INVESTCORP CREDIT MANAGEMENT BDC, INC. : Termination of a Material Definitive Agreement (form 8-K)
November 23, 2021 at 04:28 pm EST
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Item 1.02. Termination of Material Definitive Agreement.
On November 19, 2021, Investcorp Credit Management BDC, Inc., a Maryland
corporation (the "Company"), repaid in full all indebtedness, liabilities and
other obligations under, and terminated, its revolving financing facility with
UBS AG, London Branch (together with its affiliates "UBS") under the Global
Master Repurchase Agreement and Annexes thereto (the "UBS Revolving Financing").
In accordance with the termination of the UBS Revolving Financing, the Company
and UBS were released from their respective obligations, covenants and
agreements under the UBS Revolving Financing.
Investcorp Credit Management BDC, Inc. is an externally managed, closed-end, non-diversified management investment company. 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 by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least 50 million dollars and earnings before interest, taxes, depreciation, and amortization of at least 15 million dollars. It invests in standalone first and second lien loans and unitranche loans, with an emphasis on floating rate debt. It also selectively invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments. It invests in various industry sectors, such as chemicals, software, and others. Its investment advisor is CM Investment Partners LLC.
INVESTCORP CREDIT MANAGEMENT BDC, INC. 
