BCP Investment doubles credit line and cuts loan margin

BCP Investment Corporation, through its wholly owned subsidiary Capitala Business Lending, LLC, entered into a Sixth Amendment to its senior secured revolving credit facility with KeyBank National Association.

Rhea-AI Filing Summary

BCP Investment Corporation, through its wholly owned subsidiary Capitala Business Lending, LLC, entered into a Sixth Amendment to its senior secured revolving credit facility with KeyBank National Association. The amendment reduces the applicable margin during the reinvestment period from 2.80% to 2.50% per annum and during the amortization period from 3.20% to 3.00% per annum.

The amendment also extends the reinvestment period termination date from August 21, 2027 to August 6, 2029 and the maturity date from August 21, 2029 to August 6, 2031. In addition, the facility size is increased from $75.0 million to $150.0 million. Borrowing base provisions are revised to allow certain participation interests related to a refinancing to qualify as eligible collateral.

Concurrently, borrowings under the amended KeyBank facility were used to repay in full all outstanding advances and amounts under a separate senior secured revolving credit facility with JPMorgan Chase Bank, after which that JPM facility’s commitments were terminated and security interests released.

Positive

• Credit facility doubled to $150.0 million, expanding available borrowing capacity under the KeyBank senior secured revolving credit facility.
• Interest margin reduced to 2.50% (reinvestment) and 3.00% (amortization), lowering the cost of borrowing on the facility.
• Maturity profile extended with reinvestment period moved to August 6, 2029 and final maturity to August 6, 2031, enhancing funding stability.
• JPM revolving credit facility fully repaid and terminated, simplifying the company’s secured lending structure and releasing related security interests.

Negative

• None.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Facility Amount: $150.0 million Prior Facility Amount: $75.0 million Reinvestment Period Margin: 2.50% per annum +5 more

8 metrics

Facility Amount $150.0 million Revolving credit facility size after Sixth Amendment to KeyBank Credit Facility

Prior Facility Amount $75.0 million Revolving credit facility size before the Sixth Amendment

Reinvestment Period Margin 2.50% per annum Reduced from 2.80% during the reinvestment period under the amended facility

Amortization Period Margin 3.00% per annum Reduced from 3.20% during the amortization period under the amended facility

Reinvestment Period End August 6, 2029 Termination date of reinvestment period after extension from August 21, 2027

Maturity Date August 6, 2031 Final maturity date after extension from August 21, 2029

Original KeyBank Facility Date October 30, 2020 Date of the initial Revolving Credit and Security Agreement

JPM Facility Original Date December 18, 2019 Date of senior secured revolving credit facility with JPMorgan that was repaid and terminated

Key Terms

senior secured revolving credit facility, reinvestment period, amortization period, borrowing base provisions, +2 more

6 terms

senior secured revolving credit facility financial

"entered into a sixth amendment to its senior secured revolving credit facility"

A senior secured revolving credit facility is a multi‑use bank lending line that a company can draw, repay and redraw as needed, backed by specific assets and ranked first in repayment order if the company defaults. Think of it like a collateralized credit card that gives flexible short‑term cash while lenders hold priority to recover their money; investors watch it because it affects a company’s liquidity, borrowing cost, and who gets paid first in financial distress.

reinvestment period financial

"reduction in the applicable margin during the reinvestment period from 2.80% to 2.50%"

A reinvestment period is a set span of time during which profits, dividends, loan repayments or sale proceeds must be put back into the same fund, project or company instead of being paid out to investors. It matters because it changes when and how investors receive cash and how quickly their investment can grow or be redeployed—like a garden where harvested seeds are required to be planted again for several seasons before you can take crops out for personal use.

amortization period financial

"and during the amortization period from 3.20% to 3.00% per annum"

The amortization period is the length of time over which a loan or the cost of an intangible asset is scheduled to be paid down through regular payments. It matters to investors because a longer amortization reduces each payment and eases near-term cash flow but increases total interest or expense over time, while a shorter period raises current payments and can strain cash but cuts long-term cost—think of it like choosing between smaller monthly car payments that last longer or bigger payments that finish sooner.

borrowing base provisions financial

"amends the borrowing base provisions to permit certain participation interests"

participation interests financial

"permit certain participation interests acquired in connection with the Refinancing"

Refinancing financial

"collectively, the “Refinancing”"

Refinancing is the process of replacing an existing loan with a new one that has different terms—such as a lower interest rate, longer repayment period, or different payment schedule—much like trading in a high-interest mortgage for a cheaper one. Investors care because refinancing changes a company’s interest costs and cash flow, which can boost profits or free money for growth, but it can also signal stress or add fees that affect returns.

Earnings Snapshot

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BCP Investment Corporation (BCIC) change in its KeyBank credit facility?

BCP Investment Corporation amended its KeyBank senior secured revolving credit facility to cut margins, extend the reinvestment and maturity dates, and increase the facility size to $150.0 million, providing more capacity and longer-dated financing.

How much is the amended KeyBank facility for BCIC now?

The amended KeyBank senior secured revolving credit facility now has a facility amount of $150.0 million, increased from $75.0 million, effectively doubling the borrowing capacity available to Capitala Business Lending, LLC under this arrangement.

How were borrowing costs changed in BCIC’s KeyBank facility amendment?

The Sixth Amendment reduces the applicable margin during the reinvestment period from 2.80% to 2.50% per annum and during the amortization period from 3.20% to 3.00% per annum, lowering the ongoing interest spread on outstanding borrowings.

What new maturity and reinvestment dates apply to BCIC’s KeyBank facility?

The reinvestment period termination date was extended to August 6, 2029, and the facility’s maturity date was extended to August 6, 2031, pushing out both key dates from August 21, 2027 and August 21, 2029, respectively.

What happened to BCIC’s JPM Revolving Credit Facility in this refinancing?

Proceeds from the amended KeyBank facility were used to repay in full all outstanding advances and amounts under the JPM Revolving Credit Facility, after which its financing commitments were terminated and all related security interests were released.

How did the amendment affect collateral eligibility for BCIC’s KeyBank facility?

The Sixth Amendment changes the borrowing base provisions to allow certain participation interests acquired in connection with the defined Refinancing to be included as eligible collateral, potentially supporting higher borrowings against those assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/12/2026 - 12:28 PM Accepted by SEC EDGAR 08/12/2026 - 12:27 PM Learn about SEC filing dates

BCP Investment Corp false 0001372807 0001372807 2026-08-06 2026-08-06

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): August 6, 2026

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

Not Applicable

(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.

On August 6, 2026, Capitala Business Lending, LLC (“CBL”), a wholly-owned subsidiary of BCP Investment Corporation, entered into a sixth amendment (the “Sixth Amendment”) to its senior secured revolving credit facility, dated October 30, 2020 (as amended by the (i) First Amendment to Revolving Credit and Security Agreement and Omnibus Amendment to Facility Documents, dated as of July 1, 2021, (ii) Second Amendment to Revolving Credit and Security Agreement, dated as of May 10, 2022, (iii) Third Amendment to Revolving Credit and Security Agreement, dated as of October 20, 2022, (iv) Fourth Amendment to Revolving Credit and Security Agreement, dated as of August 21, 2024, and (v) Fifth Amendment to Revolving Credit and Security Agreement, dated as of July 14, 2025, the “KeyBank Credit Facility”) with KeyBank National Association (“KeyBank”). KeyBank serves as administrative agent, U.S. Bank National Association serves as custodian, and Sierra Crest Investment Management LLC serves as portfolio manager under the KeyBank Credit Facility.

The Sixth Amendment provides for, among other things (i) a reduction in the applicable margin during the reinvestment period from 2.80% to 2.50% per annum and during the amortization period from 3.20% to 3.00% per annum; (ii) an extension of the termination date of the reinvestment period from August 21, 2027 to August 6, 2029; (iii) an extension of the maturity date from August 21, 2029 to August 6, 2031; and (iv) an increase in the facility amount from $75.0 million to $150.0 million. The Sixth Amendment also amends the borrowing base provisions to permit certain participation interests acquired in connection with the Refinancing (as hereinafter defined) to be included as eligible collateral.

Concurrent with the consummation of the Sixth Amendment, (i) Great Lakes Portman Ridge Funding LLC (“GLPRF LLC”), a direct, wholly owned subsidiary of the Company, transferred certain assets to the Borrower, (ii) proceeds of borrowings under the amended KeyBank Credit Facility were used to repay in full all outstanding advances and other amounts then due under that certain senior secured revolving credit facility, dated as of December 18, 2019 (as amended, the “JPM Revolving Credit Facility”) with GLPRF LLC as borrower and JPMorgan Chase Bank, National Association as administrative agent, and (iii) the financing commitments under the JPM Revolving Credit Facility were terminated and all security interests related thereto were released (collectively, the “Refinancing”).

The description above is only a summary of the material provisions of the Sixth Amendment and is qualified in its entirety by reference to a copy of the Sixth Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number		Description
10.1		Sixth Amendment to Revolving Credit and Security Agreement, dated as of August 6, 2026, among Capitala Business Lending, LLC, as the borrower, Mount Logan Management, LLC, as the collateral manager, the lenders from time to time party thereto, KeyBank National Association, as the administrative agent, and U.S. Bank National Association, as the custodian.
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: August 12, 2026

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 1.1 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB