# EDGAR Filing Document

**Accession Number:** 0001372807
**File Stem:** 0001193125-25-317765
**Filing Date:** 2025-12
**Character Count:** 14654
**Document Hash:** 5335c5b3fc2d28f437278ef9589df06c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-317765.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001193125-25-317765

**CONFORMED SUBMISSION TYPE**: SC TO-T/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**GROUP MEMBERS**: BRANDON SATOREN

**GROUP MEMBERS**: EDWARD GOLDTHORPE

**GROUP MEMBERS**: GEORGE GRUNEBAUM

**GROUP MEMBERS**: JOSEPH MOREA

**GROUP MEMBERS**: NIKITA KLASSEN

**GROUP MEMBERS**: PATRICK SCHAFER

**GROUP MEMBERS**: SAM REINHART

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BCP Investment Corp
- **CENTRAL INDEX KEY:** 0001372807

**ORGANIZATION NAME:**
- **EIN:** 205951150
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-T/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-82556
- **FILM NUMBER:** 251569112

**BUSINESS ADDRESS:**
- **STREET 1:** 650 MADISON AVNUE
- **STREET 2:** 3RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212.891.2880

**MAIL ADDRESS:**
- **STREET 1:** 650 MADISON AVNUE
- **STREET 2:** 3RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Portman Ridge Finance Corp
- **DATE OF NAME CHANGE:** 20190401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KCAP Financial, Inc.
- **DATE OF NAME CHANGE:** 20120710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kohlberg Capital CORP
- **DATE OF NAME CHANGE:** 20061211
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BCP Investment Corp
- **CENTRAL INDEX KEY:** 0001372807

**ORGANIZATION NAME:**
- **EIN:** 205951150
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-T/A

**BUSINESS ADDRESS:**
- **STREET 1:** 650 MADISON AVNUE
- **STREET 2:** 3RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212.891.2880

**MAIL ADDRESS:**
- **STREET 1:** 650 MADISON AVNUE
- **STREET 2:** 3RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Portman Ridge Finance Corp
- **DATE OF NAME CHANGE:** 20190401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KCAP Financial, Inc.
- **DATE OF NAME CHANGE:** 20120710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kohlberg Capital CORP
- **DATE OF NAME CHANGE:** 20061211

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE TO** 

**(Amendment No. 1)** 

**Tender Offer Statement under Section 14(d)(1) or 13(e)(1)** 

**of the Securities Exchange Act of 1934** 

## BCP INVESTMENT CORPORATION
**(Name of Subject Company (Issuer))** 

**EDWARD GOLDTHORPE** 

**PATRICK SCHAFER** 

**BRANDON SATOREN** 

**JOSEPH MOREA** 

**GEORGE GRUNEBAUM** 

**SAM REINHART** 

**NIKITA KLASSEN** 

**(Names of filing Persons (Offeror and Issuer))** 

**Common Stock, Par Value $0.01 per share** 

**(Title of Class of Securities)** 

**73688F201** 

**(CUSIP Number of Class of Securities)** 

**(Underlying Common Stock)** 

**Edward Goldthorpe** 

**President and Chief Executive Officer** 

**BCP Investment Corporation** 

**650 Madison Avenue, 3rd Floor** 

**New York, New York 10022** 

**(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)** 

***Copies to:***

**Harry S. Pangas, Esq.** 

**Alexander Karampatsos, Esq.** 

**Dechert LLP** 

**1900 K Street, NW** 

**Washington, D.C. 20006** 

**Telephone: (202) 261-3300** 

☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

☒ Third-party tender offer subject to Rule 14d-1.

☒ Issuer tender offer subject to Rule 13e-4.

☐ Going-private transaction subject to Rule 13e-3.

☐ Amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

☐ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

------

**SCHEDULE TO** 

This Amendment No. 1 ("Amendment No. 1") amends and supplements the Tender Offer Statement on Schedule TO (the "Schedule TO") originally filed with the Securities and Exchange Commission on November 12, 2025 by BCP Investment Corporation, a Delaware corporation (the "Company"), in connection with an offer by (i) the Company, (ii) Edward Goldthorpe, the President and Chief Executive Officer of the Company, (iii) Patrick Schafer, the Chief Investment Officer of the Company and (iii) Brandon Satoren, the Chief Financial Officer of the Company, (iv) Joseph Morea, a member of the Company's board of directors, (v) George Grunebaum, a member of the Company's board of directors, (vi) Sam Reinhart, an officer at an entity affiliated with the Company's investment adviser, and (vii) Nikita Klassen, an officer at an entity affiliated with the Company's investment adviser (collectively, with the Company, the "Offeror Group"), to purchase, severally, and not jointly, for cash up to $9.0 million in the aggregate of shares of the Company's common stock, $0.01 par value per share (the "shares"), at a price per share not less than $13.63 and not more than $14.93 in cash, less any applicable withholding taxes and without interest (the "Offer").

Only those items amended or supplemented are reported in this Amendment No. 1. Except as specifically provided herein, the information contained in the Schedule TO remains unchanged. You should read this Amendment No. 1 together with the Schedule TO, the Offer to Purchase dated November 12, 2025 and the Letter of Transmittal.

**Item 11. Additional Information.**

Item 11 of the Schedule TO is hereby amended and supplemented by adding the following information to the end thereof:

On December 12, 2025, the Company issued a press release announcing the final results of the Offer, which expired on December 10, 2025, at 11:59 PM, New York City time. A copy of such press release is filed herewith as Exhibit (a)(5)(B) and is incorporated herein by reference.

**Item 12. Exhibits.**

Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:

(a)(5)(B) Press release announcing the final results of the tender offer.

---

| | |
|:---|:---|
| **EXHIBIT**<br>**NUMBER** | **DESCRIPTION** |
| (a)(5)(B) | [Press release announcing the final results of the tender offer.](d87145dex99a5b.htm) |

---

------

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: December 12, 2025

---

| | |
|:---|:---|
| **BCP INVESTMENT CORPORATION** | **BCP INVESTMENT CORPORATION** |
| By: | /s/ **Edward Goldthorpe** |
| Name: Edward Goldthorpe | Name: Edward Goldthorpe |
| Title: President and Chief Executive Officer | Title: President and Chief Executive Officer |
| /s/ Edward Goldthorpe | /s/ Edward Goldthorpe |
| Edward Goldthorpe | Edward Goldthorpe |
| /s/ Patrick Schafer | /s/ Patrick Schafer |
| Patrick Schafer | Patrick Schafer |
| /s/ Brandon Satoren | /s/ Brandon Satoren |
| Brandon Satoren | Brandon Satoren |
| /s/ Joseph Morea | /s/ Joseph Morea |
| Jospeh Morea | Jospeh Morea |
| /s/ George Grunebaum | /s/ George Grunebaum |
| George Grunebaum | George Grunebaum |
| /s/ Sam Reinhart | /s/ Sam Reinhart |
| Sam Reinhart | Sam Reinhart |
| /s/ Nikita Klassen | /s/ Nikita Klassen |
| Nikita Klassen | Nikita Klassen |

---

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| **EXHIBIT<br>NUMBER** | **DESCRIPTION** |
|  (a)(1)(A)\*\* | [Offer to Purchase, November 12, 2025.](http://www.sec.gov/Archives/edgar/data/1372807/000119312525277930/d17093dex99a1a.htm) |
|  (a)(1)(B)\*\* | [Form of Letter of Transmittal.](http://www.sec.gov/Archives/edgar/data/1372807/000119312525277930/d17093dex99a1b.htm) |
|  (a)(1)(C)\*\* | [Letter to brokers, dealers, commercial banks, trust companies and other nominees, dated November 12, 2025.](http://www.sec.gov/Archives/edgar/data/1372807/000119312525277930/d17093dex99a1c.htm) |
|  (a)(1)(D)\*\* | [Letter to Stockholders, dated November 12, 2025.](http://www.sec.gov/Archives/edgar/data/1372807/000119312525277930/d17093dex99a1d.htm) |
|  (a)(5)\*\* | [Press release announcing the Tender Offer, dated November 6, 2025 (Previously filed in connection with the Registrant's Tender Offer Statement on Schedule TO (File No. 005-82556) filed on November 6, 2025, and incorporated by reference herein.)](http://www.sec.gov/Archives/edgar/data/1372807/000119312525270146/d45670dex991.htm) |
|  (a)(5)(B)\* | [Press release announcing the final results of the tender offer.](d87145dex99a5b.htm) |
|  EX-FILING FEES\*\* | [Calculation of Filing Fee Table](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1372807/000119312525277930/d17093dexfilingfees.htm) |

---

\* Filed herewith

\*\* Previously filed on Schedule TO

## Ex-99.(A)(5)(B)

**Exhibit (a)(5)(B)**![LOGO](g87145g1213022629859.jpg)

FOR IMMEDIATE RELEASE

**BCP Investment Corporation Announces Final Results of Its Modified "Dutch Auction" Tender Offer** 

**Shares Tendered at $13.63 Per Share, Generating NAV Accretion of Approximately 1.0%<sup>1</sup>** 

**NEW YORK, December 12, 2025** – BCP Investment Corporation (NASDAQ: BCIC) ("BCIC" or the "Company") today announced the final results of its modified "Dutch Auction" tender offer (the "Offer") to purchase for cash up to an aggregate of $9.0 million in value of shares of its common stock, par value $0.01 per share , which expired at 11:59 P.M. ET on December 10, 2025.

Based on the final count by Broadridge Corporate Issuer Solutions LLC, the depositary and paying agent for the Offer (the "Depositary"), a total of 4.4 million shares of BCIC's common stock were validly tendered and not properly withdrawn at or below the purchase price of $14.93 per share, including shares that were tendered through notice of guaranteed delivery.

The Offer was made by a group consisting of (i) BCP Investment Corporation, (ii) Edward Goldthorpe, President and Chief Executive Officer of the Company, (iii) Patrick Schafer, Chief Investment Officer of the Company, (iv) Brandon Satoren, Chief Financial Officer of the Company, (v) Joseph Morea, a member of the Company's Board of Directors, (vi) George Grunebaum, a member of the Company's Board of Directors, (vii) Sam Reinhart, an officer at an entity affiliated with the Company's investment adviser, and (viii) Nikita Klassen, an officer at an entity affiliated with the Company's investment adviser (collectively, with the Company, the "Offeror Group"). Each member of the Offeror Group purchased shares, severally and not jointly.

In accordance with the terms and conditions of the Offer, the Offeror Group has accepted for purchase a total of 0.7 million shares of its common stock at a purchase price of $13.63 per share, for an aggregate cost of approximately $9.0 million excluding fees and expenses relating to the Offer. The 0.7 million shares accepted for purchase in the Offer represent approximately 5% of BCIC's outstanding shares as of December 12, 2025.

The Company purchased approximately the first $7.6 million of tendered shares, and the other members of the Offeror Group purchased, severally, and not jointly, approximately the remaining $1.4 million of tendered shares.

The Depositary will promptly pay for the shares accepted for purchase in accordance with the terms and conditions of the Offer.

<sup>1</sup> Based on the September 30, 2025 Net Asset Value

------

Questions regarding the tender offer may be directed to Broadridge Corporate Issuer Solutions, LLC at (855) 793-5068.

**About BCP Investment Corporation** 

BCP Investment Corporation (Nasdaq: BCIC) is a publicly traded, externally managed closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. BCIC's middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. BCIC's investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P.

BCIC's filings with the Securities and Exchange Commission, earnings releases, press releases and other financial, operational and governance information are available on BCIC's website at www.bcpinvestmentcorporation.com.

**Cautionary Statement Regarding Forward-Looking Statements** 

This press release contains forward-looking statements. The matters discussed in this press release, as well as in future oral and written statements by management of BCP Investment Corporation, that are forward-looking statements are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Forward-looking statements relate to future events or our future financial performance and include, but are not limited to, projected financial performance, expected development of the business, plans and expectations about future investments and the future liquidity of the Company. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "outlook", "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove to be incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.

**Contacts:** 

BCP Investment Corporation

650 Madison Avenue, 3rd floor

New York, NY 10022

Brandon Satoren

Chief Financial Officer

Brandon.Satoren@bcpartners.com

(212) 891-2880

------

The Equity Group Inc.

Lena Cati

lcati@theequitygroup.com

(212) 836-9611

Val Ferraro

vferraro@theequitygroup.com

(212) 836-9633