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 (NASDAQ: CCAP) will release its third-quarter financial results for the period ending September 30, 2021, on November 10, 2021, after market close. A conference call to discuss these results is scheduled for November 11, 2021, at 12:00 p.m. Eastern Time, accessible via their investor relations website. Crescent BDC focuses on maximizing stockholder returns by providing capital solutions to middle-market companies. The firm is managed by Crescent Cap Advisors, a subsidiary of Crescent Capital Group, which manages over $35 billion in assets.
Crescent Capital BDC, Inc. (CCAP) reported net investment income of $11.0 million ($0.39 per share) for Q2 2021, with adjusted net investment income at $14.8 million ($0.53 per share). The net asset value per share rose to $20.98 from $20.24 in Q1 2021. A cash dividend of $0.41 per share was declared for Q3 2021, payable on October 15, 2021. Total investments increased to $1,095.0 million. Investment income rose to $23.8 million from $20.6 million in Q1 2021, driven by portfolio expansion, while expenses climbed to $12.8 million due to capital gains-based fees.
Crescent Capital BDC, Inc. (NASDAQ: CCAP) will release its financial results for Q2 2021 after market close on August 11, 2021. A conference call to discuss these results will be held on August 12, 2021, at 12:00 p.m. ET. Interested parties can access the call via the company's Investor Relations webpage or by dialing the provided numbers. Crescent BDC aims to maximize shareholder returns through investments in middle-market companies with strong growth potential.
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.