Company: FCRX
Filing Date: 2025-07-14
Form Type: N-2/A
Source: 0001193125-25-158263
Chunk: 28

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-07-14
Form: N-2/A
Chunk 28
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 to sell a portion of our investments to repay some debt when we are otherwise disadvantageous for us to do so. This could have a material adverse effect on our operations, and we may not be able to make distributions.

The amount of leverage that we employ will depend on the Advisor’s assessment of market and other factors at the time of any proposed borrowing. We cannot assure stockholders that we will be able to obtain credit at all or on terms acceptable to it.

The following table illustrates the effect on return to a holder of our common stock of the leverage created by our use of borrowing at the weighted average stated interest rate of 6.36% as of March 31, 2025, together with (a) our total value of net assets as of March 31, 2025; (b) approximately $911.6 million in aggregate principal amount of indebtedness outstanding as of March 31, 2025 and (c) hypothetical annual returns on our portfolio of minus 15% to plus 15%.

| Assumed Return on Portfolio (Net of Expenses)(1) |     | —10.00 | % |     |  —5.00 | % |     |     0 | % |     | 5.00 | % |     | 10.00 | % |
| Corresponding Return to Common Stockholders(2)   |     | —29.86 | % |     | —18.92 | % |     | —7.97 | % |     | 2.97 | % |     | 13.91 | % |

| (1) | The assumed portfolio return is required by SEC regulations and is not a prediction of, and does not represent, our projected or actual performance. Actual returns may be greater or less than those appearing in the table. Pursuant to SEC regulations, this table is calculated as of March 31, 2025. As a result, it has not been updated to take into account any changes in assets or leverage since March 31, 2025. |

| (2) | In order to compute the “Corresponding Return to Common Stockholders,” the “Assumed Return on Portfolio” is multiplied by the total value of our assets at March 31, 2025 to obtain an assumed return to us. From this amount, the interest expense (calculated by multiplying the weighted average stated interest rate of 6.36% by the approximately $911.6 million of principal debt outstanding) is subtracted