Crescent Capital BDC, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2020
February 24, 2021 at 04:12 pm EST
Share
Crescent Capital BDC, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2020. For the quarter, the company reported investment income of $20.3 million.
For the year, the company reported Total investment income of $77,113,000 compared to $53,477,000 a year ago. Net investment income was $49,880,000 compared to $31,683,000 a year ago. Net investment income per share was $1.80 compared to $1.83 a year ago.
Crescent Capital BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Companyâs investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments. It invests primarily in secured debt, including first lien, unitranche first lien and second-lien debt, and unsecured debt, including mezzanine and subordinated debt, as well as related equity securities of private United States middle-market companies. It is focused on purchasing interests in loans or make debt investments, either directly from its target companies as primary market or private credit investments (private credit transactions), or primary or secondary market bank loan or high yield transactions in the syndicated market (syndicated loans and bonds). Although its focus is to invest in less liquid private credit transactions. The Company is managed by Crescent Cap Advisors, LLC.
CRESCENT CAPITAL BDC, INC. 
