Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 13

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 13
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     | The due diligence process that the Advisor undertakes in connection with our investments may not reveal all the facts that may be relevant in connection with an investment. |

| • |     | The lack of liquidity in our investments may adversely affect our business. We may invest in high yield debt, or below investment grade securities, which has greater credit and liquidity risk than more highly rated debt obligations. Our subordinated investments may be subject to greater risk than investments that are not similarly subordinated. There may be circumstances in which our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims. |

| • |     | Investments in equity securities, many of which are illiquid with no readily available market, involve a substantial degree ofrisk. |

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| • |     | Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing net asset value through increased net unrealized depreciation. |

| • |     | We may be subject to risks associated with syndicated loans. |

| • |     | The disposition of our investments may result in contingent liabilities. |

| • |     | We will be subject to the risk that the debt investments we make in our portfolio companies may be repaid prior to maturity. |

| • |     | Inflation has adversely affected and may continue to adversely affect the business, results of operations and financial condition of our portfolio companies. |

| • |     | We may be subject to risks under hedging transactions and may become subject to risk if we invest innon-U.S.securities. |

| • |     | We may not realize anticipated gains on the equity interests in which we invest. |

| • |     | Our investments in OID and PIK interest income may expose us to risks associated with such income being required to be included in accounting income and taxable income prior to receipt of cash. |

| • |     | You may receive shares of our common stock as dividends, which could result in adverse tax consequences to you. |

| • |     | Changes in healthcare laws and other regulations applicable to some of our portfolio companies may constrain their ability to offer their products and services. |

| • |     | Our investments in the consumer products and services sector are subject to various risks including cyclical risks associated with the overall economy. Our investments in the financial services sector are subject to various risks including volatility and extensive government regulation. Our investments in technology companies are subject to many risks, including volatility, intense competition,