BDCs
BDC Quick Recap: Crescent Capital BDC Inc. (CCAP) as of March 31st, 2023
Crescent Capital BDC Inc. (CCAP) filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Crescent Capital BDC Inc. (CCAP) for the three-month period ended March 31st, 2023.
Portfolio Stats
| FMV | $1.57B |
| # of Investments | 580 |
| Total unused commitments to extend financing | $159.6M |
| Portfolio Companies | 189 |
Portfolio Composition
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Source: SOLVE Fixed Income, Crescent Capital BDC Inc. (CCAP)
Portfolio Credit Quality
| Non-Accruals Cost | $40.7M |
| # of Non-Accruals | 16 |
| # of Portfolio at Cost | 2.53% |
| New Non-Accruals | OEM Group Inc, Loadmaster Derrick Equipment, Matilda Jane |
Source: SOLVE Fixed Income, Crescent Capital BDC Inc. (CCAP)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| HealthDrive Corporation | Unitranche First Lien Term Loan | Health Care Equipment & Services | $9.5M | 12/31/2023 | S+575 |
| OEM Group LLC | Senior Secured First Lien Term Loan | Semiconductor and Semiconductor Equipment | $9.0M | 9/30/2025 | N/A |
| Riveron Acquisition Holdings Inc | Senior Secured First Lien Term Loan | Diversified Financials | $8.0M | 5/31/2025 | L+575 |
Source: SOLVE Fixed Income, Crescent Capital BDC Inc. (CCAP)
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