Company: FCRX
Filing Date: 2025-07-14
Form Type: N-2/A
Source: 0001193125-25-158263
Chunk: 12

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-07-14
Form: N-2/A
Chunk 12
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 damage to its business relationships. |

4

| • |     | We and the Advisor are subject to regulations and SEC oversight. If we or the Advisor fail to comply with applicable requirements, it may adversely impact our results relative to companies that are not subject to such regulations. |

| • |     | We are subject to risks related to corporate social responsibility. |

| • |     | We are subject to risks associated with artificial intelligence and machine learning technology. |

| • |     | Additionally, legislative or other actions relating to taxes could have a negative effect on us. |

| • |     | Changes to United States tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us. |

| • |     | We may be obligated to pay the Advisor certain fees even if we incur a loss. |

| • |     | The amount of any distributions we may make is uncertain. Our distributions may exceed our earnings, particularly during the period before we have substantially invested the net proceeds from our offerings. Therefore, portions of the distributions that we make may represent a return of capital to you that will lower your tax basis in your common stock and thereby increase the amount of capital gain (or decrease the amount of capital loss) realized upon a subsequent sale or redemption of such shares and reduce the amount of funds we have for investment in targeted assets. |

| • |     | We have not established any limit on the amount of funds we may use from available sources, such as borrowings, if any, to fund distributions (which may reduce the amount of capital we ultimately invest in assets). |

Risks Relating to Our Investments

| • |     | We may hold the debt securities of leveraged companies. Our portfolio companies may incur debt or issue equity securities that rank equally with, or senior to, our investments in such companies. When we are a debt or minority equity investor in a portfolio company, we are often not in a position to exert influence on the entity, and other equity holders and management of the company may make decisions that could decrease the value of our investment in such portfolio company. Economic recessions or downturns could impair our portfolio companies, and defaults by our portfolio companies will harm our operating results. Our portfolio companies may be unable to repay or refinance outstanding principal on their loans at or prior to maturity, and rising interests rates may make it more difficult for portfolio companies to make periodic payments on their loans. |

| • |     | Our portfolio companies may be highly leveraged. |