Company: FCRX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023153
Chunk: 21

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 21
---
111.6

      111.6

      —

      111.6

      111.6

      111.6

      —

      111.6

      Series 2023A Unsecured Notes
       
      50.0

      50.0

      —

      50.0

      50.0

      50.0

      —

      50.0

      Series 2024A Unsecured Notes - 2028
       
      35.0

      —

      35.0

      —

      —

      —

      —

      —

      Series 2024A Unsecured Notes - 2030
       
      80.0

      —

      80.0

      —

      —

      —

      —

      —

      Total Debt
      $
      1,221.6

      $
      884.1

      $
      337.5

      $
      884.1

      $
      1,181.6

      $
      851.9

      $
      329.7

      $
      851.9

     (1)The amount available is subject to any limitations related to the respective debt facilities’ borrowing bases and foreign currency translation adjustments. 

(2)Amount presented excludes netting of deferred financing costs.  

The combined weighted average interest rate of the aggregate borrowings outstanding for the years ended December 31, 2024 and 2023 was 7.12% and 7.02%, respectively. The combined weighted average debt of the aggregate borrowings outstanding for the years ended December 31, 2024 and 2023 was $881.1 million and $837.0 million, respectively. As of December 31, 2024, and 2023, the weighted average cost of debt was 6.38% and 7.02%, respectively.

64

SPV Asset Facility 

On March 28, 2016, Crescent Capital BDC Funding, LLC (“CCAP SPV”), a wholly owned subsidiary of CCAP, entered into a loan and security agreement, as amended from time to time (the “SPV Asset Facility”), with us as the collateral manager, seller and equity holder, CCAP SPV as the borrower, the banks and other financial institutions from time to time party thereto as lenders, and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent