additional 375,000 shares. The offering is registered with the SEC, and the proceeds will be utilized for general corporate purposes, including debt repayment and investments. Crescent's investment adviser will pay underwriters a supplemental payment to cover the difference between the actual offering price and net proceeds. The offering will be managed by multiple financial institutions, including BofA Securities and Wells Fargo.
Crescent Capital BDC (CCAP) reported a net investment income of $12.7 million ($0.45 per share) for Q3 2021, up from $11 million in Q2 2021. Adjusted net investment income was $13.5 million ($0.48 per share). The net asset value per share rose to $21.16 compared to $20.98 in the previous quarter. The firm declared cash dividends totaling $0.41 per share for regular dividends and additional special dividends worth $0.05 each. Investments at fair value increased to $1,138.6 million, with a portfolio comprising 132 companies.