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[8-K] BCP Investment Corp Reports Material Event

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BCP Investment Corporation entered a note purchase agreement to issue $35,000,000 of 7.50% notes due 2028 and $75,000,000 of 7.75% notes due 2030 under an effective shelf. The company intends to use the net proceeds to redeem in full its 4.875% notes due 2026 and to pay down existing indebtedness.

The 2028 notes mature on October 15, 2028 and the 2030 notes on October 15, 2030, with interest payable semi‑annually on April 30 and October 30, starting October 30, 2025. Each series is redeemable at par on specified dates (after make‑whole periods) per the Indenture, includes a change‑of‑control repurchase at 100% plus accrued interest, and a 0.75% interest step‑up upon an Interest Rate Adjustment Event.

On October 14, 2025, the company notified the trustee of its election to redeem the $108.0 million aggregate principal amount of 2026 notes outstanding, with completion expected on November 13, 2025.

BCP Investment Corporation ha stipulato un accordo di acquisto di titoli per emettere $35,000,000 di note al 7,50% con scadenza nel 2028 e $75,000,000 di note al 7,75% con scadenza nel 2030, nell’ambito di una shelf efficace. L’azienda intende utilizzare i proventi netti per riscattare integralmente le sue note al 4,875% scadenza 2026 e per ridurre l’indebitamento esistente.

Le note 2028 scadono il 15 ottobre 2028 e le note 2030 il 15 ottobre 2030, con interessi pagabili semestralmente il 30 aprile e il 30 ottobre, a partire dal 30 ottobre 2025. Ogni serie è rimborsabile a valore nominale nelle date specificate (dopo i periodi di make-whole) ai sensi dell’Indenture, include un riacquisto per cambio di controllo al 100% più interessi maturati e un incremento di interesse dello 0,75% in caso di Evento di Adeguamento del Tasso di Interesse.

Il 14 ottobre 2025, l’azienda ha comunicato al trustee la sua elezione di riscattare l’ammontare principale aggregato di $108,0 milioni di note 2026 in circolazione, con completamento previsto per il 13 novembre 2025.

BCP Investment Corporation firmó un acuerdo de compra de notas para emitir $35,000,000 de notas al 7,50% con vencimiento en 2028 y $75,000,000 de notas al 7,75% con vencimiento en 2030 bajo una línea efectiva. La compañía tiene la intención de usar los ingresos netos para canjear en su totalidad sus notas al 4,875% vencimiento 2026 y para reducir la deuda existente.

Las notas de 2028 vencen el 15 de octubre de 2028 y las de 2030 el 15 de octubre de 2030, con intereses pagaderos semestralmente el 30 de abril y el 30 de octubre, a partir del 30 de octubre de 2025. Cada serie es canjeable a valor nominal en las fechas especificadas (después de los periodos de make-whole) conforme a la Indenture, incluye una recompra por cambio de control al 100% más intereses acumulados y un incremento de interés del 0,75% tras un Hevento de Ajuste de Tasa de Interés.

El 14 de octubre de 2025, la empresa notificó al trustee su elección de canjear el monto principal agregado de $108,0 millones de las notas 2026 en circulación, con cierre previsto para el 13 de noviembre de 2025.

BCP Investment Corporation은 2028년 만기 7.50%의 채권 $35,000,000과 2030년 만기 7.75%의 채권 $75,000,000을 발행하기 위한 채권매입계약을 체결했으며, 이는 효력 있는 선반 아래에서 발행됩니다. 회사는 순수익금을 2026년 만기 4.875% 채권을 전액 상환하고 기존 부채를 감소시키는 데 사용할 예정입니다.

2028년 채권은 2028년 10월 15일에 만기되며, 2030년 채권은 2030년 10월 15일에 만기되고, 이자지급은 매년 4월 30일10월 30일에 반기마다 지급되며, 최초 지급은 2025년 10월 30일부터 시작됩니다. 각 시리즈는 명시된 날짜에 명목가로 상환 가능하며(메이크홀 기간 이후), 인데이터(Indenture)에 따라 체인지오브콘트롤은 100%의 미지급 이자와 함께 재매입되며, 이자율 조정 이벤트 발생 시 0.75%의 이자 상승이 적용됩니다.

또한 2025년 10월 14일에 회사는 트러스티(trustee)에게 2026년 만기 채권의 총Principal $108.0백만의 상환 의사를 통지했고, 2025년 11월 13일에 완료될 예정입니다.

BCP Investment Corporation est entré dans un accord d’achat d’obligations afin d’émettre $35,000,000 d’obligations à 7,50% arrivant à échéance en 2028 et $75,000,000 d’obligations à 7,75% arrivant à échéance en 2030 dans le cadre d’un shelf efficace. La société entend utiliser le produit net pour racheter intégralement ses notes à 4,875% arrivant à échéance en 2026 et pour réduire son endettement existant.

Les notes de 2028 arrivent à échéance le 15 octobre 2028 et les notes de 2030 le 15 octobre 2030, avec des intérêts payables semestriellement le 30 avril et le 30 octobre, à compter du 30 octobre 2025. Chaque série peut être rachetée au pair à des dates spécifiées (après des périodes de make-whole) conformément à l’Indenture, inclut un rachat en cas de changement de contrôle à 100% plus intérêts courus, et une hausse d’intérêt de 0,75% en cas d’un Événement d’Ajustement du Taux d’Intérêt.

Le 14 octobre 2025, la société a informé le trustee de son choix de racheter le montant principal aggregate de $108,0 millions des notes 2026 en circulation, avec une fin prévue le 13 novembre 2025.

BCP Investment Corporation hat eine Note Purchase Agreement unterzeichnet, um $35,000,000 Anleihen mit 7,50% Zins bis 2028 und $75,000,000 Anleihen mit 7,75% Zins bis 2030 gemäß einem gültigen Shelf auszugeben. Das Unternehmen beabsichtigt, den Nettoschluss für die vollständige Rückzahlung seiner 4,875%-Anleihen fällig 2026 sowie zur Rückführung bestehender Verbindlichkeiten zu verwenden.

Die Anleihen 2028 laufen am 15. Oktober 2028 und die Anleihen 2030 am 15. Oktober 2030, Zinsen werden halbjährlich am 30. April und am 30. Oktober gezahlt, beginnend am 30. Oktober 2025. Jede Serie ist zum Nennwert zu bestimmten Terminen zurückkaufbar (nach Make-Whole-Perioden) gemäß dem Indenture, umfasst einen Change-of-Control-Rückkauf zu 100% zuzüglich aufgelaufener Zinsen und eine Zinssteigerung von 0,75% bei einem Interest Rate Adjustment Event.

Am 14. Oktober 2025 hat das Unternehmen dem Trustee seine Wahl mitgeteilt, den aggregierten Hauptbetrag von $108,0 Millionen der ausstehenden 2026er Anleihen zurückzukaufen, wobei der Abschluss voraussichtlich am 13. November 2025 erfolgt.

BCP Investment Corporation أبرمت اتفاقية شراء سندات لإصدار $35,000,000 من سندات بنسبة فائدة 7.50% مستحقة في 2028 و $75,000,000 من سندات بنسبة فائدة 7.75% مستحقة في 2030 وفق إطار shelf ساري. تنوي الشركة استخدام صافي العائدات لإعادة شراء بالكامل سنداتها 4.875% المستحقة في 2026 ولخفض الدين القائم.

تستحق سندات 2028 في 15 أكتوبر 2028 وتستحق سندات 2030 في 15 أكتوبر 2030، مع دفع الفوائد نصف السنوية في 30 أبريل و30 أكتوبر، ابتداءً من 30 أكتوبر 2025. كل فئة قابلة للاسترداد بسعر الاسمي في التواريخ المحددة (بعد فترات make-whole) وفقاً لـ Indenture، وتتضمن اعادة شراء عند تغيير السيطرة بمعدل 100% بالإضافة إلى الفوائد المتراكمة، وارتفاع فائدة قدره 0.75% عند حدوث حدث تعديل سعر الفائدة.

في 14 أكتوبر 2025، أخطرت الشركة الوصي باختيارها إعادة شراء المبلغ الأساسي الإجمالي البالغ $108.0 مليون من سندات 2026 القائمة، مع توقع إتمامها في 13 نوفمبر 2025.

BCP Investment Corporation 已签署票据购买协议,拟发行 $35,000,000 的7.50%票据,2028 年到期,以及 $75,000,000 的7.75%票据,2030 年到期,均在有效现货架下发行。公司拟将净收益用于全额赎回其 4.875% 票据,期限至 2026,并用于偿还现有负债。

2028 年票据于 2028 年 10 月 15 日到期,2030 年票据于 2030 年 10 月 15 日到期,利息将自 2025 年 10 月 30 日起每半年支付一次,分别在 4 月 30 日10 月 30 日支付。每一系列可在规定日期按票面金额赎回(在坦率期之后),并且按契约包含变更控制回购,按100%加应计利息,并在发生利率调整事件时,利息上浮 0.75%

2025 年 10 月 14 日,公司已通知受托人其选择赎回在外的 $108.0 百万 2026 年票据的总本金金额,预计于 2025 年 11 月 13 日完成。

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Insights

BCIC refinances 2026 notes with new 2028/2030 debt.

BCIC raised $110,000,000 via 7.50% 2028 and 7.75% 2030 notes, stating proceeds will redeem its 4.875% 2026 notes and reduce other debt. This replaces nearer‑term obligations with longer maturities on October 15, 2028 and October 15, 2030, shifting the maturity profile.

The Indenture provides optional redemptions (make‑whole before par dates), a change‑of‑control put at 100% plus accrued interest, and a 0.75% step‑up upon an Interest Rate Adjustment Event. These terms outline holder protections and potential coupon adjustments.

The company has initiated redemption of $108.0 million of 2026 notes, expected to complete on November 13, 2025. Actual impact will follow execution of the redemption and subsequent interest expense under the new coupons.

BCP Investment Corporation ha stipulato un accordo di acquisto di titoli per emettere $35,000,000 di note al 7,50% con scadenza nel 2028 e $75,000,000 di note al 7,75% con scadenza nel 2030, nell’ambito di una shelf efficace. L’azienda intende utilizzare i proventi netti per riscattare integralmente le sue note al 4,875% scadenza 2026 e per ridurre l’indebitamento esistente.

Le note 2028 scadono il 15 ottobre 2028 e le note 2030 il 15 ottobre 2030, con interessi pagabili semestralmente il 30 aprile e il 30 ottobre, a partire dal 30 ottobre 2025. Ogni serie è rimborsabile a valore nominale nelle date specificate (dopo i periodi di make-whole) ai sensi dell’Indenture, include un riacquisto per cambio di controllo al 100% più interessi maturati e un incremento di interesse dello 0,75% in caso di Evento di Adeguamento del Tasso di Interesse.

Il 14 ottobre 2025, l’azienda ha comunicato al trustee la sua elezione di riscattare l’ammontare principale aggregato di $108,0 milioni di note 2026 in circolazione, con completamento previsto per il 13 novembre 2025.

BCP Investment Corporation firmó un acuerdo de compra de notas para emitir $35,000,000 de notas al 7,50% con vencimiento en 2028 y $75,000,000 de notas al 7,75% con vencimiento en 2030 bajo una línea efectiva. La compañía tiene la intención de usar los ingresos netos para canjear en su totalidad sus notas al 4,875% vencimiento 2026 y para reducir la deuda existente.

Las notas de 2028 vencen el 15 de octubre de 2028 y las de 2030 el 15 de octubre de 2030, con intereses pagaderos semestralmente el 30 de abril y el 30 de octubre, a partir del 30 de octubre de 2025. Cada serie es canjeable a valor nominal en las fechas especificadas (después de los periodos de make-whole) conforme a la Indenture, incluye una recompra por cambio de control al 100% más intereses acumulados y un incremento de interés del 0,75% tras un Hevento de Ajuste de Tasa de Interés.

El 14 de octubre de 2025, la empresa notificó al trustee su elección de canjear el monto principal agregado de $108,0 millones de las notas 2026 en circulación, con cierre previsto para el 13 de noviembre de 2025.

BCP Investment Corporation은 2028년 만기 7.50%의 채권 $35,000,000과 2030년 만기 7.75%의 채권 $75,000,000을 발행하기 위한 채권매입계약을 체결했으며, 이는 효력 있는 선반 아래에서 발행됩니다. 회사는 순수익금을 2026년 만기 4.875% 채권을 전액 상환하고 기존 부채를 감소시키는 데 사용할 예정입니다.

2028년 채권은 2028년 10월 15일에 만기되며, 2030년 채권은 2030년 10월 15일에 만기되고, 이자지급은 매년 4월 30일10월 30일에 반기마다 지급되며, 최초 지급은 2025년 10월 30일부터 시작됩니다. 각 시리즈는 명시된 날짜에 명목가로 상환 가능하며(메이크홀 기간 이후), 인데이터(Indenture)에 따라 체인지오브콘트롤은 100%의 미지급 이자와 함께 재매입되며, 이자율 조정 이벤트 발생 시 0.75%의 이자 상승이 적용됩니다.

또한 2025년 10월 14일에 회사는 트러스티(trustee)에게 2026년 만기 채권의 총Principal $108.0백만의 상환 의사를 통지했고, 2025년 11월 13일에 완료될 예정입니다.

BCP Investment Corporation est entré dans un accord d’achat d’obligations afin d’émettre $35,000,000 d’obligations à 7,50% arrivant à échéance en 2028 et $75,000,000 d’obligations à 7,75% arrivant à échéance en 2030 dans le cadre d’un shelf efficace. La société entend utiliser le produit net pour racheter intégralement ses notes à 4,875% arrivant à échéance en 2026 et pour réduire son endettement existant.

Les notes de 2028 arrivent à échéance le 15 octobre 2028 et les notes de 2030 le 15 octobre 2030, avec des intérêts payables semestriellement le 30 avril et le 30 octobre, à compter du 30 octobre 2025. Chaque série peut être rachetée au pair à des dates spécifiées (après des périodes de make-whole) conformément à l’Indenture, inclut un rachat en cas de changement de contrôle à 100% plus intérêts courus, et une hausse d’intérêt de 0,75% en cas d’un Événement d’Ajustement du Taux d’Intérêt.

Le 14 octobre 2025, la société a informé le trustee de son choix de racheter le montant principal aggregate de $108,0 millions des notes 2026 en circulation, avec une fin prévue le 13 novembre 2025.

BCP Investment Corporation hat eine Note Purchase Agreement unterzeichnet, um $35,000,000 Anleihen mit 7,50% Zins bis 2028 und $75,000,000 Anleihen mit 7,75% Zins bis 2030 gemäß einem gültigen Shelf auszugeben. Das Unternehmen beabsichtigt, den Nettoschluss für die vollständige Rückzahlung seiner 4,875%-Anleihen fällig 2026 sowie zur Rückführung bestehender Verbindlichkeiten zu verwenden.

Die Anleihen 2028 laufen am 15. Oktober 2028 und die Anleihen 2030 am 15. Oktober 2030, Zinsen werden halbjährlich am 30. April und am 30. Oktober gezahlt, beginnend am 30. Oktober 2025. Jede Serie ist zum Nennwert zu bestimmten Terminen zurückkaufbar (nach Make-Whole-Perioden) gemäß dem Indenture, umfasst einen Change-of-Control-Rückkauf zu 100% zuzüglich aufgelaufener Zinsen und eine Zinssteigerung von 0,75% bei einem Interest Rate Adjustment Event.

Am 14. Oktober 2025 hat das Unternehmen dem Trustee seine Wahl mitgeteilt, den aggregierten Hauptbetrag von $108,0 Millionen der ausstehenden 2026er Anleihen zurückzukaufen, wobei der Abschluss voraussichtlich am 13. November 2025 erfolgt.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 10, 2025
 
 
BCP Investment Corporation
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
 
814-00735
 
20-5951150
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
650 Madison Avenue, 3rd Floor
New York, New York
 
10022
(Address of principal executive offices)
 
(Zip Code)
(Registrant’s telephone number, including area code): (212)
891-2880
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
 
Title of each class
  
Trading
Symbol(s)
  
Name of each exchange
on which registered
Common Stock, par value $0.01 per share    BCIC   
The NASDAQ Global Select
Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934 (§
240.12b-2
of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 

Item 1.01.
Entry into a Material Definitive Agreement.
Notes Offering
On October 10, 2025, BCP Investment Corporation (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”), by and among the Company and each purchaser named therein (the “Purchasers”), in connection with the issuance and sale of $35,000,000 in aggregate principal amount of the Company’s 7.50% notes due 2028 (the “2028 Notes”) and $75,000,000 in aggregate principal amount of the Company’s 7.75% notes due 2030 (the “2030 Notes”, and, together with the 2028 Notes, the “Notes”), pursuant to an effective shelf registration statement on Form
N-2
(File
No. 333-283443),
as amended, which was declared effective on February 10, 2025.
 
The Company intends to use the net proceeds of the offering to redeem in full its 4.875% Notes due 2026 (the “2026 Notes”) and to pay down existing indebtedness.
In conjunction therewith, the Company and U.S. Bank Trust Company, National Association (the “Trustee”) entered into a Fourth Supplemental Indenture relating to the 2028 Notes (the “Fourth Supplemental Indenture”) and a Fifth Supplemental Indenture relating to the 2030 Notes (the “Fifth Supplemental Indenture”, and, together with the Fourth Supplemental Indenture, the “Supplemental Indentures”), which supplement that certain Base Indenture, dated as of October 10, 2012 (as may be further amended, supplemented or otherwise modified from time to time, the “Base Indenture” and, together with the Supplemental Indentures, the “Indenture”).
The 2028 Notes will mature on October 15, 2028 and the 2030 Notes will mature on October 15, 2030. The 2028 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to July 15, 2028 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the Indenture and at par value on July 15, 2028 or thereafter and the 2030 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to April 15, 2030 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the Indenture and at par value on April 15, 2030 or thereafter.
The 2028 Notes bear interest at the rate of 7.50% per year and the 2030 Notes bear interest at the rate of 7.75% per year, each payable semi-annually on April 30 and October 30 of each year, commencing on October 30, 2025. The Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Notes, rank
pari passu
with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.
The Indenture contains certain covenants, including covenants requiring the Company to comply with the asset coverage requirements of Sections 18(a)(1)(A) and 18(a)(1)(B) as modified by Section 61(a)(2) of the Investment Company Act of 1940, as amended, whether or not it is subject to those requirements, and to provide financial information to the holders of the Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. Additionally, the Company has agreed to use its commercially reasonable efforts to maintain a rating of the Notes from a rating agency, as defined in the Indenture, as long as the Notes are outstanding. These covenants are subject to important limitations and exceptions that are described in the Indenture.
In addition, on the occurrence of a “change of control repurchase event,” as defined in the Indenture, the Company will generally be required to make an offer to purchase the outstanding Notes at a price equal to 100% of the principal amount of such Notes plus accrued and unpaid interest to the repurchase date. Also, on the occurrence of an “Interest Rate Adjustment Event,” as defined in the Indenture, the Notes will bear interest at a fixed rate per annum which is 0.75% in excess of the initial rate of the Notes, as applicable, from the date of the occurrence of the Interest Rate Adjustment Event to and until the date on which the Interest Rate Adjustment Event is no longer continuing.

The foregoing description of the Notes does not purport to be complete and is qualified in its entirety by reference to the full text of the Note Purchase Agreement and Indenture, filed as exhibits hereto and incorporated by reference herein.
 
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance
Sheet Arrangement of a Registrant.
The information required by Item 2.03 contained in Item 1.01 of this Current Report on Form
8-K
is incorporated herein by reference.
 
Item 8.01.
Other Events.
On October 14, 2025, the Company notified the Trustee of the Company’s election to redeem the $108.0 million aggregate principal amount of the 2026 Notes outstanding, and instructed the Trustee to provide notice of such redemption to the holders of the 2026 Notes in accordance with the terms of the indenture governing the 2026 Notes. The Company expects the redemption to be completed on November 13, 2025.
 
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
 
Exhibit
Number
  
Exhibit
  4.1    Fourth Supplemental Indenture, dated as of October 15, 2025, relating to the 7.50% Notes due 2028, by and between the Company and U.S. Bank Trust Company, National Association, as trustee.
  4.2    Fifth Supplemental Indenture, dated as of October 15, 2025, relating to the 7.75% Notes due 2030, by and between the Company and U.S. Bank Trust Company, National Association, as trustee.
  4.3    Form of 7.50% Notes due 2028. (Incorporated by reference to Exhibit 4.1 hereto.)
  4.4    Form of 7.75% Notes due 2030. (Incorporated by reference to Exhibit 4.2 hereto.)
  5.1    Opinion of Dechert LLP, dated October 10, 2025.
 10.1    Note Purchase Agreement, dated October 10, 2025.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the
undersigned hereunto duly authorized.
 
BCP INVESTMENT CORPORATION
By:   /s/ Brandon Satoren
Name:   Brandon Satoren
Title:   Chief Financial Officer
Date: October 15, 2025
BCP Investment Corp

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12.98M
1.53%
11.76%
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