debt
confidence high
sentiment neutral
materiality 0.60
Crescent Capital BDC closes $135M senior notes issuance; swaps to floating rate
Crescent Capital BDC, Inc.
- Issued $67.5M Tranche A notes at 5.87% due Feb 2029 and $67.5M Tranche B notes at 6.20% due Feb 2031.
- Entered interest rate swaps: receive fixed 5.87%/6.20%, pay 3-month SOFR + 2.5325%/2.8050%.
- Tranche C $50M issuance expected May 22, 2026 subject to customary closing conditions.
- Notes are senior unsecured obligations of the Company.