Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 283

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 283
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 $
        32,051

        Discounted Cash Flows
         
        Discount Rate
         
        13.2%
        -
        14.6%
        (13.7%)

        7,878

        Enterprise Value
         
        Comparable EBITDA Multiple
         
        3.4x
        -
        8.9x
        (5.9x)

        4,978

        Broker Quoted
         
        Broker Quote

        N/A

        $
        44,907

        Unsecured Debt
         
        $
        3,235

        Discounted Cash Flows
         
        Discount Rate
         
        14.4%
        -
        18.1%
        (15.9%)

        826

        Enterprise Value
         
        Comparable EBITDA Multiple

        11.3x

        $
        4,061

        Equity & Other
         
        $
        435

        Discounted Cash Flows
         
        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