Crescent Capital BDC Secures $185 Million in New Senior Unsecured Notes Financing

Reuters11-04
Crescent Capital BDC Secures $185 Million in New Senior Unsecured Notes Financing

Crescent Capital BDC Inc. has entered into a Fourth Supplement to its Note Purchase Agreement with qualified institutional investors, allowing for the issuance of up to $185 million in senior unsecured notes across three tranches: $67.5 million due February 13, 2029 (Tranche A Notes), $67.5 million due February 13, 2031 (Tranche B Notes), and $50 million due May 22, 2029 (Tranche C Notes). The proceeds are intended to repay certain existing indebtedness and for general corporate purposes, including investments in portfolio companies. The notes, offered in a private placement, are general unsecured obligations and feature customary covenants and events of default.

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