---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-147646"
form_type: "8-K"
ticker: "BCIC"
cik: "0001372807"
company_name: "BCP Investment Corp"
filed_at: "2022-05-11T23:59:59+00:00"
generated_at: "2026-06-25T20:39:56.418826+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Portman Ridge Q1 NII $0.82/shr; NAV flat at $28.76; refinances JPM credit facility

## Summary
- NII of $7.9M ($0.82/shr) vs $8.2M ($1.09/shr) in Q1 2021; total investment income $16.9M.
- NAV per share $28.76, relatively flat from $28.88 in Q4 2021; non-accruals reduced to 6 from 7.
- Refinanced JPM credit facility: margin reduced to 2.80%, switched to SOFR, maturity extended to 2026.
- Declared Q2 dividend $0.63/shr, payable June 7; deployed ~$35M post-quarter in new investments.
- Interest rate sensitivity: 87% floating rate loans; 1% rate increase would add ~$1.5M annual NII.

## SEC filing metadata
- accession: 0001193125-22-147646
- form_type: 8-K
- ticker: BCIC
- cik: 0001372807
- company_name: BCP Investment Corp
- filed_at: 2022-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372807/000119312522147646/0001193125-22-147646-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372807/000119312522147646/d355071d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-147646
- JSON: https://secwatch.observer/filing/0001193125-22-147646.json
- Plain text: https://secwatch.observer/filing/0001193125-22-147646.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.