Investment Performance - As of March 31, 2025, the total investments at fair value amounted to $1,620.7 million, an increase from $1,598.9 million as of December 31, 2024[339]. - The company made new investments totaling $104.7 million for the three months ended March 31, 2025, compared to $73.9 million for the same period in 2024, representing an increase of 41.0%[340]. - The number of portfolio companies increased to 191 as of March 31, 2025, up from 185 as of December 31, 2024[340]. - The company reported a net increase in the portfolio of $26.7 million for the three months ended March 31, 2025, compared to a net decrease of $24.5 million for the same period in 2024[340]. Debt and Financing - The percentage of debt bearing a floating rate (at fair value) was 97.2% as of March 31, 2025, slightly down from 97.3% as of December 31, 2024[340]. - Total debt as of March 31, 2025, is $1,221.6 million, with a carrying amount of $911.6 million[367]. - The combined weighted average interest rate for borrowings was 6.49% for the three months ended March 31, 2025, down from 6.97% in the same period of 2024[369]. - The weighted average outstanding balance of borrowings was $902.4 million for the three months ended March 31, 2025, compared to $858.6 million in 2024[384]. - The interest expense for borrowings was $13.7 million for the three months ended March 31, 2025, down from $14.7 million in 2024[384]. Income and Expenses - Total investment income decreased from $50.4 million in Q1 2024 to $42.1 million in Q1 2025, primarily due to a decline in benchmark rates[348][349]. - Net investment income for Q1 2025 was $16.6 million, down from $23.4 million in Q1 2024, reflecting lower investment income earned[360]. - Total net expenses, including taxes, decreased from $27.0 million in Q1 2024 to $25.5 million in Q1 2025[348]. - The company reported net realized and unrealized losses of $12.7 million in Q1 2025, compared to gains of $4.3 million in Q1 2024[361]. - Dividend income fell from $3.3 million in Q1 2024 to $1.5 million in Q1 2025, attributed to lower income from an investment[350]. Compliance and Regulations - The company is required to invest at least 70% of its assets in qualifying assets as per the 1940 Act, ensuring compliance with regulatory requirements[327]. - The use of leverage is permitted to maintain an asset coverage ratio of at least 150% after borrowing, which could impact returns to stockholders[337]. - The company was in compliance with asset coverage requirements and financial covenants as of March 31, 2025[366]. - The asset coverage ratio as of March 31, 2025, was 179%, compared to 183% as of December 31, 2024[386]. Cash and Liquidity - As of March 31, 2025, the company had $30.5 million in cash and cash equivalents and $310.0 million of undrawn capacity on credit facilities[365]. - The company expects to generate additional liquidity from future offerings of securities and cash flows from operations[364]. - Unfunded commitments to provide funds to portfolio companies totaled $212.4 million as of March 31, 2025, slightly down from $212.5 million at the end of 2024[387]. Interest Rate and Currency Risk - The annualized impact of a 100 basis point increase in interest rates would result in a net interest income of $9.6 million, while a 100 basis point decrease would lead to a net interest income loss of $9.6 million[394]. - The company may utilize hedging instruments such as interest rate swaps, futures, options, and forward contracts to manage interest rate fluctuations[398]. - The company regularly assesses its exposure to interest rate risk by comparing interest rate-sensitive assets to liabilities[392]. - The analysis of interest rate sensitivity does not account for changes in credit market conditions or the composition of the asset portfolio, which may affect net income[397]. - The company may employ hedging techniques to minimize currency risk, but effectiveness cannot be guaranteed[399]. - Interest rate-sensitive assets and liabilities are monitored on an ongoing basis to determine the necessity of hedging transactions[392]. - The company acknowledges that future hedging transactions may limit participation in benefits from lower interest rates[398].

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 ...

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.Spring is in full swing and for many, that means cleaning out the cobwebs in the garage after a long winter. For investors, that could also mean revisiting o ...

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 ...

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium ...

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - A contrarian mindset is beneficial for dividend investors seeking higher yields compared to the S&P 500 [2] Group 2 - The article emphasizes the importance of due diligence and personal conclusions in investment decisions [4][5]

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]

Crescent Capital BDC, Inc. Quarterly Earnings Presentation December 31, 2024 Disclaimer and Forward-Looking Statement This presentation (the "Presentation") has been prepared by Crescent Capital BDC, Inc. (together with its consolidated subsidiaries, "CCAP," "Crescent BDC" or the "Company") and may be used for informational purposes only. This Presentation contains summaries of certain financial and statistical information about the Company and should be viewed in conjunction with the Company's most recent ...

Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.79%. A quarter ago, it was expected that this company would post earnings of $0.57 per share when it actually produced earnings of $0.64, delivering a surprise of 12.28%.Over the last four quarters, the com ...