Crescent Capital BDC, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:07 pm EST
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Crescent Capital BDC, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 48.15 million compared to USD 28.99 million a year ago. Net income was USD 22.62 million compared to net loss of USD 2.38 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to basic loss per share from continuing operations of USD 0.08 a year ago.
For the nine months, revenue was USD 134.18 million compared to USD 82.14 million a year ago. Net income was USD 52.98 million compared to USD 12.94 million a year ago. Basic earnings per share from continuing operations was USD 1.49 compared to USD 0.42 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. 
