debt
confidence high
sentiment neutral
materiality 0.55
Crescent Capital BDC issues $185M in senior unsecured notes across three tranches
Crescent Capital BDC, Inc.
- Tranche A: $67.5M at 5.87%, due Feb 13, 2029; Tranche B: $67.5M at 6.20%, due Feb 13, 2031; Tranche C: $50M at 5.97%, due May 22, 2029.
- Interest payable semiannually starting Feb 13, 2026; closings on or before Feb 16, 2026 (Tranche A/B) and May 22, 2026 (Tranche C).
- Proceeds to repay existing debt and for general corporate purposes, including portfolio investments.
- Notes are unsecured, rank pari passu with other unsecured unsubordinated debt, and issued via private placement under Section 4(a)(2).