Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 16

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 16
---
    197.4

    $
    184.1

Interest income, which includes amortization of upfront fees, increased from $169.8 million, for the year ended December 31, 2023, to $183.0 million for the year ended December 31, 2024, due to the growth of our income producing portfolio and increase in one-time non-recurring income. Included in interest from investments for the years ended December 31, 2024 and December 31, 2023 are $3.7 million and $1.8 million of accelerated accretion of OID related to paydown activity, respectively. 

Dividend income decreased from $13.3 million for the years ended December 31, 2023 to $11.3 million for the year ended December 31, 2024 due to lower dividend distributions from our portfolio companies.  For the years ended December 31, 2024 and December 31, 2023, we recorded $3.1 million and $1.0 million of other income, respectively. The increase is attributable to higher origination related fee income.

Expenses 

    (in $ millions)

    For the years ended December 31,

    2024

    2023

    Interest and other debt financing costs

    $
    62.8

    $
    58.7

    Management fees

    20.2

    19.6

    Income based incentive fees

    18.9

    17.5

    Professional fees

    2.0

    1.6

    Directors’ fees

    0.6

    0.6

    Other general and administrative expenses

    2.5

    2.8

    Total expenses

    $
    107.0

    $
    100.8

    Management fee waiver

    (0.1
    )

    (0.2
    )

    Income based incentive fees waiver

    (0.1
    )

    (0.3
    )

    Net expenses

    $
    106.8

    $
    100.3

    Provision for income and excise taxes

    1.6

    1.3

    Total

    $
    108.4

    $
    101.6

61

Interest and other debt financing costs 

Interest and other debt financing costs include