Crescent Capital BDC Inc

Crescent BDC is a business development company that seeks to maximize the total return of its stockholders in the form of current income and capital appreciation by providing capital solutions to companies with sound business fundamentals and strong growth prospects.

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Crescent Capital BDC (CCAP) reports robust Q4 performance and growth opportunities

Crescent Capital BDC, Inc. (CCAP) demonstrated strong financial performance in Q4 2022, with notable increases in adjusted net investment income and total investment income.
The company's focus on a diversified portfolio, credit quality, and deleveraging efforts underscore its commitment to sustainable growth and shareholder value.
While facing potential challenges in market dynamics and operational integration, CCAP remains well-positioned to leverage opportunities for strategic expansion and value creation.

Crescent Capital BDC Inc (CCAP) reports Q1 growth and dividend program introduction

CCAP's Q1 2023 performance showed growth in adjusted net investment income but a decline in net asset value per share.
Introduction of a variable supplemental dividend program and focus on first lien investments highlight strategic strengths.
Challenges include managing spillover amounts, addressing analyst concerns, and navigating wider credit spreads.

Crescent Capital BDC (CCAP) achieves record earnings in Q2

Crescent Capital BDC (CCAP) delivered robust financial performance in Q2 2023, with a focus on core earnings strength and portfolio diversification. The company implemented a supplemental dividend program to enhance shareholder value and maintained a strong liquidity position.

Crescent Capital BDC reports record Q3 earnings and strategic growth

Crescent Capital BDC delivered strong financial performance in Q3 2023, reporting record net investment income and increased net asset value per share.
The company's focus on senior secured first lien loans and prudent risk management strategies contributed to its robust portfolio performance.
While facing market challenges and uncertainties, Crescent Capital BDC remains well-positioned with a solid liquidity position and attractive dividend yield.
Opportunities lie in capitalizing on market activity levels, maintaining disciplined investment strategies, and leveraging its strong liquidity for future growth.

Crescent Capital BDC excels in Q4 2023, eyes growth opportunities

Crescent Capital BDC demonstrates robust financial performance in Q4 2023, supported by a diversified investment portfolio.
Strategic focus on stable dividend payouts and maintaining a conservative balance sheet enhances investor confidence.
Optimism for future deal flow and opportunities in key sectors underpins growth prospects.

CCAP achieves record earnings and dividend growth, poised for expansion

CCAP's Q1 performance reflects strong earnings, dividend declarations, and NAV growth, underlining the company's financial strength and value creation for shareholders.
While maintaining a high-quality investment portfolio, CCAP faces challenges in sustaining yields, managing credit risks, and optimizing capital deployment amidst market dynamics.
Strategically leveraging opportunities for growth, market expansion, and investor engagement can further enhance CCAP's position and performance in the competitive landscape.
Overall, CCAP's solid financial metrics, prudent investment approach, and growth prospects position the company well for navigating market challenges and capitalizing on opportunities.

CCAP reports robust Q2 earnings, eyes growth amid market challenges

CCAP's Q2 performance reflects stability and strong financial health, supported by a defensive portfolio and disciplined investment approach.
While challenges like managing debt structures and market competition exist, opportunities in optimizing capitalization and exploring new strategies are present.
The company's focus on lower and core middle market investments provides a solid foundation for steady returns and portfolio growth.
Overall, CCAP's emphasis on stability, dividend coverage, and strategic investments positions it well for navigating market dynamics.

CCAP reports solid Q3 earnings, eyes growth amid market optimism

CCAP's Q3 performance showed resilience with strong NII and NAV growth, supported by a diversified investment portfolio.
While facing challenges such as lower yields and nonaccruals, CCAP's financial position remains robust with a focus on shareholder returns.
Opportunities for growth in deal activity and market conditions position CCAP for potential expansion and increased income generation in 2025.

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Crescent Capital BDC, Inc. invests in secured and unsecured debt and related equity securities. Its primary focus is originating and investing primarily in secured debt and unsecured debt, as well as related equity securities of private U.S. middle-market companies. The company was founded on February 5, 2015 and is headquartered in Los Angeles, CA.

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LOS ANGELES, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the third quarter ended September 30, 2022 on Wednesday, November 9, 2022 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, November 10, 2022 at 12:00 p.m. Eastern Time to discuss its third quarter ended September 30, 2022 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Third Quarter Ended September 30, 2022 Financial Results

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LOS ANGELES and BOSTON, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or the “Company”) (NASDAQ: CCAP) and First Eagle Alternative Capital BDC, Inc. (“First Eagle BDC”) (NASDAQ: FCRD) announced today that they have entered into a definitive merger agreement (the “Merger Agreement”) under which Crescent BDC will acquire First Eagle BDC (the “Transaction”). The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group (“Crescent”), is expected to have approximately $1.6 billion of investments on a pro forma basis. The boards of directors of both companies, the independent directors of First Eagle BDC and the independent directors of Crescent BDC have approved the Transaction, which is expected to close as early as the fourth quarter of 2022.

Crescent Capital BDC, Inc. To Acquire First Eagle Alternative Capital BDC, Inc.

CCAP yields 9.26% and goes ex-dividend on 9/29/22. It has one of the highest dividend growth rates in the BDC industry. It's selling at a 14.4% discount to NAV/Share, much cheaper than BDC avgs., and its P/NII is also much lower than avg.

Crescent Capital BDC: 9% Yield, 14% Discount To NAV, High Dividend Growth Rate

Crescent Capital BDC (CCAP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Crescent Capital BDC (CCAP) Upgraded to Buy: Here's What You Should Know

Crescent Capital BDC (CCAP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Crescent Capital BDC (CCAP) Gain on Rising Earnings Estimates?

Crescent Capital BDC, Inc. (NASDAQ:CCAP ) Q2 2022 Results Conference Call August 11, 2022 ET Company Participants Dan McMahon - Head, IR Jason Breaux - CEO Gerhard Lombard - CFO Conference Call Participants Robert Dodd - Raymond James Operator Ladies and gentlemen, thank you for standing by, and welcome to Crescent Capital BDC, Inc.'s Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference may be recorded.

Crescent Capital BDC, Inc. (CCAP) CEO Jason Breaux on Q2 2022 Results - Earnings Call Transcript

Crescent Capital BDC (CCAP) delivered earnings and revenue surprises of -2.38% and 4.46%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Crescent Capital BDC (CCAP) Q2 Earnings Lag Estimates

LOS ANGELES, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $15.5 million, or $0.50 per share, and adjusted net investment income of $12.7 million, or $0.41 per share,1 for the quarter ended June 30, 2022. Reported net asset value per share was $20.69 at June 30, 2022.

Crescent Capital BDC, Inc. Reports Second Quarter 2022 Financial Results; Declares a Third Quarter 2022 Regular Dividend of $0.41 per Share

LOS ANGELES, July 21, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the second quarter ended June 30, 2022 on Wednesday, August 10, 2022 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, August 11, 2022 at 12:00 p.m. Eastern Time to discuss its second quarter ended June 30, 2022 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2022 Financial Results

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Crescent Capital BDC, Inc. (NASDAQ:CCAP ) Q1 2022 Earnings Conference Call May 10, 2022 12:00 PM ET Company Participants Jason Breaux – Chief Executive Officer Gerhard Lombard – Chief Financial Officer Daniel McMahon – Head of Investor Relations Conference Call Participants Matt Tjaden – Raymond James Derek Hewett – Bank of America Operator Thank you for standing by, and welcome to the Q1 2022 Crescent Capital BDC Earnings Conference Call. At this time, all participants are in listen-only mode.

Crescent Capital BDC, Inc. (CCAP) CEO Jason Breaux on Q1 2022 Results - Earning Calls Transcript

Crescent Capital BDC (CCAP) delivered earnings and revenue surprises of -4.88% and 1.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Crescent Capital BDC (CCAP) Lags Q1 Earnings Estimates

LOS ANGELES, May 09, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $12.1 million, or $0.39 per share, and Adjusted Net Investment Income of $12.9 million, or $0.42 per share1 for the quarter ended March 31, 2022. Reported net asset value per share was $21.18 as of March 31, 2022 as compared to $21.12 as of December 31, 2021.

Crescent Capital BDC, Inc. Reports First Quarter 2022 Financial Results; Declares a Second Quarter 2022 Regular Dividend of $0.41 per Share

CCAP yields 10.42%, with an 8.36% 5-Year Dividend Growth Rate. Management declared special dividends for Q1-Q3 2022.

Crescent Capital BDC: 10% Yield, 16% Discount, Special Dividends In 2022

LOS ANGELES, April 19, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the first quarter ended March 31, 2022 on Monday, May 9, 2022 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Tuesday, May 10, 2022 at 12:00 p.m. Eastern Time to discuss its first quarter ended March 31, 2022 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2022 Financial Results

Crescent Capital BDC (CCAP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Crescent Capital BDC (CCAP) Upgraded to Buy: Here's Why

Crescent Capital BDC, Inc. (CCAP) CEO Jason Breaux on Q4 2021 Results - Earnings Call Transcript

Crescent Capital BDC (CCAP) delivered earnings and revenue surprises of 2.44% and 0.42%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Crescent Capital BDC (CCAP) Tops Q4 Earnings Estimates

LOS ANGELES, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $47.6 million, or $1.67 per share, and Adjusted Net Investment Income of $53.9 million, or $1.89 per share, for the year ended December 31, 2021. For the quarter ended December 31, 2021, net investment income was $12.5 million, or $0.42 per share, and Adjusted Net Investment Income was $12.7 million, or $0.43 per share.1 Reported net asset value per share was $21.12 at December 31, 2021.

Crescent Capital BDC, Inc. Reports December 31, 2021 Financial Results; Declares a First Quarter 2022 Regular Dividend of $0.41 per Share

LOS ANGELES, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2021 on Wednesday, February 23, 2022 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, February 24, 2022 at 12:00 p.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2021 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2021 Financial Results

LOS ANGELES, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or the “Company”) (NASDAQ: CCAP) today announced that it has priced an underwritten primary offering of 2,500,000 shares of its common stock, which will result in net proceeds exclusive of offering expenses to the Company of approximately $53.3 million, or $21.33 per share. Crescent BDC has granted the underwriters an option to purchase up to an additional 375,000 shares of common stock. The offering was made pursuant to the Company's shelf-registration statement, which was filed with and declared effective by the Securities and Exchange Commission (the “Commission”). The offering is expected to close on November 18, 2021, subject to customary closing conditions.

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