debt
confidence high
sentiment neutral
materiality 0.60
BCP Investment Corporation issues $110M in new senior notes at 7.50%-7.75% to redeem outstanding 4.875% notes due 2026
BCP Investment Corp
- Issued $35M 7.50% notes due 2028 and $75M 7.75% notes due 2030, aggregate $110M.
- Net proceeds to redeem $108M of 4.875% notes due 2026; redemption expected November 13, 2025.
- Notes sold at 98.50% (2028) and 97.75% (2030) of principal; rated BBB- by Egan-Jones.
- New notes are senior unsecured, rank pari passu with other unsecured unsubordinated debt.