---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-140393"
form_type: "8-K"
ticker: "ICMB"
cik: "0001578348"
company_name: "Investcorp Credit Management BDC, Inc."
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:50:30.009738+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ICMB posts Q4 NAV drop to $4.25, suspends dividend, launches strategic review

## Summary
- NAV per share fell to $4.25 from $5.04; net assets decreased $11.4M (-15.65%) in the quarter.
- Net investment income before taxes $0.3M ($0.02/share); net decrease in net assets from operations ($9.4M).
- Board initiated strategic alternatives review led by Special Committee; no dividend declared for current quarter.
- Refinanced $65M 4.875% Notes with floating-rate unsecured notes (SOFR+5.5%) due July 2029 from adviser affiliate.
- Portfolio at fair value $172.7M (37 companies); weighted average yield on debt 10.56%.

## SEC filing metadata
- accession: 0001193125-26-140393
- form_type: 8-K
- ticker: ICMB
- cik: 0001578348
- company_name: Investcorp Credit Management BDC, Inc.
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1578348/000119312526140393/0001193125-26-140393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1578348/000119312526140393/d130844d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-140393
- JSON: https://secwatch.observer/filing/0001193125-26-140393.json
- Plain text: https://secwatch.observer/filing/0001193125-26-140393.txt

## Key facts
- Earnings Releases
  Investcorp Credit Management BDC, Inc. reported financial results for fiscal quarter and year ended December 31, 2025.
  - Period: fiscal quarter and year ended December 31, 2025
  - Result: reported results
  source text: On March 30, 2026, Investcorp Credit Management BDC, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter and fiscal period ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1578348/000119312526140393/0001193125-26-140393-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.