Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 18

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 18
---
-incentivefee net investment income above theCatch-up. |

11

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 GACP II, 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 September, 30, 2024.

| (8) | Interest payments on borrowed funds referenced in the table above are estimated by annualizing the actual amounts incurred during the nine months ended September 30, 2024. |

At September 30, 2024, the weighted average effective interest rate for total debt outstanding, including our credit facilities and notes, was 6.59%. 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 by annualizing the actual amounts incurred during the six months ended September 30, 2024. |

Other expenses include various overhead expenses, professional fees, director fees, and payments under the Amended and Restated Administration Agreement. See “Certain Relationships and Related Transactions, and Director Independence” in our most recent Annual Report on Form 10-K.

| (10) | Our stockholders indirectly bear the expenses of underlying funds or other investment vehicles in which we invest that (1) are investment companies or (2) would be investment companies under Section 3(a) of the 1940 Act but for the exceptions to that definition provided for in Sections 3(c)(1) and 3(c)(7) of the 1940 Act. |

| (11) | “Total annual expenses” as a percentage of consolidated net assets attributable to common stock are higher than the total annual expenses percentage would be for a company that is not leveraged. We borrow money to leverage and increase our total assets. The SEC requires that the “Total annual expenses” percentage be calculated as a percentage of net assets (defined as total assets less indebtedness and before taking into account any income based fees or capital gains incentive fees accrued during the period), rather than the total assets, including assets that have been funded with borrowed monies. |

Example

The following example demonstrates the projected dollar amount of total cumulative expenses over various periods with respect to a hypothetical investment in our common stock,