8-K
filed July 28, 2023, 7:59 PM ET
ticker CCAP
CIK 0001633336
debt
confidence high
sentiment neutral
materiality 0.50
Crescent Capital BDC, Inc. (CCAP): debt financing — Crescent Capital BDC issues $50M 7.54% senior notes due 2026, repays $51.5M in 5.95% notes
Crescent Capital BDC, Inc.
- Issued $50M aggregate principal of 7.54% senior unsecured notes due July 28, 2026.
- Repaid ~$51.5M to retire all outstanding $50M 5.95% Series 2020A Notes with accrued interest.
- Interest rate may increase up to 1.00% if notes lack BBB- rating; change-in-control put exists.
- Notes rank pari passu with unsecured unsubordinated debt; net proceeds for debt repayment and general purposes.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Crescent Capital BDC, Inc. incurred senior notes of $50 million with Qualified Institutional Investors at 7.54% maturing July 28, 2026.
- Instrument
- senior notes
- Principal
- $50 million
- Counterparty
- Qualified Institutional Investors
- Rate
- 7.54%
- Maturity
- July 28, 2026
- Event
- incurrence
Exact text from the filing
On July 28, 2023, Crescent Capital BDC, Inc., a Maryland corporation (the “ Company ”) issued approximately $50 million in aggregate principal amount of 7.54% senior unsecured notes due July 28, 2026 (the “ Series 2023A Notes ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Crescent Capital BDC, Inc. entered into Second Supplement to the Note Purchase Agreement with qualified institutional investors named therein valued at approximately $50 million (effective 2023-05-08).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- qualified institutional investors named therein
- Value
- approximately $50 million
- Effective
- 2023-05-08
Exact text from the filing
the Company, entered into a Second Supplement to the Note Purchase Agreement (the “ Second Supplement ”) by and among the Company, the qualified institutional investors named therein (the “ Series 2023A Additional Purchasers ”) governing the issuance of the 2023A Notes
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Crescent Capital BDC, Inc. terminated Series 2020A Notes valued at $50 million (effective 2023-07-28).
- Action
- termination
- Agreement
- notes offering
- Value
- $50 million
- Effective
- 2023-07-28
Exact text from the filing
The Company also repaid all outstanding indebtedness and interest on $50 million in aggregate principal amount of its 5.95% senior unsecured notes due July 30, 2023 (the “ Series 2020A Notes ”).
View on SEC.gov
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