Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 470

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 470
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 FCRX Unsecured Notes trade on the New York Stock Exchange under the trading symbol “FCRX”.Series 2023A Unsecured Notes On May 9, 2023, the Company completed a private offering of $50,000 aggregate principal amount of 7.54% senior unsecured notes due July 28, 2026 ("Series 2023A Unsecured Notes"). These notes were issued immediately after the repayment of $50,000 of the Series 2020A Unsecured Notes on July 28, 2023. The Series 2023A Unsecured Notes will mature on July 28, 2026 and may be redeemed in whole or in part, at the Company’s option, at any time or from time to time at par plus a “make-whole” premium, if applicable. Interest on the Series 2023A Unsecured Notes is due and payable semiannually in arrears on January 28 and July 28 of each year.Costs incurred in connection with issuing the Series 2023A Unsecured Notes were recorded as deferred financing costs and are being amortized over the life of the 2026 Unsecured Notes - Series 2023A on an straight line basis. As of December 31, 2024, and 2023, deferred financing costs related to the Series 2023A Unsecured Notes were $118 and $193, respectively, and were netted against debt outstanding on the Consolidated Statements of Assets and Liabilities. Series 2024A Unsecured Notes - 2028 and 2030 On December 20, 2024, the Company entered into the Third Supplement dated as of December 20, 2024 (the “Third Supplement”) by and among the Company and the qualified institutional investors named therein to the Note Purchase Agreement dated July 30, 2020 by and among the Company and the purchasers party thereto. The Third Supplement governed the issuance of a private offering to qualified institutional investors of up to (a) $35,000 in aggregate principal amount of senior unsecured notes due February 18, 2028 (the “Series 2024A Unsecured Notes - 2028”) and (b) $80,000 in aggregate principal amount of senior unsecured notes due February 18, 2030 (the “Series 2024A Unsecured Notes - 2030” and, together with the 2028 Notes, the “Series 2024A Notes”).