Company: FCRX
Filing Date: 2025-04-15
Form Type: 8-K
Source: 0001193125-25-081494
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Company: Crescent Capital BDC, Inc.
Filing Date: 2025-04-15
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry Into A Material Definitive Agreement.

On April 10, 2025, Crescent Capital BDC, Inc., a Maryland corporation (“ CCAP”), and Crescent Capital BDC Funding, LLC (“ CCAP SPV”), a wholly-owned subsidiary of CCAP, entered into the Eighth Amendment to Loan and Security Agreement (the “ Amendment”), by and among CCAP, as the collateral manager, seller and equity holder, CCAP SPV, as the borrower, and Wells Fargo Bank, National Association, as administrative agent, collateral agent, and lender, which amends the Loan and Security Agreement, dated as of March 28, 2016 (as amended, amended and restated, supplemented, waived or otherwise modified from time to time prior to the date of the Amendment, the “ Existing Loan and Security Agreement”; as amended by the Amendment, the “ Loan and Security Agreement”), by and among CCAP, as the collateral manager, seller and equity holder, CCAP SPV, as the borrower, and Wells Fargo Bank, National Association, as administrative agent, collateral agent, and lender.

The amendment, among other things, (a) reduced the spread from 245 to 195, and (b) reduced the facility size from $500 million to $400 million.

Borrowings under the Loan and Security Agreement remains subject to leverage restrictions contained in the Investment Company Act of 1940, as amended (the “1940 Act”).

The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy of the Amendment, which is filed as Exhibit 10.1 to this current report on Form8-K.