secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crescent Capital BDC, Inc. (CCAP)
CIK:        0001633336
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001193125-22-257293
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Capital BDC to acquire First Eagle Alternative Capital BDC in stock/cash deal
--------------------------------------------------------------------------------

- Combined company expected to have ~$1.6B of investments on a pro forma basis.
- FCRD holders receive CCAP shares valued at 100% of CCAP NAV, up to 19.99% cap, plus cash for any excess.
- Additional $35M cash payment from Crescent Cap Advisors to FCRD stockholders, ~$1.17/share.
- Transaction expected to close as early as Q4 2022, subject to FCRD stockholder approval.
- Sun Life Assurance of Canada committed to $20M of CCAP common stock via share purchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633336/000119312522257293/0001193125-22-257293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633336/000119312522257293/d254113d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-257293

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer