Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 150

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 150
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ings for these purposes. The amount of leverage that we employ depends on our Adviser’s and our Board’s assessment of market conditions and other factors at the time of any proposed borrowing. 

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As of December 31, 2024, and 2023, our asset coverage ratio was 183% and 186%, respectively. We may also refinance or repay any of our indebtedness at any time based on our financial condition and market conditions. See Note 6. Debt to our consolidated financial statements for more detail on the debt facilities. 

OFF BALANCE SHEET ARRANGEMENTS 

Our investment portfolio may contain investments that are in the form of lines of credit or unfunded commitments which require us to provide funding when requested by portfolio companies in accordance with the terms of the underlying agreements. Unfunded commitments to provide funds to portfolio companies are not reflected on our Consolidated Statements of Assets and Liabilities. These commitments are subject to the same underwriting and ongoing portfolio maintenance as are the on-balance sheet financial instruments that we hold. Since these commitments may expire without being drawn, the total commitment amount does not necessarily represent future cash requirements. As of December 31, 2024, and 2023, we had aggregate unfunded commitments totaling $212.5 million and $175.0 million, respectively. 

RECENT DEVELOPMENTS 

          On February 12, 2025, our Board of Directors declared the following cash dividends:

    Cash Dividend Type
    Record Date
    Payment Date
    Amount per Share

    Regular
    March, 31, 2025
    April 15, 2025
    $
    0.42

    Special
    February 28, 2025
    March 14, 2025
     
    0.05

    Special
    May 30, 2025
    June 13, 2025
     
    0.05

    Special
    August 29, 2025
    September 15, 2025
     
    0.05

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK We are subject to financial market risks, including valuation risk, interest rate risk and currency risk. Valuation Risk 

We have invested, and plan to continue to invest, in illiquid debt and equity securities of private companies. These investments will generally not have a readily available market