secwatch.observer — SEC 8-K summary
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Issuer:     BCP Investment Corp (BCIC)
CIK:        0001372807
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001193125-22-217548
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portman Ridge Q2 NII $0.57/shr; NAV falls to $27.26; non-accruals halved
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- Net investment income $5.5M ($0.57/shr) vs $11.7M ($1.51) in Q2 2021; net loss per share $0.88.
- NAV per share $27.26, down 5% from Q1 2022; total investments at fair value $581.5M.
- Non-accrual debt investments reduced to 3 (from 6 in Q1); portfolio yield rose to 8.7%.
- Refinanced credit facility: SOFR benchmark, margin cut to 2.80%, maturity extended to April 2026.
- Maintained $0.63 quarterly dividend; repurchased 106,627 shares in Q2 for $2.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372807/000119312522217548/0001193125-22-217548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372807/000119312522217548/d352188d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-217548

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