secwatch.observer — SEC 8-K summary
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Issuer:     BCP Investment Corp (BCIC)
CIK:        0001372807
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001193125-22-147646
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372807/000119312522147646/0001193125-22-147646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372807/000119312522147646/d355071d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-147646

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