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OFFON

CRESCENT CAPITAL BDC, INC.

(CCAP)
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CRESCENT CAPITAL BDC, INC. : Other Events, Financial Statements and Exhibits (form 8-K)

11/18/2021 | 04:19pm EST

Item 8.01. Other Events.

On November 18, 2021, Crescent Capital BDC, Inc. (the "Company") issued 2,500,000 shares (the "Shares") of the Company's common stock, par value $0.001 per share, pursuant to a Purchase Agreement, dated November 15, 2021 (the "Purchase Agreement"), among the Company, Crescent Cap Advisors, LLC, CCAP Administration LLC and BofA Securities, Inc., Wells Fargo Securities LLC, Morgan Stanley & Co. LLC, and Keefe, Bruyette & Woods, Inc., as representatives of the several underwriters named on Schedule A thereto (collectively, the "Underwriters"). In addition, under the terms of the Purchase Agreement, the Company granted the Underwriters an option to purchase an additional 375,000 shares of Common Stock, exercisable for 30 days from the date of the Purchase Agreement.

The Shares were purchased by the Underwriters from the Company at a price of $21.33 per share, resulting in net proceeds to the Company of approximately $52.8 million, after deducting estimated offering expenses. Pursuant to the Purchase Agreement, the Company's investment adviser, Crescent Cap Advisors, LLC (the "Advisor"), paid the Underwriters a supplemental payment reflective of the difference between the actual public offering price and the net proceeds per share received by the Company in this offering. In addition, the Advisor paid the sales load payable to the underwriters. The Company is not obligated to repay the supplemental payment and sales load paid by the Advisor.

The Shares were offered and sold pursuant to the Registration Statement on Form N-2 (File No. 333-255478) and a prospectus supplement and accompanying prospectus, dated November 15, 2021, filed with the Securities and Exchange Commission.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, filed as Exhibit 1.1 hereto and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits:



Exhibit
Number                                    Description

1.1            Purchase Agreement, dated November  15, 2021, among Crescent Capital
             BDC, Inc. Crescent Cap Advisors, LLC, CCAP Administration LLC and BofA
             Securities, Inc., Wells Fargo Securities, LLC, Morgan Stanley & Co.
             LLC and Keefe, Bruyette  & Woods, Inc., as representatives of the
             several underwriters named in Schedule A thereto.†

5.1            Opinion of Venable LLP

23.1           Consent of Venable LLP (contained in the opinion filed as Exhibit
             5.1 hereto)



† Certain schedules and exhibits have been omitted pursuant to Item 601(b)(2) of

Regulation S-K. The Company agrees to furnish a copy of such schedules or

exhibits, or any section thereof, to the SEC upon request.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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