Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 330

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 330
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    —

    Change in unrealized depreciation on non-controlled and affiliated investments

    (1.9
    )

    (5.5
    )

    Change in unrealized appreciation on non-controlled and affiliated investments

    6.0

    1.0

    Change in unrealized depreciation on controlled and affiliated investments

    (14.9
    )

    (6.2
    )

    Change in unrealized appreciation on controlled and affiliated investments

    —

    5.0

    Change in unrealized depreciation on foreign currency forwards

    (0.2
    )

    —

    Change in unrealized appreciation on foreign currency forwards

    —

    (3.0
    )

    Net unrealized appreciation (depreciation) on investments
     
    $
    (12.1
    )
     
    $
    13.2

    Net realized and unrealized gains (losses) on investments
     
    $
    (15.8
    )
     
    $
    0.3

Hedging 

We may, but are not required to, enter into interest rate, foreign exchange or other derivative agreements to hedge interest rate, currency, credit or other risks. Generally, we do not intend to enter into any such derivative agreements for speculative purposes. Any derivative agreements entered into for speculative purposes are not expected to be material to our business or results of operations. These hedging activities, which are in compliance with applicable legal and regulatory requirements, may include the use of various instruments, including futures, options and forward contracts. We bear the costs incurred in connection with entering into, administering and settling any such derivative contracts. There can be no assurance any hedging strategy we employ will be successful. 

During the years ended December 31, 2024, and 2023, our average U.S. Dollar notional exposure, calculated daily on a weighted average based on the duration of each forward contract, to foreign currency forward contracts were $55.5 million and $97.4 million, respectively. 

63

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES 

The primary uses of our cash and cash equivalents are for (1) investments in portfolio companies and other investments; (2) the cost of operations (including paying the Adviser); (3) debt service, repayment, and other financing costs; and (4) cash distributions to the holders of our common stock. We expect to generate additional liquidity from (1)