debt
confidence high
sentiment neutral
materiality 0.55
Crescent Capital BDC issues $115M senior notes at 6.77% and 6.90%
Crescent Capital BDC, Inc.
- $35M 6.77% notes due Feb 18, 2028; $80M 6.90% notes due Feb 18, 2030.
- Interest payable semiannually; rates subject to 1.00% increase on trigger events.
- Net proceeds to repay existing debt and for general corporate purposes.
- Notes are unsecured, rank pari passu; sale expected by Feb 18, 2025.
- Issued via private placement under Section 4(a)(2); not registered.