BDCs
BDC Quick Recap: Investcorp Credit Management BDC (ICMB) as of December 31st, 2022
Investcorp Credit Management BDC (ICMB) filed its earnings Monday afternoon and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Investcorp Credit Management BDC (ICMB) for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $228.6M |
| # of Investments | 61 |
| Total unused commitments to extend financing | $8.6M |
| Portfolio Companies | 37 |
| Portfolio Composition | |
| First Lien | 84.00% |
| Second Lien | 6.30% |
| Equity and Other | 9.70% |
Source: SOLVE Fixed Income, Investcorp Credit Management BDC (ICMB)
Portfolio Credit Quality
| Non-Accruals Cost | $4.44M |
| # of Non-Accruals | 8 |
| # of Portfolio at Cost | 16.20% |
| New Non-Accruals | Bioplan USA Inc. |
Source: SOLVE Fixed Income, Investcorp Credit Management BDC (ICMB)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| Flatworld Intermediate Corporation | Senior Secured First Lien Debt Investments | IT Services | $2.4M | 10/1/2027 | S+600 |
Source: SOLVE Fixed Income, Investcorp Credit Management BDC (ICMB)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
| Barri Financial Group LLC | Senior Secured First Lien Debt Investments | Consumer Finance | $11.2M | 6/30/2026 | L+775 |
Source: SOLVE Fixed Income, Investcorp Credit Management BDC (ICMB)
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