Investcorp Credit Management BDC Inc
NASDAQ:ICMB
Investcorp Credit Management BDC Inc
Investcorp Credit Management BDC Inc is a US-based company operating in Capital Markets industry. The company is headquartered in New York City, New York. The company went IPO on 2014-02-06. Investcorp Credit Management BDC, Inc. is an externally managed, non-diversified closed-end management investment company. The firm is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The firm's primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held middle-market companies to help these companies fund acquisitions, growth or refinancing. The firm's subsidiary is CM Finance SPV Ltd. (CM SPV). CM Investment Partners LLC is an external investment advisor of the Company. The firm seeks to invest primarily in middle-market companies in the form of unitranche loans, standalone first and second lien and mezzanine loans. The company also invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments.
Investcorp Credit Management BDC Inc is a US-based company operating in Capital Markets industry. The company is headquartered in New York City, New York. The company went IPO on 2014-02-06. Investcorp Credit Management BDC, Inc. is an externally managed, non-diversified closed-end management investment company. The firm is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The firm's primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held middle-market companies to help these companies fund acquisitions, growth or refinancing. The firm's subsidiary is CM Finance SPV Ltd. (CM SPV). CM Investment Partners LLC is an external investment advisor of the Company. The firm seeks to invest primarily in middle-market companies in the form of unitranche loans, standalone first and second lien and mezzanine loans. The company also invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments.
NII Decline: Net investment income before taxes was $0.6 million or $0.04 per share, down $0.02 per share from last quarter due to lower income-earning assets and loss of PIK income from Fusion's preferred equity on nonaccrual.
Portfolio Health: Nonaccruals rose to 4.4% of fair value from 1.6% last quarter, but portfolio risk ratings and interest coverage improved, showing continued stability.
Backstop Commitment: Investcorp Capital provided a $65 million backstop commitment to fully refinance 4.78% notes due April 2026, enhancing financial flexibility and balance sheet strength.
Investment Activity: New investment activity was light, with $25,000 invested in 4L Technologies and $6.5 million realized from two portfolio exits, generating IRRs of 11.5% and 13.7%.
Dividend Declared: Board declared a $0.12 per share distribution plus $0.02 supplemental, payable December 12, 2025.
Market Environment: Management noted slower deal flow, refinancing, and originations, with spreads compressing and a focus on credit quality over yield.
