Crescent Capital BDC, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021 at 04:15 pm EDT
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Crescent Capital BDC, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2021. For the quarter, the company reported total investment income of $20.571 million against $18.831 million a year ago. Net investment income was $11.438 million against $11.553 million a year ago. Net increase in net assets resulting from operations was $21.536 million against net decrease in net assets resulting from operations of $74.545 million a year ago. Net increase in net assets resulting from operations per basic and diluted share was $0.76 against net decrease in net assets resulting from operations per basic and diluted share of $2.84 a year ago. Net investment income per basic and diluted share was $0.41 against $0.44 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. 
