Company: FCRX
Filing Date: 2025-06-06
Form Type: N-2/A
Source: 0001193125-25-137120
Chunk: 18

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-06-06
Form: N-2/A
Chunk 18
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 rate of 1.25% of our average gross assets, including assets purchased with borrowed funds or other forms of leverage, but, excluding cash, cash equivalents, restricted cash and investments in WhiteHawk III Onshore Fund LP (“WhiteHawk”) and Freeport Financial SBIC Fund LP (“Freeport Financial”). For more detailed information about the base management fee and the Investment Advisory Agreement, please see Note 3 to our consolidated financial statements for the quarter ended March 31, 2025. |

| (7) | The incentive fee referenced in the table above is estimated by annualizing the actual incentive fees incurred during the three months ended March 31, 2025. The incentive fee consists of two parts, one based on income and the other based on capital gains, that are determined independent of each other, with the result that one component may be payable even if the other is not: |

| • |     | The first part, the income incentive fee, is calculated and payable quarterly in arrears and (a) equals 100% of the excess of the preincentive fee net investment income for the immediately preceding calendar quarter, over a preferred return of 1.75% per quarter (7.0% annualized), and acatch-upfeature until the Advisor has received 17.5% of thepre-incentivefee net investment income for the current quarter up to 2.1212% (the“Catch-up”),and (b) 17.5% of all remainingpre-incentivefee net investment income above theCatch-up. |

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The Advisor has also voluntarily waived its right to receive the income incentive fees attributable to the investment income accrued as a result of its investments in WhiteHawk and Freeport Financial.

For more detailed information about the incentive fee, please see Note 3 to our consolidated financial statements for the quarter ended March 31, 2025.

| (8) | Interest payments on borrowed funds referenced in the table above are the actual amounts incurred during the three months ended March 31, 2025. |

At March 31, 2025, the weighted average effective interest rate for total debt outstanding was 6.49%. We may borrow funds from time to time to make investments to the extent we determine that the economic situation is conducive to doing so. Our stockholders indirectly bear the costs of borrowings under any debt instruments that we may enter into.

| (9) | Other expenses referenced in the table above are estimated for the