Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 331

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 331
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 future offerings of securities, (2) future borrowings and (3) cash flows from operations, including investment sales and repayments as well as income earned on investments. 

As of December 31, 2024, we had $39.4 million in cash and cash equivalents and restricted cash and cash equivalents and $337.5 million of undrawn capacity on the unfunded unsecured notes, our senior revolving credit and special purpose vehicle asset facilities, subject to borrowing base and other limitations. As of December 31, 2024, the undrawn capacity under our facilities and cash and cash equivalents were in excess of our unfunded commitments. 

As of December 31, 2024, we were in compliance with our asset coverage requirements under the 1940 Act. In addition, we were in compliance with all the financial covenant requirements of our credit facilities as of December 31, 2024. However, an increase in realized losses or unrealized depreciation of our investment portfolio or significant reductions in our net asset value as a result of the effects of the rising rate environment and the potential for a recession increase the risk of breaching the relevant covenants requirements. Any breach of these requirements may adversely affect the access to sufficient debt and equity capital. 

Capital Share Activity 

In connection with the FCRD Acquisition, we issued 6,174,187 shares as part of the consideration paid for net assets acquired.

Debt  

      ($ in millions)
      December 31, 2024

      December 31, 2023

      Aggregate Principal Amount Committed

      Drawn Amount

      Amount Available (1)

      Carrying Value(2)

      Aggregate Principal Amount Committed

      Drawn Amount

      Amount Available (1)

      Carrying Value(2)

      SPV Asset Facility
      $
      500.0

      $
      344.9

      $
      155.1

      $
      344.9

      $
      500.0

      $
      329.8

      $
      170.2

      $
      329.8

      SMBC Corporate Revolving Facility
       
      310.0

      242.6

      67.4

      242.6

      385.0

      225.5

      159.5

      225.5

      Series 2021A Unsecured Notes
       
      135.0