Every 8-K that BCP Investment Corporation (BCIC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BCIC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BCIC filings page.
BCP Investment Corp (BCIC) entered into a note purchase agreement on September 2, 2026 to issue and sell $10,000,000 in aggregate principal amount of additional 7.50% notes due 2029 under its effective Form N-2 shelf registration. These new notes are fungible with the previously issued $50,000,000 of 7.50% notes due 2029 and will form a single series under the same indenture.
The notes, issued under a base indenture dated October 10, 2012 and a sixth supplemental indenture dated March 24, 2026, mature on September 24, 2029 and bear interest at 7.50% per year, payable semi-annually on April 30 and October 30. BCP Investment Corp intends to use the net proceeds to repay $10.0 million principal of LRFC 5.25% fixed rate notes due 2026 and to pay down other indebtedness.
The notes are general unsecured obligations that rank senior to expressly subordinated debt, pari passu with other unsecured unsubordinated debt, effectively junior to secured debt to the extent of collateral value, and structurally junior to subsidiary and financing vehicle obligations. They are redeemable at the company’s option at par plus a make-whole premium before April 24, 2029 and at par on or after that date. The indenture includes covenants tied to Investment Company Act asset coverage, ongoing financial reporting if Exchange Act reporting ceases, and commercially reasonable efforts to maintain a rating on the notes.
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.
BCP Investment Corporation reported second quarter 2026 results with total investment income of $15,165 thousand and net investment income of $5,518 thousand, or $0.45 per share. Core net investment income was $3,291 thousand, or $0.27 per share. After $10,482 thousand of net realized losses, $4,734 thousand of net unrealized depreciation and $360 thousand of losses on debt extinguishment, the net decrease in net assets from operations was $9,874 thousand, or $(0.80) per share. Net asset value was $179,462 thousand, or $14.49 per share as of June 30, 2026, compared with $15.60 at March 31, 2026 and $16.68 at December 31, 2025; the company attributed the decline primarily to unrealized mark-to-market valuation changes, notably in software and software-exposed investments.
The investment portfolio totaled $452,741 thousand at fair value across 107 portfolio companies, with 63.4% in first lien debt and a weighted average annualized yield of approximately 12.0% (excluding non-accruals and CLOs). As of June 30, 2026, eleven debt investments attributable to seven portfolio companies were on non-accrual, representing 5.7% of the portfolio at amortized cost and 3.1% at fair value, down from 6.2% and 2.6% as of March 31, 2026. Outstanding borrowings had par value of approximately $286.1 million at a current weighted average interest rate of 7.0%, with an asset coverage ratio of 162% and gross and net leverage of 1.6x.
Management highlighted balance-sheet actions including redeeming $40.0 million of 2026 Notes and reducing revolving credit borrowings during the quarter. Subsequent to quarter end, the company amended its KeyBank Credit Facility, reducing borrowing spreads by 30 basis points, extending the reinvestment period to August 6, 2029 and maturity to August 6, 2031, and increasing committed capacity from $75.0 million to $150.0 million, while using borrowings under the upsized facility to repay in full and terminate the JPMorgan revolving credit facility. The board approved regular monthly base distributions of $0.09 per share for each of October, November and December 2026, totaling $0.27 per share for the fourth quarter of 2026.
BCP Investment Corporation reported voting results from its annual meeting of stockholders held on June 25, 2026. Stockholders elected three directors — Jennifer Kwon Chou, Joseph Morea, and Robert Warshauer — each to serve until the 2029 annual meeting and until a successor is elected and qualifies.
As of April 27, 2026, 12,375,787 shares of common stock were outstanding and entitled to vote. Stockholders also ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
BCP Investment Corporation reported first quarter 2026 results showing stronger income but weaker net asset value. Total investment income rose to $17.6 million from $12.1 million a year earlier, while net investment income increased to $6.9 million, or $0.55 per share.
However, significant unrealized losses on investments led to a net decrease in net assets of $10.2 million, or $0.82 per share, and NAV fell to $15.60 from $16.68 at year-end 2025. Management highlighted that about 70% of the quarter’s unrealized depreciation was concentrated in software and software-exposed holdings. The company declared second-quarter 2026 total distributions of $0.30 per share, including a $0.03 supplemental payment, and set a third-quarter base distribution of $0.27 per share paid monthly.
BCP Investment Corporation entered into a note purchase agreement for $50,000,000 of 7.50% notes due 2029, issued under an effective shelf registration. The company plans to use the net proceeds to repay $40.0 million of 5.25% fixed-rate notes due 2026 and reduce other debt.
The new notes mature on September 24, 2029, pay 7.50% interest semi-annually starting April 30, 2026, and are general unsecured obligations ranking pari passu with other unsecured unsubordinated debt. The indenture includes asset coverage and reporting-related covenants and a commitment to use commercially reasonable efforts to maintain a rating on the notes.
BCP Investment Corporation reported that its wholly owned subsidiary, Great Lakes Portman Ridge Funding LLC, entered into a third amendment to its senior secured revolving credit facility with JPMorgan Chase Bank on March 9, 2026. The amendment decreases the aggregate financing commitments under the facility to $125,000,000. JPMorgan continues as administrative agent, U.S. Bank National Association remains collateral agent, securities intermediary and collateral administrator, and BCP Investment Corporation serves as portfolio manager. A conformed copy of the Loan and Security Agreement through this Third Amendment is filed as Exhibit 10.1.
BCP Investment Corporation reported full-year 2025 total investment income of $61.2 million, slightly below 2024, while net investment income rose to $25.1 million from $24.0 million. After realized losses and unrealized gains, net assets from operations increased $11.5 million, reversing a prior-year decline.
Net asset value per share was $16.68 as of December 31, 2025, down from $19.41 a year earlier. The company paid $1.97 per share in 2025 distributions and declared a Q1 2026 distribution of $0.32 per share, then will shift to a $0.09 monthly base distribution from April 2026 with potential quarterly supplements. 2025 was described as transformational, highlighted by the merger with Logan Ridge, a rebranding, new $75 million 7.75% 2030 notes and $35 million 7.50% 2028 notes, and redemption of 4.875% 2026 notes.
BCP Investment Corporation furnished an earnings update under Item 2.02, announcing a press release for the fiscal quarter ended September 30, 2025 and an accompanying investor presentation.
The press release (Exhibit 99.1) was dated November 6, 2025, and the investor presentation (Exhibit 99.2) was dated November 7, 2025. The materials are furnished, not filed, and are available on the company’s website.
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 (BCIC) announced that director Matthew Westwood resigned from its Board of Directors on October 14, 2025, as part of an effort to rationalize board size and reduce administrative expenses. The company stated his departure was not due to any dispute or disagreement regarding its operations, policies, or practices.
Following the resignation, the Board decreased its size to eight directors from nine, effective the same day, in accordance with its bylaws. Mr. Westwood previously served on the Audit, Compensation, and Nominating and Corporate Governance Committees. The company recently changed its name from Portman Ridge Finance Corporation to BCP Investment Corporation.