secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Capital BDC, Inc. (CCAP)
CIK:        0001633336
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001193125-21-311720
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Capital BDC enters $300M revolving credit facility, terminates Ally Bank facility
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- New $300 million senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as admin agent and lender.
- Borrowings bear interest at LIBOR + 1.875% (or Alternate Base Rate), replacing prior Ally facility at LIBOR + 2.35%.
- Drew approximately $103 million to repay and terminate existing Ally Credit Agreement.
- Proceeds may also be used to acquire portfolio investments and pay related expenses.
- Facility includes customary covenants, representations, and default provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633336/000119312521311720/0001193125-21-311720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633336/000119312521311720/d231225d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-311720

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