secwatch.observer — SEC 8-K summary
======================================

Issuer:     Investcorp Credit Management BDC, Inc. (ICMB)
CIK:        0001578348
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001193125-26-174045
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ICMB reports Q4 2025 portfolio: FMV $172.7M, senior secured 80.8%
-----------------------------------------------------------------

- Portfolio FMV of $172.7M across 37 companies, 18 industries, 67 positions as of Dec 31, 2025.
- Weighted-average coupon 9.1% (incl. PIK); net leverage 5.2x; interest coverage 2.2x.
- Top 10 holdings comprise 49.4% of FMV ($85.3M); largest is Bioplan at $11.4M FMV.
- Non-accrual rate 6.9%; 90% of FMV rated risk 2 or 3; portfolio LTV 46.3%.
- Weighted-average debt maturity 2.7 years; portfolio EBITDA $192M (median $53.7M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1578348/000119312526174045/0001193125-26-174045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1578348/000119312526174045/d20949d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-174045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer