debt
confidence high
sentiment neutral
materiality 0.50
BCP Investment issues $10M of 7.50% notes due 2029 to refinance LRFC notes
BCP Investment Corp
- Issued $10M aggregate principal of 7.50% notes due 2029 on Sept 2, 2026, consolidated with existing $50M notes.
- Net proceeds to repay $10M of LRFC 5.25% notes due 2026 and other indebtedness; redemption notice within 10 days.
- Notes mature Sept 24, 2029; interest 7.50% paid semi-annually Apr 30 and Oct 30.
- Optional redemption at make-whole premium before Apr 24, 2029, then at par; closing Sept 3, 2026.
- Lucid Capital Markets acted as financial advisor; notes are unsecured, rank pari passu with existing unsecured debt.