Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 465

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 465
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        Discount Rate

        18.2%

        48,474

        Enterprise Value
         
        Comparable EBITDA Multiple
         
        1.8x
        -
        28.4x
        (16.4x)

        $
        48,909

        Total
         
        $
        1,470,147

       (1)Weighted average is calculated based upon fair value.  The significant unobservable inputs used in the fair value measurement of the Company’s debt and equity securities are primarily earnings before interest, taxes, depreciation and amortization (“EBITDA”), revenue, comparable multiples and market discount rates.  The Company typically uses comparable EBITDA or revenue multiples on its equity securities to determine the fair value of investments. The Company uses discount rates for debt securities to determine if the effective yield on a debt security is commensurate with the market yields for that type of debt security. •The significant unobservable inputs used in the discounted cash flow approach is the discount rate used to discount the estimated future cash flows expected to be received from the underlying investment, which include both future principal and interest payments. Increases and decreases in the discount rate would result in a decrease and increase in the fair value, respectively. Included in the consideration and selection of discount rates is risk of default, rating of the investment, call provisions and comparable company investments. •The significant unobservable inputs used in the market multiple approach are the multiples of similar companies’ EBITDA, revenue and comparable market transactions. Increases and decreases in market EBITDA multiples and revenue would result in an increase or decrease in the fair value, respectively. •The recovery rate represents the extent to which proceeds can be recovered. An increase/decrease in the recovery rate would result in an increase/decrease, respectively, in the fair value. The transaction precedent represents an observable transaction or a pending event for the investment. 

156

Note 6. Debt Debt consisted of the following (in thousands):  

        December 31, 2024

        December 31, 2023

        Aggregate Principal Amount Committed

        Drawn Amount

        Amount Available (1)

        Carrying Value(2)(3)

        Aggregate Principal Amount Committed

        Drawn Amount

        Amount Available (1)

        Carrying Value(2)

        SPV Asset Facility
        $
        500,000

        $
        344,850

        $
        155,150