Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 139

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 139
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 not more than 180 days past due). Non-accrual status is strongly considered for debt investments rated 4.   

5.Indicates an investment performing substantially below expectations  where the risks around our ability to ultimately recoup the cost of the investment have substantially increased since origination or acquisition. We do not expect to recover our initial cost basis from investments rated 5. Debt investments with an investment rating of 5 are generally in payment and/or covenant default and are on non-accrual status.  

The following table shows the composition of our portfolio on the 1 to 5 investment performance rating scale. Investment performance ratings are accurate only as of those dates and may change due to subsequent developments relating to a portfolio company’s business or financial condition, market conditions or developments, and other factors. 

    ($ in millions)
     
    As of December 31, 2024

    As of December 31, 2023

    Investments at

    Percentage of

    Investments at

    Percentage of

    Investment Performance Rating
     
    Fair Value

    Total Portfolio

    Fair Value

    Total Portfolio

    1

    29.9

    1.9
     
    %

    16.2

    1.0
     
    %

    2

    1,360.9

    85.0

    1,366.4

    86.4

    3

    194.6

    12.2

    175.4

    11.1

    4

    12.0

    0.8

    24.1

    1.5

    5

    1.5

    0.1

    —

    0.0

    Total

    1,598.9

    100.0
     
    %

    1,582.1

    100.0
     
    %

60

RESULTS OF OPERATIONS 

Summarized Statement of Operations

    (in $ millions)

    For the years ended December 31,

    2024

    2023

    Total investment income

    $
    197.4

    $
    184.1

    Total net expenses, including taxes

    108.4

    101.6

    Net investment income

    $
    89.0