Crescent Capital BDC, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 11, 2021 at 04:15 pm EDT
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Crescent Capital BDC, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total investment income of $23,799,000 against $19,327,000 a year ago. Net investment income was $10,976,000 against $12,956,000 a year ago. Net increase in net assets resulting from operations was $32,584,000 or $1.16 per basic and diluted share against $56,417,000 or $2.00 per basic and diluted share a year ago. Net investment income per share (basic and diluted) was $0.39 against $0.46 a year ago.
For the six months, the company reported total investment income of $44,370,000 against $38,158,000 a year ago. Net investment income was $22,413 against $24,509,000 a year ago. Net increase in net assets resulting from operations was $54,119,000 or $1.92 per basic and diluted share against net decrease in net assets resulting from operations of $18,128,000 or $0.67 per basic and diluted share a year ago. Net investment income per share (basic and diluted) was $0.80 against $0.90 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. 
