Core Viewpoint - Crescent Capital BDC, Inc. reported a decrease in net investment income and net asset value for the quarter ended March 31, 2025, indicating potential challenges in its financial performance compared to previous periods [1][3][6]. Financial Performance - Net investment income per share was $0.45 for Q1 2025, down from $0.55 in Q4 2024 and $0.63 in Q1 2024 [3][6]. - Net income per share was reported at $0.11 for Q1 2025, a decrease from $0.27 in Q4 2024 and $0.76 in Q1 2024 [3][6]. - Total investment income decreased to $42.1 million in Q1 2025 from $46.4 million in Q4 2024 [6][7]. - The net asset value (NAV) per share was $19.62 as of March 31, 2025, down from $19.98 at the end of 2024 [1][3]. Dividend Declarations - The Board declared a regular cash dividend of $0.42 per share for Q2 2025, payable on July 15, 2025 [2]. - A special dividend of $0.05 per share will be paid on June 13, 2025, as part of three previously announced special dividends [2]. Investment Activity - As of March 31, 2025, the company had investments in 191 portfolio companies with a fair value of $1,620.7 million, an increase from $1,598.9 million as of December 31, 2024 [4][5]. - The company invested $104.7 million across 10 new portfolio companies during Q1 2025, compared to $127.1 million across 14 new companies in Q4 2024 [5]. Portfolio Composition - The portfolio's fair value included $400.3 million in senior secured first lien investments (24.8% of total) and $1,048.9 million in unitranche first lien investments (64.7% of total) as of March 31, 2025 [4][5]. Liquidity and Capital Resources - As of March 31, 2025, the company had $30.5 million in cash and cash equivalents and $310.0 million of undrawn capacity on its credit facilities [8]. - The debt to equity ratio was reported at 1.25x as of March 31, 2025 [8].

Financial Performance - Crescent Capital BDC reported net investment income of $0.45 per share and net income of $0.11 per share for Q1 2025, compared to $0.55 and $0.27 per share in Q4 2024, respectively[2][4]. - Investment income decreased to $42.1 million in Q1 2025 from $46.4 million in Q4 2024, primarily due to a decline in interest income[6]. - Total investment income for Q1 2025 was $42,129 million, a decrease of 16.4% from $50,361 million in Q1 2024[15]. - Net investment income for Q1 2025 was $16,621 million, down 28.7% from $23,317 million in Q1 2024[15]. - The net increase in net assets resulting from operations was $3,904 million for Q1 2025, significantly lower than $28,005 million in Q1 2024[15]. - Net investment income per share for Q1 2025 was $0.45, a decrease of 28.6% from $0.63 in Q1 2024[15]. - Total expenses for Q1 2025 were $25,059 million, down 6.3% from $26,752 million in Q1 2024[15]. Investment Activity - Total investments at fair value increased to $1,620.7 million as of March 31, 2025, from $1,598.9 million as of December 31, 2024, with investments in 191 portfolio companies[4][5]. - Crescent Capital BDC invested $104.7 million across 10 new portfolio companies in Q1 2025, compared to $127.1 million across 14 new companies in Q4 2024[5]. - The net change in unrealized losses was $(6.2) million for Q1 2025, compared to $(7.3) million in Q4 2024[4]. - Net realized and unrealized losses on investments totaled $12,717 million in Q1 2025, compared to gains of $4,349 million in Q1 2024[15]. Income and Yield - The weighted average yield on income-producing securities decreased to 10.4% in Q1 2025 from 10.9% in Q4 2024[4]. - Interest income from non-controlled non-affiliated investments decreased to $36,978 million in Q1 2025 from $43,564 million in Q1 2024, a decline of 15.1%[15]. Dividends and Cash Position - The company declared a second quarter 2025 regular cash dividend of $0.42 per share, consistent with the previous quarter[3]. - Cash and cash equivalents, along with restricted cash, totaled $30.5 million as of March 31, 2025[8]. Debt and Equity - The company's debt to equity ratio was 1.25x as of March 31, 2025, with total liabilities of $939.4 million[8][13]. - The weighted average shares outstanding remained constant at 37,061,547 for both Q1 2025 and Q1 2024[15]. Company Overview - Crescent BDC is focused on providing capital solutions to middle market companies with strong growth prospects[16]. - Crescent BDC has $46 billion in assets under management, emphasizing its significant market presence[17].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number 814-01132 Crescent Capital BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) Registrant's Telephone Number, Including Area Code: (310) 235-5900 Securiti ...

LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 14, 2025 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, May 15, 2025 at 12:00 p.m. Eastern Time to discuss its first quarter ended March 31, 2025 financial results. Conference Call Information: The conference call will be ...

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Investors in Crescent Capital BDC, Inc. (CCAP) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 19, 2025 $10.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

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Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2024 Earnings Conference Call February 20, 2025 ET Company Participants Dan McMahon - Head, IR Jason Breaux - CEO Henry Chung - President Gerhard Lombard - CFO Conference Call Participants Robert Dodd - Raymond James Mickey Schleien - Ladenburg Paul Johnson - KBW Operator Thank you for standing by. My name is Janine, and I will be your lead operator for today's call. At this time, I would like to welcome everyone to the Q4 Crescent Capital BDC, Inc. Earnings Confe ...

Financial Data and Key Metrics Changes - The company reported a net investment income (NII) of $0.55 per share for Q4 2024, down from $0.64 in the prior quarter and $0.61 in Q4 2023, reflecting a decline due to lower investment portfolio yield and non-recurring income [6][26] - The net asset value (NAV) per share decreased by $0.22 to $19.98, with a year-over-year decline of 0.3% [8][28] - Total investment income for Q4 was $46.4 million, compared to $51.6 million in the prior quarter [26] Business Line Data and Key Metrics Changes - The investment portfolio consisted of approximately $1.6 billion across 185 companies, with 90% in first lien loans [9][10] - The weighted average yield of income-producing securities at cost decreased to 10.9% [22] - Non-accruals represented 0.9% of total debt investments at fair value, below the industry average [15] Market Data and Key Metrics Changes - Deal activity increased in Q4 due to lower borrowing costs and a favorable economic outlook, with gross deployment totaling $127 million [17][19] - The weighted average loan-to-value of new investments was 38%, indicating a strong equity cushion [20] Company Strategy and Development Direction - The company continues to focus on non-cyclical industries and maintain a diversified portfolio, with a proactive approach to managing investments [11][14] - The management anticipates increased M&A activity due to favorable conditions, including significant private equity dry powder and a conducive regulatory environment [35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic indicators and the potential for stability in near-term base rates, which could positively impact LBO activity [35][36] - The company remains committed to disciplined credit underwriting and capital preservation [36] Other Important Information - A regular dividend of $0.42 per share was declared for Q1 2025, with special dividends also announced [15][33] - The company has sufficient liquidity with $338 million of undrawn capacity and $39 million in cash equivalents [32] Q&A Session Summary Question: What drove the increase in pre-dated assets? - Management noted that the seven new names added to the watch list had specific company challenges, with attention to thematic or industry indicators [40][41] Question: What is the exposure to tariffs and government contracting? - Management indicated that approximately 12% of the portfolio sources materials from foreign suppliers, and less than 5% derives revenue from government contracts [48][49] Question: What were the drivers of realized and unrealized gains and losses? - The increase in unrealized losses was attributed to a slight increase in three-rated assets and a pickup in non-accruals [65] Question: Are the new non-accruals Crescent originated investments? - One of the three new non-accruals was Crescent originated, while the other two were legacy investments [70] Question: What is the current market spread situation? - Management noted that the weighted average spread of investments was around 500 basis points, with some transactions in the mid to high fours [76][80]