BCP Investment Corp reported the first quarter ended March 31, 2026 results: revenue $17.6 million, net income $6.9 million, EPS $0.55 per share.
“BCP Investment Corporation (NASDAQ: BCIC) (“BCIC” or “the Company”) announced today its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights • Total investment income for the first quarter of 2026 increased to $17.6 million, from $17.5 million for the fourth quarter of 2025. • Core investment income , excluding the impact of purchase price accounting, for the first quarter of 2026 increased to $14.8 million, as compared to $14.2 million for the fourth quarter of 2025. • Net investment income (“NII”) for the first quarter of 2026 was $6.9 million ($0.55 per share), as compared to $7.4 million ($0.57 per share) in the fourth quarter of 2025.”
Debt Financings
BCP Investment Corp incurred senior notes of $50,000,000 with Institutional investors at 7.50% per year maturing September 24, 2029.
“On March 20, 2026, BCP Investment Corporation (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”), by and among the Company and each purchaser named therein (the “Purchasers”), in connection with the issuance and sale of $ 50,000,000 in aggregate principal amount of the Company’s 7.50% notes due 2029 (the “Notes”)”
Material Agreements
BCP Investment Corp entered into Sixth Supplemental Indenture with U.S. Bank Trust Company, National Association (effective 2026-03-20).
“In conjunction therewith, the Company and U.S. Bank Trust Company, National Association (the “Trustee”) entered into a Sixth Supplemental Indenture relating to the Notes (the “Supplemental Indenture”), which supplements that certain Base Indenture, dated as of October 10, 2012”
Material Agreements
BCP Investment Corp entered into Note Purchase Agreement with each purchaser named therein valued at $50,000,000 (effective 2026-03-20).
“On March 20, 2026, BCP Investment Corporation (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”), by and among the Company and each purchaser named therein (the “Purchasers”), in connection with the issuance and sale of $ 50,000,000 in aggregate principal amount of the Company’s 7.50% notes due 2029”
Debt Financings
BCP Investment Corp amended revolving credit of $125,000,000 with JPMorgan Chase Bank, National Association.
“provided for a decrease in the aggregate financing commitments under the Revolving Credit Facility to $125,000,000.”
Material Agreements
BCP Investment Corp amended Third Amendment with Great Lakes Portman Ridge Funding LLC valued at $125,000,000 (effective 2026-03-09).
“On March 9, 2026, Great Lakes Portman Ridge Funding LLC (“SPV”), a wholly-owned subsidiary of BCP Investment Corporation (the “Company”), entered into a third amendment (the “Third Amendment”) to its senior secured revolving credit facility dated December 18, 2019”
Governance Changes
BCP Investment Corp: The company amended its certificate of incorporation to change its name from 'Portman Ridge Finance Corporation' to 'BCP Investment Corporation', effective post-market close on August 22, 2025 (effective 2025-08-22).
“On August 20, 2025, the Company filed a certificate of amendment (the "Certificate of Amendment") to its certificate of incorporation (the "Certificate") to change its name from "Portman Ridge Finance Corporation" to "BCP Investment Corporation".”
Debt Financings
BCP Investment Corp incurred convertible notes of $2.5 million at 6.00% maturing due April 1, 2032.
“The Assignment and Assumption Agreement relates to the Company’s assumption of $2.5 million in aggregate principal amount of 6.00% 2032 Convertible Notes, due April 1, 2032 (the “2032 Notes”)”
Debt Financings
BCP Investment Corp incurred senior notes of $50,000,000 million with U.S. Bank Trust Company, National Association at 6.00% maturing due 2026.
“The Fifth Supplemental Indenture relates to the Company’s assumption of $50,000,000 million in aggregate principal amount of LRFC’s 6.00% Notes due 2026 (the “2026 Notes”).”
M&A Transactions
BCP Investment Corp completed an acquisition involving Logan Ridge Finance Corporation for approximately 4.0 million shares of PTMN common stock (closed 2025-07-15).
“LRFC was converted into the right to receive 1.5 shares of common stock, par value $0.01 per share, of the Company. As a result, the Company issued an aggregate of approximately 4.0 million shares of its common stock to LRFC’s former stockholders. The foregoing description of the Merger Agreement is a summary only and is qualified in its entirety by reference to the”
Earnings Releases
BCP Investment Corp reported first quarter ended March 31, 2024 results: revenue $16.5 million, net income $6.2 million ($0.67 per share), EPS $0.67 per share.
“announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Total investment income for the first quarter of 2024 was $16.5 million (inclusive of the reversal $0.4 million, or $0.04 per share, of previously accrued income on two loans that were placed on non-accrual status in the first quarter), as compared”
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